1 Millennium universal life insurance Permanent protection that can change with you
2 Millennium universal life insurance Over the years, you ve worked hard to build the lifestyle you enjoy today. You ve made decisions that meet your investment style and financial objectives. At Canada Life, we haven t forgotten the whole point of financial planning: to provide you and your family with the security to enjoy life to the fullest. Canada Life s Millennium universal life insurance combines permanent life insurance protection with the opportunity to accumulate tax-advantaged savings for you and your beneficiaries. In fact, it may be the only insurance policy you ll ever need.
3 Do I really need life insurance? Most people do. Life insurance helps to create security for you and your family. When you die, life insurance can: Pay final expenses and any debts you may have Provide an income for your family Ensure your family has the resources to maintain a comfortable standard of living Pay taxes owing on your estate, so more of your estate is transferred to your children and grandchildren Leave a legacy to your favourite charity While you are still living, it can: Build tax-advantaged savings, which you can draw upon as needed for personal and business opportunities Supplement your retirement income Provide funds for long-term care and home care However you look at it, Millennium universal life insurance is a valuable part of your financial plan.
4 Permanent protection that can change with you Flexibility Millennium may be the only life insurance policy you will ever need; because as your family, business and individual needs change, it has the flexibility to change with you. It offers versatile, permanent life insurance protection with a tax-advantaged savings component. Because it s flexible, it allows you to customize your insurance coverage to fit your lifestyle, budget and financial goals. Tax-advantaged savings The total account value in your Millennium policy grows on a tax-advantaged basis. In addition to this, you can enjoy the advantages of the Millennium Accumulator option, which can be used to maintain your life insurance coverage while maximizing tax-advantaged savings. The insurance proceeds paid to your beneficiary upon your death are tax-free and may include the total account value you have been accumulating over the years. Choose your style of interest options Choose Millennium with client bonus or without: Millennium with client bonus enhances the interest crediting rate, based on the amount of money you invest in the second policy year, and regardless of funding levels beginning in the 10th policy year. Millennium without client bonus has lower interest option fees associated with the interest options. For a comparison of Millennium interest option fees, see the Millennium universal life daily, monthly and historical returns report on You can also use Canada Life s Millennium universal life insurance risk profile questionnaire to help you select interest options that match your risk and return goals. You can create a mix of interest options individual to you or use one of our five profile options to give you the level of risk and diversification you are seeking, without the need for daily management.
5 Cost of your protection Part of the premium you pay into your Millennium policy covers the cost of the insurance protection. This includes the cost for the primary and additional lives insured, as well as any optional benefits you select. Life insurance costs generally increase with an individual s age. Millennium allows you to manage this increase with five cost of insurance options. Limited-pay cost of insurance The limited-pay cost of insurance option offers a set cost of insurance period (10, 15 or 20 years), guaranteed for the duration of the coverage. It provides guaranteed cash values starting at the fifth coverage anniversary. This coverage, and therefore the guaranteed cash value, can be reduced to the level appropriate for your coverage amount and duration. As long as you pay the required charges during the required period (10, 15 or 20 years), the associated death benefit amount is guaranteed. If you pay additional premiums over the required charges or after your pay period has ended, your death benefit includes the guaranteed death benefit and the total account value. Annually increasing cost of insurance The annually increasing cost of insurance increases as your age increases, but the rate schedule is guaranteed for the duration of the coverage. It starts out lower in the early years, allowing you to accumulate more of your premium in your chosen interest options and to accelerate the growth in your total account value in the early years.
6 Level cost of insurance The guaranteed level cost of insurance rate is locked in for the duration of the coverage. It allows you to spread your insurance costs evenly over the life of the policy. Change cost of insurance options Changing from annually increasing cost of insurance or level cost of insurance to limited-pay cost of insurance You can switch your cost of insurance option from annually increasing or level to limitedpay whenever you want, subject to the rules and limits in your contract. Changing from annually increasing cost of insurance to level cost of insurance You can switch your cost of insurance option from annually increasing to level whenever you want, subject to the rules and limits in your contract, to level out your insurance costs. At the time of the switch, then current rates for the insured s attained age apply. Your advisor can help you select the cost of insurance option or combination of options that best suits your needs.
