Known for being simple and affordable, term products are very popular options. We are constantly adapting them to the market evolution to remain more competitive and attractive.
We are therefore pleased to announce that these term life insurance products’ rates will be lowered further. The average and maximum possible rate reductions are as follows:
|Products||Decrease average ||Decrease maximum |
|Term 10||-1.9% ||-15.3%|
|Term 20||-1.4% ||-10.2%|
|Term 30||-3.9% ||-10.5%|
|Term 65||-4.0% ||-12.6%|
|Universal Life Term 10||-1.8% ||-15.1%|
|Universal Life Term 20||-1.4% ||-9.9%|
This product line is perfect for meeting predetermined financial needs to cover a person's financial obligations following their death.
Depending on certain factors, such as the person's age, the capital to be insured and the product selected,
this rate decrease may be lower or higher.
Dated October 4, 2022
|Female NS, age 40||$250,000||$500,000||$1,000,000||# of companies|
|Male NS, age 40||$250,000||$500,000||$1,000,000||# of companies|
We can be proud to be the ranked
1st on the market in several categories!
Would you like to offer a low rate to your clients for our term life insurance products*? You can thanks to the Multi-Coverage Discount, an excellent option for covering all their needs and staying on budget!
By purchasing at least 2 eligible insurance coverage products on the same policy and at the same time, they will get the following benefits:
* Term universal life insurance isn't eligible for the Multi-Coverage Discount.
Refer to the quick
reference document for more information.
Applications still under review at the time of the change will automatically benefit from a better rate.
Other advantages of our term products
Conversion privilege: Term products can be converted into permanent products until the age of 70, without providing proof of insurability
Exchange option: certain temporary products may be replaced by longer-term temporary coverage.
Association option: individual coverage can be exchanged for joint coverage, which means adding other insurers, until the age of 70.