{"id":291,"date":"2011-09-15T12:47:38","date_gmt":"2011-09-15T17:47:38","guid":{"rendered":"http:\/\/www.lifeannuities.com\/blog\/?p=291"},"modified":"2011-09-15T12:47:38","modified_gmt":"2011-09-15T17:47:38","slug":"what-is-the-protection-for-an-annuity","status":"publish","type":"post","link":"https:\/\/lifeannuities.com\/blog\/retirement\/what-is-the-protection-for-an-annuity","title":{"rendered":"What is the Protection For an Annuity?"},"content":{"rendered":"<p>Annuity payments are protected by <a href=\"http:\/\/www.assuris.ca\/\">Assuris<\/a>, a not for profit organization, which is structured to protect any life insurance policyholder in Canada.<\/p>\n<p><a href=\"http:\/\/www.lifeannuities.com\/blog\/wp-content\/uploads\/2011\/09\/iStock_000006001673Small.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-medium wp-image-293\" title=\"Annuity Protection\" src=\"http:\/\/www.lifeannuities.com\/blog\/wp-content\/uploads\/2011\/09\/iStock_000006001673Small-300x199.jpg\" alt=\"\" width=\"210\" height=\"139\" srcset=\"https:\/\/lifeannuities.com\/blog\/wp-content\/uploads\/2011\/09\/iStock_000006001673Small-300x199.jpg 300w, https:\/\/lifeannuities.com\/blog\/wp-content\/uploads\/2011\/09\/iStock_000006001673Small.jpg 849w\" sizes=\"auto, (max-width: 210px) 100vw, 210px\" \/><\/a>Each life insurance company in Canada, is required by provincial and federal regulations, to be a member. This protects all life insurance and life annuity holders against any loss of benefits by transferring their policies to another life insurance company.<\/p>\n<p><strong>Can I Trust Assuris?<\/strong><\/p>\n<p>Assuris maintains a Liquidity Fund of at least $100 million and member companies will be assessed to provide any further necessary funds to provide protection for all life insurance and life annuity policyholders.<\/p>\n<p><strong>What is the Dollar Limit of the Protection?<\/strong><\/p>\n<p>For an annuity, protection covers incomes up to $2000 a month, $6000 a quarter or $24,000 a year.<\/p>\n<p>Thus you should take a second or more annuities if the anticipated income exceeds this amount as otherwise only 85% of the total income is protected.<\/p>\n<p><strong>What if I take 2 or more Policies with One Company?<\/strong><\/p>\n<p>Your benefits are joined and will be treated as one policy, which is another reason to fly below the $2000 a month radar.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Annuity payments are protected by Assuris, a not for profit organization, which is structured to protect any life insurance policyholder[&#8230;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-291","post","type-post","status-publish","format-standard","hentry","category-retirement"],"_links":{"self":[{"href":"https:\/\/lifeannuities.com\/blog\/wp-json\/wp\/v2\/posts\/291","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lifeannuities.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lifeannuities.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lifeannuities.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lifeannuities.com\/blog\/wp-json\/wp\/v2\/comments?post=291"}],"version-history":[{"count":4,"href":"https:\/\/lifeannuities.com\/blog\/wp-json\/wp\/v2\/posts\/291\/revisions"}],"predecessor-version":[{"id":297,"href":"https:\/\/lifeannuities.com\/blog\/wp-json\/wp\/v2\/posts\/291\/revisions\/297"}],"wp:attachment":[{"href":"https:\/\/lifeannuities.com\/blog\/wp-json\/wp\/v2\/media?parent=291"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lifeannuities.com\/blog\/wp-json\/wp\/v2\/categories?post=291"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lifeannuities.com\/blog\/wp-json\/wp\/v2\/tags?post=291"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}