Travel Insurance

Product

Your travel insurance policy reimburses specified expenses as outlined in the policy that are incurred by the insured person when travelling and that are not covered by government programs. Your travel insurance policy is a health expense benefit.

Assuris Protection

If your life insurance company fails, Assuris will ensure that the coverage of your expenses under your travel insurance policy is protected.

  • Assuris guarantees that you will retain at least 85% of your travel insurance benefits under Assuris’ Health Expense protection. For policies that have a health expense of $60,000 or less, you will retain the full amount of your benefit.

Example 1

Reimbursed expenses under your travel insurance policy

$50,000
Expenses Incurred

In calculating your Assuris protection, you will retain up to $60,000 or 85% of your reimbursed expenses, whichever is higher.

Since the expenses incurred are less than $60,000, your reimbursed expenses are fully protected.

$50,000
Adjusted Benefit

Example 2

Reimbursed expenses under your travel insurance policy

$100,000
Expenses Incurred

In calculating your Assuris protection, you will retain up to $60,000 or 85% of your reimbursed expenses, whichever is higher.

Since the expenses incurred are more than $60,000, the 85% is applied to your reimbursed expenses.

$85,000
($100,000 × 85%)
Adjusted Benefit

Questions and Answers

What happens if you have more than one policy?

Each member company has separate Assuris protection. If you have more than one policy with the same member company, all similar benefits are added together before Assuris’ protection is applied.