SSQ Insurance Announces Premium Increases

Posted on March 4, 2013 and updated March 21, 2018 in Canadian Life Insurance Companies, Insurance Types, Life Insurance Canada News, Permanent Insurance 1 min read

Due to the persistent low interest rate environment and the volatility of financial markets, SSQ Insurance has announced that, effective March 1, 2013, premium rates on Whole Life 20, Whole Life 100, and Term 100 plans have increased. 

The average increase ranges from 9 per cent to 17 per cent. However, you still may be able to take advantage of the old premium rates if you buy from SSQ Insurance now and act quickly. This is because all applications signed prior to March 1, 2013, and received at SSQ Insurance’s offices by no later than March 8, 2013, will be eligible for current premium rates. However, for all applications signed on March 1, 2013, onwards, new premium and commission rates will apply.

Please note that no exceptions will be made. 

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