AXA Insurance Revamps its Term Lineup

All the troubles lie on his shoulder by Rana Ossama
AXA has reduced its rates
and launched a loan
insurance program.
Photo by Rana Ossama

SSQ, Life Insurance Company Inc. has purchased AXA Life Insurance Inc., with the official date of the transfer being January 2012. SSQ Insurance Company Inc. is the new name chosen for the subsidiary.

AXA Insurance reduced its Term Life Insurance rates and launched a new loan insurance program.

Specifically, it reduced its Term Life Insurance rates in July of 2010, lowering its Term 10 premiums for insured persons age 50 and over.

AXA also offers Term 20, Term 70, and Term 100 products. In January 2011, the company was busy enhancing its credit insurance product known as Loan Insurance. It now offers both Term 30 and Term 35 coverage. Previously, its term plan only came in durations of 10, 15, 20, and 25 years.

"Our advisors receive many requests for longer terms," Sylvain Charbonneau, AXA's principal director of marketing and products, told the Insurance Journal in March 2011.

"Demand is highest for Term 20, Term 25, Term 30 and for insurance coverage mostly linked to mortgage loans.” Mr. Charbonneau also pointed out that this niche has the largest volume of premiums within that product line.

For more details on Term Life Insurance in Canada, please contact us at 1-866-899-4849 or visit our Term Life Insurance Instant Quote Page.

Call us: 1-866-899-4849

Name *
Phone *
Email
Your Date Of Birth
Amount of Coverage
Type
Comment
* Please Confirm Your Contact Details Are Correct

What Clients Say About LSM

life insurance testimonialsI work with LSM Insurance on the paramedical side of the industry. Quality Underwriting Services set...1 of 84Robbie GardnerRead more

Leave a Reply

 

Head Office: 2900 John Street Suite #302 Markham, L3R 5G3
Office 1-866-899-4849, 905.248.4849 Fax 905.300.4848


© LSM Insurance Services Ltd. 1998-2017




Translate »