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.
Recently my phone rang from a policyholder who had lost her life insurance policy and she wanted a duplicate policy. I explained that almost all life insurance carriers charge for producing a duplicate policy and most of the policy particulars can be obtained for free by requesting a policy summary from the insurance carrier. It should be noted that the policy document is not required at the time of claim.
The following is a list of what the different life insurance companies in Canada charge to produce a duplicate policy.
AIG – $50.00
AXA – $10.00
Canada Life – $100.00
Desjardins – $20.00
Empire Life – $25.00
(if the policy is under 10 years old, otherwise it is not available)
Equitable Life -$20.00
Industrial Alliance – $30.00
RBC Insurance – $25.00
(they may waive the charge if it is a recently issued policy)
Standard Life – $75.00
Transamerica Life – $50.00
Unity Life – $25.00
If you would like more information, please give me a call at 905.248.4849 to discuss your own situation.
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