A unique product | 5 Pay PAR: A 5-pay participating life insurance policy

Actuarial and Insurance Solutions August 26, 2022

We know that a lot of clients are interested in participating life insurance products and want short payment periods.

We're proud to launch our latest innovation: 5 Pay PAR, participating whole life insurance payable in 5 years, available starting August 27. It's the only option of its kind on the market.


A simple, beneficial insurance product!

Target markets

  • Mass-affluent and high-net-worth clients
  • Business owners
  • Parents and grandparents
  • Professionals
  • Clients with estate planning needs

Advantages

5 Pay PAR is a simple product with:

  • Guaranteed premiums payable over just 5 years
  • Maximized dividends
  • High, guaranteed cash surrender values

It allows to meet a number of needs:

Preserving estate value and creating wealth on death
The value of the estate is protected by the insurance proceeds, which can used to pay taxes on death, thus maximizing the value of the estate.
The increase in the death benefit allows to leave more money for loved ones.
Accessing cash surrender values during lifetime
The policy’s growing cash surrender values could allow to:
  • Enhance retirement income*
  • Finance children’s or grandchildren’s post-secondary education*
  • Seize investment opportunities*
Protecting the business
This insurance allows to manage risks related to losing a key person in a company.
It offers the possibility of accessing the growing cash value of the policy to:
  • Finance development projects*
  • Enhance the retirement income of a shareholder or partner*

It also helps diversify the assets while minimizing tax liability.

Making a philanthropic donation to an organization
Increasing coverage allows to supplement the amount given to a charity to keep up with inflation, without affecting other estate planning goals.

*Tax consequences are to be expected

Dividend option

Lifetime guaranteed enhanced insurance is the only option available at the time of sale.

Illustration

Want to see an illustration? Look under the Participating Life Insurance tab:

Sales material

Updated documents are now available:

For more information, see the dedicated page on this topic.

For further information on 5 Pay Participating Whole Life Insurance,
register for the vodcast!

If you have any questions about this product, contact your regional sales director.


Actuarial Services and Insurance Solutions