If a life insurance company becomes insolvent, what is the maximum monthly disability income benefit guaranteed by Assuris?

Question: If a life insurance company becomes insolvent, what is the maximum monthly disability income benefit guaranteed by Assuris?

Answer options:

• 100% of the benefit. ✅ 85% of the monthly benefit or $2,000/month, whichever is higher.
• $1,000,000 total.
• 50% of the benefit up to $5,000/month.

Correct answer: 85% of the monthly benefit or $2,000/month, whichever is higher.

Explanation: Assuris provides protection for Canadian policyholders if their life insurance company fails. For 'Health' benefits (like monthly disability income), they guarantee 85% of the benefit or $2,000 per month, whichever is higher.