For the cash surrender value, what is the maximum guaranteed amount under Assuris?

The maximum guaranteed amount for cash surrender value under Assuris is set at $60,000 or 85% of the accumulated value, whichever is higher. Assuris, the organization that protects Canadian policyholders in the event of an insurance company default, provides specific coverage limits to ensure that policyholders remain protected to some extent. This coverage is designed to ensure that even if an insurance provider faces financial difficulties, policyholders can reclaim at least a portion of the value they’ve built up in their policies.

Thus, the correct answer indicates that the rules implemented by Assuris create a safety net for policyholders, allowing them to receive a substantial return without losing all their accumulated value. The other options do not align with Assuris' specific parameters regarding maximum guarantees, making this choice the most accurate in the context of the question asked.