The following associated benefits and riders may be added to a life insurance policy.
An accidental death benefit pays an additional amount if the insured person dies in an accident.
If your life and health insurance company fails, Assuris guarantees that you will retain up to $1,000,000 or 90% of your accidental death benefit, whichever is higher.
$1,500,00
Accidental death benefit
Since your accidental death benefit is more than $1,000,000, you will retain 90% of your benefit amount.
$1,350,000
($1,500,00 × 90%)
Adjusted benefit amount
This example assumes that the death benefit has not been adjusted for the cash value.
An accidental dismemberment benefit pays an amount if the insured person loses the use of their limbs or their sight as detailed in each contract.
If your life and health insurance company fails, Assuris guarantees that you will retain up to $1,000,000 or 90% of your accidental dismemberments benefit, whichever is higher.
$500,000
Accidental
dismemberment benefit
Since your accidental dismemberment benefit is less than $1,000,000, you will your full benefit amount.
$500,000
Protected benefit amount
This example assumes that the death benefit has not been adjusted for the cash value.
A living benefit pays a portion of the death benefit if you become terminally ill.
If your life and health insurance company fails, Assuris guarantees that you will retain up to $1,000,000 or 90% of your living benefit, whichever is higher.
A term conversion allows you to convert your term life insurance policy to a permanent life insurance policy, regardless of the insured person’s health.
If your life and health insurance company fails, this right to convert to permanent life insurance continues, however, the benefit may be reduced.
$500,00
Original
benefit amount
Since your death benefit is less than $1,000,000, you will retain your full benefit amount.
$500,000
Protected benefit amount to be converted
This example assumes that the death benefit has not been adjusted for the cash value.
$1,500,00
Original
benefit amount
Since your death benefit is more than $1,000,000, Assuris guarantees that you will retain 90% of your benefit amount.
$1,350,000
($1,500,00 × 90%)
Adjusted benefit amount to be converted
This example assumes that the death benefit has not been adjusted for the cash value.
A disability waiver rider continues your coverage without having to pay your premiums if you are disabled and cannot earn an income.
If your life and health insurance company fails, Assuris guarantees that you will retain the original terms of your rider.
A disability income rider provides you with an income if you are disabled and unable to earn an income.
If your life and health insurance company fails, Assuris guarantees that you will retain up to $5,000/month or 90% of your disability income rider, whichever is higher.
A guaranteed insurability rider allows you to increase the death benefit without additional underwriting. This means that the insured will not be asked additional questions or for additional medical tests.
If your life and health insurance company fails, Assuris guarantees that you will retain the original terms of your rider.
A return of premium rider provides for a return of all or part of the premiums you have paid if you do not die during the term of the policy.
If your life and health insurance company fails, Assuris guarantees that you will retain up to $1,000,000 or 90% of your return of premium rider, whichever is higher.