Do you have life and health insurance? Do you know that you're covered by Assuris if your policy has been underwritten by one of its members?

About Assuris

Previoulsy known as Canadian Life and Health Insurance Compensation Corporation (CompCorp), Assuris guarantees benefits in order to protect Canadians with policies issued in Canada by member companies. Assuris is to the life and health insurance industry what the Canada Deposit Insurance Corporation is to banks, trust companies and loan companies.

Benefits covered by Assuris include 85% of the promised death benefit or $200,000, whichever is higher; 85% of the accumulated value and health expenses or $60,000, whichever is higher; and 85% of the promised monthly income benefit or $2,000 per month, whichever is higher. This protection applies both to individual and group benefits arising from life and disability insurance, registered retirement savings plans, and so on.

Assuris also provides the services of a Consumer Assistance Centre. Further details on protection for insurance products may be obtained toll free at 1-866-878-1225. The organization can also be contacted at e-mail address info@assuris.ca.

If you're planning to buy a life or health insurance policy over the Internet or from some other source, it is vital that you verify the reputation and financial soundness or any company you're considering. Most importantly, don't forget to check if that company is a Assuris member. After all, your protection is at stake!