111. How Is My Whole Life Policy Cash Value Protected In Canada? Assuris

Wealth Without Bay Street EPISODE 111: Today on Wealth Without Baystreet, Richard and Jayson discuss how your whole life insurance policy cash value can be protected in Canada with Assuris. As Richard says Assuris is the insurance company for insurance companies. Join us as we take a look into what they do and how it can help you too.

IN THIS EPISODE, YOU WILL LEARN:

0:00 Introduction

1:28 Policyholder Protections in Canada

3:33 About Assuris

5:53 The Minimum Requirements

8:47 Non-Profit vs. Private Insurance Companies

9:59 LICAT Ratios

13:59 Regulations For Insurance Companies

19:42 Do They Meet Consumer Demand?

21:49 Business Model of an Insurance Company

26:04 Two Masters of Insurance Companies

ASSURIS Protection:http://assuris.ca/

Assuris Funding: https://assuris.ca/about-us/assuris-funding/

Assuris Past uses:https://assuris.ca/about-us/experts-in-protecting-policyholders/

LICAT – Capital Adequecy: https://www.osfi-bsif.gc.ca/Eng/fi-if/rg-ro/gdn-ort/gl-ld/Pages/LICAT19_index.aspx