Permanent Insurance:

News from 2010

Universal Life Insurance For High Net-Worth Individuals

Manulife Financial recently introduced a Universal Life plan, which is geared towards high net worth individuals. The plan is called UltraVision. It's a Universal Life plan with a yearly renewable time cost of insurance structure. The plan has a minimum $25,000 a year annual deposit for the first three policy years. One of the key differences is the cost of insurance charge. Most traditional yearly renewable Term Universal Life plans charge an annual insurance fee based on the ...
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RBC Insurance’s Universal Life Children’s Term Rider

RBC Insurance's Universal Life policy is available with a level or increased cost of insurance. Both versions have a Children's Term Rider, which is available to children ages 14 days to 20 years. Benefit amounts are $5,000 to $30,000 per child. The premium for the rider does not change when additional children are added. It's the same price whether one or a dozen children are added. (more…)
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Changes to the Rates on Manulife Financial’s Universal Life Policies

Manulife Financial will be raising the premiums on their Universal Life plans, Security Life, Innovision and Limited Pay Universal Life, between 5% to 25%. The change goes into effect December 4th, 2010. Manulife will also be increasing the rates on their Term 100 policy in March of 2010. Manulife will be keeping their Term Life rates and their non-participating whole life rates. For more details in Universal Life policies in Canada, please contact us at 1-866-899-4849 or visit ...
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La Capitale’s Non-Medical Whole Life Insurance Policy

La Capitale offers a Non-medical, Simplified Issue life insurance policy to applicants between the ages of 40 and 80. The policy face amounts can be between $2,500 and $25,000. The death benefit on the policy is limited in the first two policy years, in the event of a non-accidental death, to a return of premium plus 10% interest. The insured can qualify for automatic approval if he or she can answer "no" to the following four questions: (more…)
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Elisabeth Prosper: Whole Life Insurance Specialist

Elisabeth Prosper was born and grew up in Haiti before heading to France where she completed a Master Degree in Economics at the University of Aix-En Provence. Currently, she is a fully-licensed life insurance broker and as LSM Insurance's Whole Life Insurance specialist, Elisabeth can serve her clients in three different languages -- English, French and Creole. Whole life insurance, as the name implies, is insurance which provides coverage for the policyholder's entire ...
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Whole life Insurance Policies in Canada: Are They a Good Investment?

Whole Life insurance policies generally provide premiums, which are guaranteed to never increase, and lifetime protection. The initial premiums are much higher than most Universal Life or Term Life policies. The best way to determine if a Whole Life policy is a good investment, is to calculate the policy's internal rate-of-return. (otherwise known as its IRR) The IRR calculates the annual return of a given investment. Investors want to have the highest possible return of investments. ...
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Whole Life Insurance for Women

Women pay a much lower premium for Whole Life policies than men. The following looks at the top three carriers for $250,000 worth of Whole Life 20-Pay coverage, i.e. the insured is covered for life and the policy is paid-up after 20 policy years. (more…)
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RBC Insurance’s Universal Life 3.5% Minimum Guaranteed Return

RBC Insurance's Universal Life plan has a 10-year guaranteed investment option with a guaranteed rate of return of 3.5%. The 3.5% guaranteed minimum rate of return is now guaranteed for the life of the policy to any policyholder who select the 10-year guaranteed investment option. The 3.5% guaranteed rate-of-return is available on their Universal Life plan with and without a bonus interest option. Should interest rates increase in the future, the policy holder would have the ...
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Great West Life: Group Life Conversion Option

Great West Life is the largest provider of group plans in Canada. The group conversion feature allows the insured to convert without a medical to an individual life insurance policy. The conversion option generally must be exercised within 30 days of the insured's plan termination. Remember though, the maximum issue on the new policy is generally limited to the lesser of either $200,000 or two times the insured person's annual salary. Great West Life's group life conversion options ...
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BMO Insurances Universal Life Solutions: Life Provider

BMO Insurance’s Life Provider Universal Life plan has offers the following six key benefits: 1. Coverage is available with face amounts as low as $25,000. 2. There is a built-in re-balancing feature on Market Portfolio Index Accounts to keep investments aligned with the client's investment style. 3. Very competitive rates for males and females age 30 to 55 on face amounts from $50,000 to $250,000. (more…)
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