What is the minimum percentage guaranteed to be received in case of insurer bankruptcy, based on the provided text?

In the context of insurance in Canada, particularly relating to the bankruptcy of an insurer, policyholders are often provided with certain guarantees to protect their interests. The minimum percentage guaranteed to be received in the event of an insurer's bankruptcy is 85%. This percentage reflects the level of protection afforded to policyholders, emphasizing the regulatory measures in place to safeguard individuals' financial investments in life insurance policies. The intention behind establishing this minimum guarantee is to maintain confidence in the insurance industry and to provide a safety net for consumers who may otherwise face financial insecurity due to the failure of an insurance company. Understanding these guarantees is critical for insurance professionals as they explain the benefits and protections to their clients.