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Equitable Life Insurance Company policies
Pluses
1. They have very competitive prices on their Term 10 and Term 20 plans, especially in higher face amounts.
2. Their Universal Life policies have a wide variety of investment options and cost of insurance options.
Minuses:
1. They do not offer Disability Insurance.
2. They do not offer a Term 30 policy.
Back to Equitable Life Insurance Company
Equitable Life Insurance Company of Canada News
Equitable Life of Canada’s Life Insurance Policies
11/15/2011Equitable Life has perhaps the highest conversion period in the industry. Photo by Andy Rennie. Equitable Life of Canada offers a full range of term life and permanent life insurance policies. Equitable Life's term insurance lineup includes a 10-year term and a 20-year term policy. These plans are guaranteed renewable up to age 85 and [...]
Life Insurance: Costco and Manulife Financial
09/13/2011Costco offers a term life insurance plan. Photo by Greenwenvy08 Costco offers term life insurance policies underwritten by Manulife Financial that are available to Costco Members. They can purchase policies with face amounts of $50,000 to $500,000 in multiples of $25,000. Examples: A 45-year-old, female non-smoker can get $150,000 of supplemental life insurance for $24.36 [...]
Critical Illness Plan for Children
09/04/2011Equitable Life is now offering insurance for children. Photo by wester Equitable Life recently revamped its Equiliving Critical Illness Plan. On July 25th, Equitable Life made its critical illness product available to children. Children between the ages of 30 days and 17 years can now be insured against five childhood illnesses and disabilities, including Type [...]
50 Plus Life Insurance
08/24/2011People 50 and older can still get life insurance. Photo by Lin Mei Life insurance for people 50-years-old and older can range in cost greatly from company to company. Insured can choose between term policies, which start off lower in cost and increase as the insured ages, and permanent policies, where the premiums are initially [...]
Equitable Life Announces Improvements to Equiliving Critical Illness Product
07/25/2011Equitable Life now offers Critical Illness for Children as part of their Equiliving policy. Photo by Ted Bongiovanni Equitable Life has announced improvements to their Equiliving Critical Illness Policy as of July 25. Now, policyholders will enjoy an increase of 15% to the payout of the Early Detection Benefit to a new maximum of $50,000. [...]
Affordable But High Quality Term Life Insurance Policies in Canada
07/19/2011Life insurance Companies that offer high quality at affordable rates. Photo by Duckie Monster LSM Insurance works with over 15 different carriers and offers terms on life insurance ranging from five years to age 100. The following is a list of the top Term Life insurance carriers in Canada for a 50-year-old male, non-smoker applying [...]
Equitable Life Universal Life Insurance Solutions
06/07/2011A number of universal life plans are available from Equitable Life. Photo by Drew Herron Equitable Life offers two very unique Universal Life solutions. Their Equation Generation IV offers a traditional universal life plan for clients who want a low-cost permanent life insurance solution. Yet, unlike other plans, it comes with a tax-deferred investment component. [...]
Comparing 10, 15, and 20-Year Term Insurance Rates
05/15/2011Think about how long you need insurance when considering a term plan. Photo by Doug Sheffer Term insurance policies provide level premiums for a stated term. As a rule of thumb, the longer the term, the higher the initial premium. The reason is that the insurance company carries a greater risk because you have a [...]
Term 100 Policies in Canada are Under Pricing Pressure
04/24/2011The number of Term 100 options in Canada is dropping. Photo by Joshua Williams Term 100 policies provide lifetime protection and fixed premiums. Most of these policies do not have a cash value. However, some Term 100 policies do have a guaranteed cash value available in the later policy years. These policies are generally described [...]
Equitable Life Participating Whole Life Insurance: Equimax
04/19/2011Get cash values and dividend values with Equimax. Photo by Duckie Monster Equitable Life offers a Participating Whole Life policy called Equimax. Participating Whole Life insurance offers guaranteed cash values and dividend values. This differs from Non-Participating Whole Life policies, which just offer guaranteed values. The following are five benefits of an Equitable Life Participating [...]
Understanding Decreasing Term Life Insurance
02/22/2011Learn about decreasing term. Photo by Joshua Williams Most term life insurance policies sold in Canada are level-term plans, meaning that the premiums are fixed for a stated term and the coverage is also fixed for that term. By contrast, decreasing term life insurance policies have a level premium for the stated term, but the [...]
Term Life Insurance Update: Equitable Life Lowers Rates
01/10/2011Equitable Life has lowered the rates on their Term 10 and Term 20 polices effective Jan 4th 2011. The rates are the lowest in Canada at many price points and the new rates are also reflected in all term riders available on their Universal Life, Whole Life, and Critical Illness products. For more details on [...]
Bank of Montreal’s Mortgage Life Insurance Policy
12/12/2010Mortgage Life Insurance is available from Bank of Montreal. Bank of Montreal Mortgage Life Insurance is available directly through the insured's lender. The policies cover the outstanding mortgage balance at the time of death, up to a maximum of $600,000. A maximum of two people can be covered under the policy and the policies are [...]
TD Insurance’s Business Credit Life Insurance
10/17/2010A look at TD's Business Credit Life Insurance. Photo by Lee Chisholm TD Insurance offers business credit life insurance to authorize borrowers who are Canadian residents are between age 18 to 69. The policy is available directly through TD Insurance's call center with the following features: 1) Applicants can get coverage of up to $500,000 [...]
Equitable Life Group Insurance Dental Benefits
10/16/2010What group benefits plan is right for your company? Equitable Life offers group insurance via its independent advisor network. Its group insurance benefits include the following services: life insurance accidental death and dismemberment health benefits dental benefits healthcare spending accounts online health and wellness resources and dental benefits. Their dental benefit portion of their plans [...]
Life Insurance in Canada: Smoker versus Non-Smoker Rates
09/13/2010Smoker by Valentin Ottone If you smoke and are looking to buy life insurance in Canada, you can expect to pay a much higher premium than a non-smoker. On Term policies the premiums can be more than double on permanent plans the difference in rates is less pronounced. The insurance definition of a smoker is [...]
Five Reasons to Deal with Equitable Life
08/05/2010Equitable Life has been offering life insurance solutions in Canada since 1920. They offer a variety of insurance and investment programs. The following are five of the benefits of dealing with Equitable Life: 1. They are the largest federally regulated mutual life insurance company in Canada, actively selling participating life insurance policies. 2. They [...]
A.M. Best Ratings for 2009-2010
04/23/2010Most credit scores of insurance companies are stable Photo by Balazs Gal A.M. Best is a credit rating company for the insurance and banking sectors. Consumers use it to assess the financial strength and credit worthiness of their lending institutions. The following are the ratings for March 2010 and the fourth quarter of 2009: AM [...]
Life Insurance Policy Fees
04/02/2010Don't let policy fees nickel and dime you by Garry Knight 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. [...]
Equitable reprices term plans
07/09/2008Equitable Life has reprised their 10- and 20-year renewable and convertible term plans to be more competitive in their target markets. They have also discontinued their term conversion credit program. Equitable Life will continue to honour conversion credits for previously issued policies. Lorne’s comments Equitable Life has lowered their already competitive rates for most age [...]
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why I can’t open http://www.equitable.ca recently?
Hi Shawn,
Thanks for the note but I can open this link. I have not heard of issues with the Equitable Life website. Regards … Lorne
what if the person is missing is equitable going to pay whole amount?
Hi Lyn,
Equitable Life or any other life insurance company will pay a claim upon proof (i.e a death certificate) verifying the person has passed away.
Regards,