Empire Life’s Whole Life with five dividend options

Empire Life is one of the few life insurance companies in Canada to offer both participating and non-participating whole life policies.

Their non-participating Policy – the 20 Pay Solution – is fully guaranteed and very well priced. The plan is fully paid-up after 20 years, after which cash values are available by loan or surrender at any time. The one caveat is if the policy owner cancels his/her policy before its twentieth anniversary, the plan has no value.

Empire Life’s participating whole life policy has five dividend options: paid-up additions, premium reduction, dividend on deposit, withdraw as cash, and Extender Plus paid-up additions. The last option allows the insured to maximize the policy’s death benefit in the early years of the plan.

Both types of plan have a whole host of riders available, including term life, critical illness, accidental death benefit, and children’s term riders.

A 35-year-old male non smoker can take out $100,000 of Empire Life’s participating whole life plan for a premium of $205.65 a month. Based on the current dividend rates, which are not guaranteed, the plan has a cash value of $132,533 and a death benefit of $326,813 at age 65.


Hi, I am a 54 male non smoker. How much do I have pay for participating whole life policy.

Ronwy May
Ronwy May

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