Life Insurance Policy Fees
Unity Life of Canada joined the Foresters family in April 2008 and as of Jan 23 2012 changed their name to Foresters Life Insurance Company.
Life insurance policy fees are a built-in fee, which covers the administration of the policy. The fee is hidden within the premium, but can be found with the policy document.
The following is a summary of term 10 policy fees charged by Canadian insures. It should be note that some companies offered a reduce fee on subsequent policies if the insured already has a plan – also many insurance companies offer multi life plans, where a husband and wife or multiple business partners can be covered under one plan – in this instance only the first insured is charged a policy fee:
Assumption Life - $60 La Capitale - $30
AXA - $75 Manulife - $57
BMO Insurance - $75 Primerica - $85
Canada Life - $20 RBC Insurance - $40
Cooperator - $75 Standard Life - $65
Desjardin - $50 Sun Life - $65
Empire Life - $60 Transamerica - $50
Equitable Life - $50 UL Mutual - $100
Great West Life - $20 Unity Life - $100
Industrial Alliance - $60 Wawanesa Life - $65