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Estate enhancer 20 Pay

Participating life insurance is a permanent coverage that can generates dividends, and cash sums that enhance the basic life insurance amount. The Estate enhancer product option available under participating life insurance maximizes the long term death benefit. It is the ideal solution for clients looking at estate protection, as well as for optimizing the cash surrender value within a 20 year term.

Your clients have the freedom to choose how they use their dividends earnings. They can increase their coverage, reduce their annual premium or benefit from cash payments.

Additional Deposit Option (ADO) : A flexible, tax-efficient solution that works for you and your clients

Available with paid-up additions (PUAs) and enhanced insurance dividend options

Features

Primary characteristics

  • Maximized dividends based on continued growth
  • 5 dividend options
  • Paid-up premiums as early as the 20th year
  • Paid-up complementary coverage in 20 years (except for the life insurance – children)
  • Guaranteed cash surrender value on the basic insurance - available, but not guaranteed on insurance bought with Paid-up Additions (PUAs).
  • Guaranteed reduced paid-up insurance on the basic insurance
  • Eligible for conversion without providing evidence of insurability for the following dividend options: Annual Premium Reduction, Cash Payment and Dividends on Deposit

Cash surrender values

Upon termination of the coverage, your client can be refunded either a portion of the paid premiums or more.

Fiche produit

Issue age (age nearest)
  • 0 to 75 years

Amount of insurance
  • Minimum: $10,000
  • Maximum: $10,000,000*


The insured amount is fixed and guaranteed.

Rate bands
  • $10,000 to $24,999
  • $25,000 to $49,999
  • $50,000 to $99,999
  • $100,000 to $249,999
  • $250,000 to $499,999
  • $500,000 to $999,999
  • $1,000,000+

Premiums
  • Level, guaranteed and payable in 20 years.

Policy fee
  • $40/year or $3.60/month

Cash surrender value
  • Guaranteed on the basic insurance
  • Available, but not guaranteed on the insurance bought with paid-up additions (PUAs)

End of coverage
  • On death of the insured

Reduced paid-up insurance
  • Applicable on the basic insurance

Insured life options
  • Individual
  • Joint first-to-die (2 to 5 insureds)
  • Joint last-to-die (2 insureds)
  • Joint last-to-die, paid-up at first death (2 insureds)

Dividend options
  • Paid-up additions (PUAs)
  • Enhanced insurance
  • Annual premium reduction
  • Cash payment
  • Dividends on deposit

Consult the Dividends section for all the details.

Calculating dividends and projections

Consult the Dividends section for all the details.

Premium offset
  • Available on all options except for the annual premium reduction. It is not guaranteed nor contractual, since it depends on the granted dividends.

Additional Deposit Option

Additional Deposit Option is available:

  • When a new policy is issued
  • On the anniversary of an in-force policy
  • When a right is exercised (for example, when using a conversion, insurability or association option, a guaranteed insurability benefit or business insurability coverage

Conditions may apply. For more details, see the Additional Deposit Option page and the Add or change Additional Deposit Option section.

Eligibility of conversions
  • Yes

Except from group insurance

Policy withdrawals
  • Yes

Automatic non-forfeiture option
  • Yes, automatic premium loan in the event of non-payment

Insurability privilege
  • Yes, with joint first-to-die coverage

Sales material

To order, complete and submit the marketing supply requisition form.

To order materials, use the email template available in "My shortcuts" on your Windows desktop.