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 lifetimeThe 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 businessThis 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:
Refer to the
Commission Schedule for more information on commissions for all insurance products.
Refer to the
Commission Schedule for more information on commissions for all insurance products.
For more information, see the
dedicated page on this topic.
Actuarial Services and Insurance Solutions