Who Guarantees Annuities? 
In Canada , Assuris is the not for profit organization that protects policyholders should their insurance company fail . All insurance companies in Canada are required to be members . Here is a overview of the coverage : For accumulation annuities , if your insurance company fails , your accumulation annuity policy -LRB- GIA for example -RRB- will be transferred to a solvent company . Assuris guarantees that you will retain 100 % of the accumulated value up to $ 100,000 . For payout annuities , if your insurance company fails , your payout annuity policy will be transferred to a solvent company . Assuris guaranteed that you will retain $ 2,000 per month or 85 % of the promised monthly income , whichever is higher . Full details of coverage can be found at www.assuris.ca If you have further questions , or feel that I could be assistance , please do not hesitate to contact me . 