Of course, a lot of people feel that if it walks like a duck, looks like a duck, and quacks like a duck, it must be a duck!

Here's a fragment of an article which calls Award Guard/Privilege Flyer by the name "insurance"...........

http://www.benefitscanada.com/Conten...99/ben186.html

High flying

With all the turbulence in the Canadian airline industry, you might want to consider taking out insurance for your frequent flyer points.

Privilege Flyer is a U.S.-based company that specializes in insurance for members of frequent flyer plans, including Canadians. The insurance, called AwardGuard, is designed to protect unused miles, points or rewards in the event that an airline goes out of business.

If an airline goes out of business and its frequent flyer program isn't taken over by another plan, Privilege Flyer can purchase up to $15,000 worth of replacement tickets. The insurance costs US$119 for one year or $214 for two years. Take a trip to the Web site at www.privilegeflyer.com.