7 Millennium offers a choice of two types of protection Level death benefit The level death benefit pays your beneficiary either the insurance face amount or the total account value, whichever is larger. In both cases, the payment is reduced by any indebtedness to Canada Life (e.g., under a policy loan). As your total account value increases, that value becomes a larger portion of your death benefit, reducing the insurance component and, therefore, the cost of your insurance coverage. If at any time your total account value decreases, due to a decrease in the mutual funds used as an index, your insurance coverage increases, as does the associated cost, to maintain your level death benefit. This benefit is ideal if your insurance needs aren t likely to increase. It s also flexible if you want to maximize your total account value in the early years and either reduce the cost of insurance or plan to change to the coverage plus death benefit option and level cost of insurance in the future. resulting in a death benefit that grows over time. Although your coverage can increase, there is no change in how your cost of insurance charges are determined. Consider this option when your insurance needs are likely to increase, or if your objective is to accumulate tax-advantaged savings and you plan to use level or limited-pay cost of insurance. A comparison Level death benefit Death benefit Total account value Insurance amount Coverage plus death benefit Coverage plus death benefit The coverage plus death benefit pays your beneficiary the insurance amount plus the total account value. The payment is reduced by any indebtedness to Canada Life (e.g., under a policy loan). As your total account value grows, it s added to your life insurance coverage, rather than reducing your insurance cost, Death benefit Total account value Insurance amount
8 Adjust your protection as your needs change Millennium lets you change your coverage to reflect your changing needs. Some changes may require evidence of insurability, such as: Increasing your insurance amount Changing from the level death benefit to the coverage plus death benefit Adding a benefit or rider Insure more than one individual Multiple lives benefit You can insure up to five additional lives under your Millennium policy, each with its own permanent life insurance coverage and the possibility of a separate beneficiary. You can remove one or more of these lives and add new lives in their place (with evidence of insurability) at any time. You can structure your multiple lives coverage in a way that is most appropriate to your situation. Joint coverages The following assumes two lives jointly insured. More than two lives may be possible, subject to additional underwriting. Joint first-to-die This coverage covers two people and provides a death benefit on the first death of the lives insured. The survivor has the option to purchase insurance in an equal amount, based on his or her attained age at that time, without evidence of insurability. Consider this coverage when insuring a debt such as a mortgage or a loan, or for providing income replacement. Joint last-to-die This coverage covers two people and provides a death benefit on the last death of the lives insured. It s often used for estate preservation, such as providing cash to cover the taxes on capital gains and other taxes that arise at death on RRSPs, RRIFs and property. For eligible joint last-to-die coverages, Canada Life also offers a benefit on first death option, which allows a beneficiary to receive a portion of the policy s existing total account value upon the first death of the lives insured. Change from joint first-to-die to joint last-to-die You have the option to change your joint first-to-die policy to joint last-to-die for annually increasing and level cost of insurance options. In addition, at the time you change your coverage to a joint-last-to-die policy, you may elect a percentage of your total account value to be paid on the first death of an insured. Alternatively you can change your joint first-todie coverage to two single life coverages, each for 50 per cent of the net amount at risk. As your needs change, from covering debts and providing income protection to estate planning, your insurance coverage can change too. It's easy and it can be very cost effective.
9 Survivor benefit for joint first-to die Millennium s survivor benefit option allows the surviving life insured on a joint first-to-die coverage to purchase a new Millennium policy within 60 days at attained age, without evidence of insurability. This benefit also automatically provides temporary coverage on the life of the survivor, equal to the net amount at risk of the coverage, for up to 60 days. Exchange a joint first-to-die policy to two single life policies Without providing evidence of insurability, two lives under a joint first-to-die policy (annually increasing or level cost of insurance) have the option to exchange to two new single life policies. Each insured can keep up to half the joint coverage amount (net amount at risk) of the original joint coverage. The exchange can be made for any reason before year five, after which exchanges are allowed within 60 days of legal separation or partnership dissolution. The new single life coverage can be added to an existing policy or to a new non-par permanent policy offered at the time the exchange is completed.
10 Expense charges and fees A guaranteed expense charge of $10 is deducted from your policy each month. If you chose to invest in a variable interest option, an interest option fee is also deducted from the returns of the variable interest options. The $10 expense charge ends when the cost of insurance charges for the guaranteed cost of insurance duration chosen for the limited-pay cost of insurance (10, 15 or 20 years), or to age nearest 100 for annually increasing or level cost of insurance options, have been paid on the base coverage for the primary insured. Premiums Millennium allows you to choose the amount of premium you wish to pay, within the minimum and maximum premium defined in the contract. The maximum premium is set to keep the policy exempt from taxation. It changes from year to year. The minimum premium is set based on your age, gender and smoking status. As your total account value accumulates, you may have the flexibility to reduce or suspend out-of-pocket premium payments without jeopardizing your insurance coverage. However, in the future, depending on the interest earned and the level of the total account value in your policy, you may be required to resume out-of-pocket premium payments.
