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Canada Life’s Achiever Whole Life plans

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Canada Life offers two participating whole life policies: Estate Achiever, which aims to maximize the insured’s estate, and Wealth Achiever, which focuses on cash accumulation.

Unlike non-participating whole life policies, participating whole life policies pay a dividend based on the profits of the company. They offer guaranteed premiums and lifetime protection, though the dividends are not guaranteed.

Both of Canada Life’s participating whole life policies have five dividend options: paid-up additions, premium reduction, dividend on deposit, premium reduction, and enhanced coverage.

The plan is available on single life, joint first-to-die, and joint last-to-die bases. The last-to-die policy, which is used for estate-planning purposes, pays a tax-free benefit on the death of the second spouse. The policy owner can also add a disability waiver of premium benefit or an accidental death benefit.

A 35-year-old male non smoker can take out $100,000 of Canada Life’s Wealth Achiever Life plan for a premium of $182.61 a month. Based on the current dividend rates, which are not guaranteed, the plan has a cash value of $119,915 and a death benefit of $260,514 at age 65.


  1. Bob 06/21/2010 at 7:35 pm

    I’m looking for a whole life insurance policy for my wife. I think a $ 10,000.00 policy would be sufficient.

    she is 41 years of age, non-smoker, non-drinker
    arrived in Canada May 4th 2010.

  2. LSM Insurance 06/22/2010 at 2:10 pm


    Thanks for the note – we are happy to help. I will send you a separate email now.

  3. Patrizia 04/12/2012 at 12:31 pm

    i am a female born 1966 and my husband born 1955 we r looking to buy life insurance non smokers wuld like to know witch is best coverage and at what cost

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