Assuris
Financial Services - Toronto, ON, CA
Assuris Details
Assuris is the not for profit organization that protects Canadian policyholders if their life insurance company fails. Assuris is designated by the federal Minister of Finance under the Insurance Companies Act of Canada. Assuris is recognized by the Autorité des marchés financiers (AMF) as the compensation body whose members are Quebec-chartered life insurers. Assuris Members Every life insurance company in Canada is required by the federal, provincial and territorial regulators, to become a member of Assuris. A complete member list is available on our website: www.assuris.ca. How Does Assuris Protect You? If your life insurance company fails, Assuris will seek to transfer your policies to a solvent life insurance company. Assuris guarantees that you will retain: - at least 85% of your death benefit. For policies that have a death benefit of $200,000 or less, you will retain the full amount of your benefit. - at least 85% of your health expense benefit. For policies that have a health expense benefit of $60,000 or less, you will retain the full amount of your benefit. - at least 85% of your monthly income benefit. For policies that have a monthly income benefit of $2,000 or less, you will retain the full amount of your benefit. - at least 85% of your cash value benefit. For policies that have a cash value benefit of $60,000 or less, you will retain the full amount of your benefit. Assuris provides 100% protection when benefits are below certain dollar values. For your investment products, Assuris guarantees that you will retain 100% of your accumulated value benefit up to a maximum of $100,000. Contact Information For inquires on Assuris and its protection, please call our bilingual Information Centre. You may also contact us by email. Assuris Information Centre: 1-866-878-1225 Email: info@assuris.ca
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