1. Assuris Protecting your life insurance

2. Who is Assuris? Founded in 1990, Assuris is the not for profit corporation, funded by the life insurance industry, that protects Canadian policyholders against loss of benefits in the event that their life insurance company should fail.

3. Our Mission Assuris' mission is to mitigate the impact on Canadian policyholders of the financial failure of a life insurance company. We work in partnership with regulators on any necessary interventions, seeking to both minimize long-term costs and preserve consumer perceptions of industry strength

4. Who is a member of Assuris ? All life insurance companies who are authorized to sell insurance policies in Canada are required by the federal, provincial and territorial regulators to become a member of Assuris * The complete member list is available on www.assuris.ca

5. Why is Assuris Talking to You? If a life insurance company should fail financial advisors need to: –provide reassurance to their clients –understand Assuris protection Financial advisors are on the front line with policyholders

6. Dont sell the companies products? You will still be required to… Reassure your clients on –their policy; –the stability of the industry.

7. Assuris Responsibility to Advisors Assuris is committed to: Educate financial advisors on Assuris protection Provide appropriate sources of information –brochure –web site –Assuris Information Centre 1-866-878-1225 –info@assuris.ca

8. The Tidal Wave… aka Insolvency Good Standing Life Insurance Company All Aboard

9. Our Primary Role Protect Canadian policyholders from devastating financial loss Work with liquidator to protect the interests of policyholders Work in partnership with regulators

10. Our Secondary Role Minimize losses in an insolvency Preserve consumer perceptions of the strength of the industry –Confidence in the industry –Confidence in the Canadian financial system Provide a credible protection plan for Canadian policyholders

11. History of protecting policyholders 1992 - Les Coopérants Policyholders were fully protected 1994 - Confederation Life Policyholders were fully protected 1993 - Sovereign Life 96% of policyholders recovered 100% of their benefits Remaining 4% retained at least 90% of their benefits

12. In the Event of an Insolvency What do you tell your clients? Continue to pay their premiums The liquidator will contact them directly to inform them on how their respective benefits are protected by Assuris It is not necessary to file a claim with Assuris

13. The Assuris Promise For benefits unique to the life insurance industry Assuris guarantees that policyholders will recover at least 85% of their promised benefits

14. Assuris Protection Death Benefit$200,000 or 85% Health Expense $60,000 or 85% Monthly Income $2,000/mth or 85% Cash Values $60,000 or 85% For promised benefits that are below certain dollar values, Assuris provides 100% protection

15. Death Benefit Example Term Life Assuris Adjusted Example Sum Insured Protection Benefit Policy 1 $150,000 $200,000 $150,000 Policy 2 $1,000,000 85% $850,000

16. Policyholder Protection This applies to Accumulation Annuities and other deposit type products such as: Universal life overflow accounts Dividend deposit accounts Accumulated Value benefits are 100% protected by Assuris up to $100,000

17. Accumulated Value Example Deferred Annuity Assuris Adjusted Example Sum Insured Protection Benefit Policy 1 $75,000 $100,000 $75,000 Policy 2 $150,000 $100,000

18. Structure of Protection Products issued by a life insurance company may contain multiple benefits therefore Assuris coverage applies to product benefits Assuris protects: –Canadian citizens or residents –Policies in all currencies

19. Structure of Protection Benefits similar in nature All benefits similar in nature issued by the same life insurance company are added together –Individual and group –Registered and non-registered –Individual and group Tax Free Savings Account Individual and group Tax Free Savings Accounts invested in accumulation annuities are protected separately

20. Summary of Protection Individual Registered Individual Non- Registered Group Registered Group Non- Registered Individual Tax Free Savings Account Group Tax Free Savings Account Death Benefit XX Health Expense XX Monthly Income XXXX Cash Values XXXX Accumulated Values XXXXXX 85% 100%

21. For more information Assuris Information Centre 1-866-878-1225 Email info@assuris.ca Response within 24-48 hours Assuris Brochure Free of charge Available on our web site Contact Assuris Information Centre Email

22. For more information To receive regular updates on how your clients are protected Send us an email at info@assuris.cainfo@assuris.ca