Directors’ Biographies

…of senior leadership roles at Sun Life. Most recently, Mr. Petrelli was responsible for the global M&A, securities, technology and intellectual property legal teams, corporate secretarial and legal operations. His…

Term Life

…Death Benefit $400,000 Recovery Liquidator Recovery: $360,000 ($400,000 x 90%) Assuris Protection: $340,000 ($400,000 x 85%) Explanation Since the liquidator’s recovery is greater than Assuris’ protection, you will retain $360,000….

Universal Life

…Protection: $340,000 ($400,000 x 85%) Explanation Since the liquidator’s recovery is greater than Assuris’ protection, you will retain $360,000. Example $250,000 Death Benefit $250,000 Accidental Death Benefit Assuris’ Protection on…

Corporate Governance Guidelines

…public company practices and our obligations to policyholders, Members and government. Board of Directors All directors, except the President & CEO, must be independent of the Corporation, as they must…

Whole Life

…$50,000 Original Cash Value Benefit Amount $20,000 Your Loan Net Death Benefit Amount: $380,000 ($400,000 – $20,000) Net Cash Value Benefit: $30,000 ($50,000 – $20,000) Step 2 – Apply Assuris’…

Group Life Insurance

…Benefit Amount Death Benefit $400,000 Recovery Liquidator Recovery: $360,000 ($400,000 x 90%) Assuris Protection: $340,000 ($400,000 x 85%) Explanation Since the liquidator’s recovery is greater than Assuris’ protection, you will…

Term to 100

…of Assuris’ guarantee of 85%. Original Benefit Amount Death Benefit $400,000 Recovery Liquidator Recovery: $360,000 ($400,000 x 90%) Assuris Protection: $340,000 ($400,000 x 85%) Explanation Since the liquidator’s recovery is…

2020 Corporate Governance Compliance Report

The following is the 2020 Corporate Governance Report on compliance with our guidelines. Board of Directors All directors, except for the President & CEO, retained their independence from the Corporation….

Five-Year Financial Summary

…      Investment income $ 3,088 $ 2,898 $ 2,302 $ 1,968 $ 2,094 Other income – 3 – 3 3 Administrative Assessment 6,000 6,000 6,000 6,000 4,000  …