What if I have a joint accumulation annuity policy?
The joint accumulation annuity is split evenly between each policyowner and added to the value of their individual benefits before Assuris' protection is applied.
Example
- Individual Deferred Annuity - Policyowner A: $75,000
- Individual Deferred Annuity - Policyowner B: $125,000
- Joint Deferred Annuity between Policyowner A and Policyowner B: $50,000
| Example | Amount Insured | Assuris Protection | Protected Amount |
| Policyowner A | $75,000 | $100,000 | Since the amount is below $100,000, the Accumulated Value Benefit is fully protected. |
| Policyowner B | $125,000 | $100,000 | Since the amount is higher than $100,000, the Accumulated Value Benefit is protected up to $100,000. |
| Joint Policy with Policyowner A and B | $50,000 | The amount is split evenly between each annuitant and added to the value of any individual annuitant's benefits before Assuris' protection is applied.
$50,000 split evenly =
$25,000 attributed to Policyowner A
$25,000 attributed to Policyowner B | Policyowner A's policies would be added together ($75,000 + $25,000 = $100,000), and the Accumulated Value Benefit is fully protected.
Policyowner B policies would be added together ($125,000 + $25,000 = $150,000), and the Accumulated Value Benefit is protected up to $100,000. |