Life Insurance Canada News:

News from 2008

B.C. covers acupuncture treatment

Low-income British Columbians can now receive some added pain relief as the B.C. government became the first in Canada to include registered acupuncturists under its Medical Services Plan premium-assistance program. About 963,500 British Columbians living in households earning a combined $28,000 or less a year - including welfare recipients, students, the disabled, and seniors - are covered by the supplementary benefit. The government estimates about two per cent of that population ...
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Unity Life adds universal life insurance

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. Unity Life of Canada, a Foresters Company, expands its product portfolio with the addition of Forester Passport Universal Life. This universal life product complements Unity Life's competitive term and solid permanent products and is available to Canadians nationwide through its extensive brokerage distribution network. "Forester Passport ...
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A Host of Term Life Riders

Desjardins Insurance is the fourth largest life insurance company in Canada in terms of policies written; they are the largest in Quebec. They employ both a captive and an independent sales force. Their Term 10 and Term 20 plans are offered with face amounts as low as $50,000, and the plans have a host of available riders, including disability insurance, accidental death or dismemberment coverage, accidental fracture coverage, coverage for the insured person’s spouse or children, ...
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Exchangeable without a medical

RBC Insurance, part of the RBC Financial Group, is a newcomer to the Canadian marketplace. Their Term 10 and Term 20 plans are renewable and convertible to any of their permanent policies. Both plans have a $100,000 minimum face amount, and the Term 10 plan is available to applicants aged 18 to 70 while the Term 20 plan is available to applicants aged 18 to 60. Both plans are renewable to age 80. RBC Insurance offers preferred rates for those who qualify on amounts over $250,000 -- ...
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Term benefits for large families

Empire Life’s Term 10 is available to applicants aged 18 to 75; their Term 20 plans are available for those 18 to 65. The plans are available on an individual or joint life basis, and are guaranteed renewable to age 100—Empire Life is one of the few insurance companies to offer this renewable feature. The plans also allow for a critical illness rider, accidental death benefit, children’s term rider, and children’s critical illness rider. The children’s ...
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Over Standard Life Riders

Standard Life offers a Term 10 and Term 20 insurance plan. The Term 10 plan is available to individuals aged 18 to 70, and the Term 20 plan is available to individuals aged 18 to 65. Both plans are renewable to age 85 and they are convertible up to age 65. The plans also allow you to add a wide selection of riders, including 10-year or 20-year term life riders, critical illness insurance rider, children’s life rider, and children’s enhanced protection rider, guaranteed ...
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Transamerica’s Turbo Terms

Transamerica Life offers a Term 10 and Term 20 plan. Their Term 10 plan is available to individuals from 0 to 70 of age, and their Term 20 plan is available to individuals ages 0 to 60. Both plans are available in face amounts from $50,000 to $10,000,000 –- amounts in excess of $10,000,000 are available on a special case basis. Both plans are also renewable to 80 and convertible up to age 65. Available riders include: children’s life rider, accidental death and dismemberment ...
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Equitable Whole Life with six dividend options

Equitable Life offers a very competitively priced participating whole life policy. 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. Equitable Life’s participating whole life policy has six dividend options: paid-up additions, premium reduction, dividend on deposit, premium reduction or paid in cash, ...
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Co-operating on Term 25

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. The Co-operators are a major supplier of property and casualty insurance in Canada. They also market term 10 and term 25 life insurance plans through their captive sales force. Both term plans are offered on an individual or joint life basis. Their term 10 is not very well priced at most age groups; however, they are one of the few ...
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Genesis: multiple options, competitive rates

Industrial Alliance Pacific and its parent company Industrial Alliance Insurance and Financial Services Inc. offer a universal life policy branded “Genesis.” Genesis is available with face amounts as low as $25,000 (or $300 per year annual premium) and issue ages from birth to age 85. This plan allows you to choose between multiple "Cost of Insurance" (COI) options, including an increasing COI which allows the applicant to focus on cash accumulation in the early ...
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