Life and Health Insurance

REMINDER –Term life news

RATE REDUCTIONS ON TERM 20 AND TERM PLUS 20

Did you have a chance to look at our Term 20 and Term Plus 20 rates? Effective February 24, 2015, rate reductions apply to all insurance amounts for ages 35 to 55 (non-smoker and smoker, standard class). Reductions on Term Plus 20 apply to level insurance amounts only.

Our Term 20 life insurance products offer your clients a flexible and affordable solution to cover their personal, business or loan insurance needs.

For more details, refer to the following summary documents:

• Term Plus – At a glance
• Term life – At a glance

 

NEW EXCHANGE PROGRAM

Your Term 10 clients may now benefit from an exchange option to a Term 20 coverage or even a Term 70 coverage for those looking for longer term protection.

Discover our new Term Exchange Program.

 

PREVIOUS UNIVERSAL LIFE PRODUCT (UL INVESTMENT): New level T100 cost of insurance option with increasing death benefit now available to in-force policies

We would like to remind you that policyowners that hold a UL Investment policy (previous universal life product) now have the privilege to change their cost of insurance to a level T100 option with an increasing death benefit. It is therefore possible to change from a YRT, YRT 85/20 or T20-YRT cost of insurance to a level T100 cost of insurance, within the same product, by completing the “Policy change without evidence of insurability” (FIND0116A) form. You must also submit an in-force universal life illustration along with the request. To obtain an in-force universal life illustration, please contact your sales office.

Please note that UL Investment is no longer available for new sales and it is not possible to add a level T100 cost of insurance coverage to an existing policy; only the option to change the cost of insurance type is available.

 

NEW INSURANCE APPLICATION AND NEW POLICY CHANGE WITHOUT EVIDENCE OF INSURABILITY FORM

A new version 2015-02 of the insurance application (FIND0035A) and a new version of the policy change without evidence of insurability (FIND0116A) form are available. A few updates have been made to these forms; however, you may continue using the previous versions (2014-10).

 

For more information regarding these changes, please contact your SSQ representative.