An improvement that counts
Starting December 5, universal life policies with a yearly renewable term (YRT) cost of insurance will be
paid up from age 90.
This means that the cost of insurance will stop being charged on the policy anniversary once the insured person turns 90 (age at nearest birthday or attained age, depending on the product).
This change only applies to product lines offered prior to 2017 (excluding the current line).
This improvement is part of our proactive and caring approach, which aims to:
| Reduce long-term financial costs for loyal clients who have been with us for many years |
| Show our commitment to clients so they can keep their insurance |
| Support you with personalized solutions |
Your collaboration is key: plan your next follow-ups
This change represents a significant financial benefit for your clients. Here’s what we’re implementing:
| Age of clients | Planned communication | Points to remember |
|---|
| Age 90 and over | - In the coming months, we’ll send a personalized letter to announce that the cost of insurance will no longer be charged.
- You’ll receive a copy of the letter. It will also be available in
Client Documents.
- Deposits will be adjusted to reflect the end of the cost of insurance.
| Please read the letter so you can answer any questions from your clients. |
| Ages 85 to 89 | - A general letter will be sent in the coming months to announce that the cost of insurance will be ending at age 90.
- You’ll receive a copy of the letter. It will also be available in
Client Documents.
| These letters are informative. They explain that the change at age 90 will be a significant benefit.
This is the perfect time to review deposits. |
| Under age 85 | - No communications will be sent to clients before they turn 85, because they won’t see a change in the short term.
| Please share the good news with these clients at your earliest convenience. |
In 2026, we’ll provide you with a list of clients age 85 and over so you can better support them.
New illustrations available in Client Documents – T100 levelling option
As part of the cost of insurance levelling offer, 2 new illustrations (which factor in the end of the cost of insurance at age 90) are available:
- No change to deposits
- Increase in the minimum deposit required to keep the policy in force until the insured person turns 90 without changing the cost of one-year term insurance (T1)
Note: The illustration we provided in August—which includes the cost of insurance levelling—is valid until the insured person’s next birthday.
If you would like more information about exclusions or have any questions, refer to the
FAQ.
Coming in 2026
This initiative reflects our commitment to provide practical solutions that help you manage this type of insurance.
Stay tuned for more initiatives in 2026!
Questions?
Contact our Business Development Team – Insurance.
