Empire Life’s Optimax III

Posted on April 24, 2009 and updated February 24, 2012 in Empire Life Insurance Company, Life Insurance Canada News 2 min read
Limora logo

Empire Life’s Optimax III is product is capitalizing on Canadians renewed enthusiasm for simple guaranteed life insurance products. Whole Life sales as reported by Limra International were up by 13% in 2008.

empire life

Optimax is a traditional Whole Life plan available on a Single, Multi-Life or Joint Life basis. Face Amounts can be as low as $5,000 and the coverage is available to insured’s age 0 to 85. The plan offers two premium choices:

  • Optimax 100 – premiums payable to age 100.

  • Optimax 20 Pay – Premiums payable for 20 years then fully paid up coverage for life.

The policy also has a full range of additional benefits:

  • Disability Waiver

  • Guaranteed Insurability

  • Accidental Death and Dismemberment

  • Children’s Life and Critical Illness Rider

One quirk in the policy for children taking out a plan. At age 18 the insured has to submit a declaration stating they have not used tobacco or nicotine products (including marijuana) for the 12 proceeding months to get the plan reduced to a non smoker rate.

As with all Empire Life Term and Whole Life plans if another immediate family member has a policy there will a reduced administered fee of $30 a year.

Please feel free to visit our Whole Life Instant Quote Page or contact me directly at 1.866.899.4849 and we can design a plan for your particular situation.

avatar