Death Benefit


Health Expense


Monthly Income


Cash Values




whichever is higher

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 insurance benefits that you were promised. Insurance benefits include Death BenefitHealth ExpenseMonthly Income and Cash Value. 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.



Accumulated Value

Up to $100,000

Assuris is an independent not for profit, industry-funded compensation association founded in 1990.

Assuris is designated by the federal Minister of Finance under the Insurance Companies Act of Canada and recognized by the Autorité des marchés financiers (AMF) as the compensation body whose members are Quebec-chartered life insurers. Every life insurance company in Canada is required by the federal, provincial and territorial regulators, to become a member of Assuris.

If you are a Canadian citizen or resident and, you purchased a product from a member company in Canada, you are protected by Assuris.

If you have more than one policy with the failed company, you will need to add together all similar benefits under each policy before applying Assuris’ protection.

If your life insurance company fails, you will be informed on how your benefits are protected by Assuris. You do not need to apply for protection or file a claim with Assuris.