If you are a Canadian citizen or resident and you purchased a policy from a member life and health insurance company, you are automatically protected by Assuris.

Assuris’ protection applies to all individual and group products issued by our member companies. The guaranteed levels of protection by product benefit are as follows:

Assuris’ protection is applied to the covered person under each policy.

Death Benefit

A death benefit is the guaranteed amount payable to your beneficiary upon your passing. The most common types of products that pay a death benefit are term life, universal life, and whole life policies.

Health Expense

A health expense benefit is the guaranteed amount reimbursed to you under your health and critical illness policies. The most common types of products that pay a health expense benefit include critical illness, supplementary medical and travel insurance policies.

Monthly Income

A monthly income benefit is any income you receive on a regular basis. The most common types of products that pay a monthly income are annuities, Registered Retirement Income Funds (RRIFs), disability and long-term care policies.

Cash Value

A cash value benefit is the amount you receive from the tax-sheltered savings built into your policy. It is also the amount you receive if you surrender your policy. The most common types of products that offer a cash value benefit include universal and whole life policies.

Accumulated Value

An accumulated value benefit is a savings investment account that grows over time, including any interest earned. The most common types of products that offer an accumulated value benefit include accumulation annuities, universal life overflow accounts, and whole life dividend deposit accounts.

Segregated Fund Guarantee

A segregated fund provides a guarantee on your investment while it accumulates value by investing in capital securities such as stocks and bonds.