What happens to a segregated fund holder's investment in the event the insurer runs into financial difficulty
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Question:
What happens to a segregated fund holder's investment in the event the insurer runs into financial difficulty and becomes insolvent?
A.CDIC will guarantee up to $100,000 or 85% of the promised guarantee, whichever is lower.
B.Assuris will guarantee up to $60,000 or 85% of the promised guarantee, whichever is lower.
C.Assuris will guarantee up to $60,000 or 85% of the promised guarantee, whichever is higher.
D.CDIC will guarantee up to $100,000 or 85% of the promised guarantee, whichever is higher.
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