May 25, 2023 – Assuris Life and Health Insurance Policy Protection Increases

by | May 30, 2023 | Featured, Industry Updates

Assuris protects Canadians holding individual and group life and health insurance policies issued by member companies should the insurer fail.  As of May 25th, the protection has increased from 85% of promised benefits to 90% or the following amounts, whichever is greater:

  • Death benefit: $1,000,000
  • Health expenses: $250,000
  • Monthly income: $5,000/month
  • Investments/Savings: $100,000
    • Cash Value
    • Accumulated Value
    • Segregated Fund Guarantee

Learn more about Assuris here.

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