Do you have life and health insurance? Did you know that you're covered by Assuris if your policy has been underwritten by Desjardins Financial Security or another CompCorp member?
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 death benefits (up to $200,000); cash value, accumulated value and health expenses (up to $100,000, respectively); and monthly income (up to $2,000). 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 or 416-777-2344 in the Toronto area. The organization can also be contacted at e-mail address info@assurisca.
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!