11 Premium tax Provincial premium tax is deducted from each premium and lump-sum payment before the payment is credited to the policy s total account value. While premium tax is not deducted from funds credited to the Millennium Account, it is deducted from transfers from the Millennium Account to the policy. This tax varies by province. Premium allocation After the applicable provincial premium tax is deducted, your premium is allocated to the interest options you select, according to percentages you stipulate. You may also make lump-sum premium payments into your policy at any time. There are no other charges applied to the premium before it is allocated to your chosen interest option. The cost of insurance, premiums for riders and other benefits, and the monthly expense charge are drawn every month from your total account value, in accordance with the withdrawal provisions of your policy and the administrative processing order. For withdrawals from a similar group of accounts, our current practice is to make withdrawals on a pro-rated basis, according to the current dollar value of each interest option. This means that if the value of one of your interest options declines in a particular month, the proportion of the deduction from that option decreases as well. Your policy has specific provisions covering what happens should the total account value be insufficient to cover the required monthly deductions. Premium paying period Premiums can be paid for the entire life of the policy. The limited-pay cost of insurance option guarantees the amount of the cost of insurance charges for the chosen period, as long as the investment option chosen is a guaranteed interest option. If the premium paying period isn t monthly, and the investment option chosen is variable, and returns are negative, you may need to pay additional premiums to fund the cost of insurance charges. During the limitedpay cost of insurance period, you have the option to pay premiums in excess of the amount required for the limited-pay cost of insurance. After the cost of insurance period ends, you have the option to continue to pay premiums. Both of these actions enhance the taxadvantaged cash accumulation in the investment component and, therefore, increase the death benefit under the coverage plus death benefit option. Millennium Account Canada Life may monitor your premium payments as part of its overall efforts to help ensure that your policy remains exempt from accrual taxation. If you wish to pay a premium in excess of the maximum premium allowable for your policy, and if Canada Life is aware that the premium is in excess, Canada Life deposits this excess directly into the Millennium Account, a premium account that is separate from your insurance policy and provided under a separate contract.
12 The funds in your Millennium Account can be invested at a daily interest or five-year guaranteed interest rate. Since the Millennium Account is separate from the insurance policy, any interest income generated by these investments is fully taxable. Canada Life transfers funds from your Millennium Account to your policy to accelerate the growth of your tax-advantaged total account value, provided these payments do not cause the maximum premium allowable for your policy to be exceeded, based on the current tax legislation and its rules for exemption from accrual taxation. Millennium Accumulator additional tax advantages Millennium is designed to ensure that any growth of the policy s total account value remains exempt from accrual taxation under current legislation. If you wish to maximize your tax-advantaged savings, you can add the Millennium Accumulator option. This provides for adjustments to your insurance amount that allow you to enhance the tax-advantaged accumulation within your life insurance policy. The Millennium Accumulator may automatically increase your policy s insurance component by as much as eight per cent each year to maintain your policy s tax-exempt status. You can elect to have it also decrease your insurance amount, when appropriate, to reduce the cost of insurance charges and enhance the accumulation in your total account value. Client bonus Millennium is available with client bonus and without. Policyowners who select Millennium with client bonus are eligible to receive two kinds of interest bonuses: Guaranteed bonus. Starting in policy year 10, a guaranteed bonus enhances your policy s interest crediting rate on the funds within the total account value. The annual bonus rate is 0.6 per cent from policy years 10 to 24 and 0.96 per cent every year thereafter. The bonus is guaranteed to be paid regardless of how your policy s interest options perform. Funding bonus. In addition to the guaranteed bonus, you may receive a funding bonus of up to 0.96 per cent of your total account value. This can begin as early as policy year two, if you are making significant premium payments to your policy, or if your total account value exceeds certain minimum thresholds. The dollar amount of the guaranteed and funding bonuses is not guaranteed, as your policy total account value will fluctuate. The client bonuses do not apply to funds held in the Millennium Account. Your advisor can help you decide which version of Millennium you should choose with client bonus or without. Millennium without client bonus has lower interest option fees.
13 Interest options Millennium offers you a diverse selection of interest options. You can develop an interest option mix to suit your investment objectives and your risk tolerance. When selecting your interest options, you should consider the volatility of each interest option. Choose from the following interest options currently available with Millennium. Daily interest option This earns daily interest that is credited monthly. continues to compound at the guaranteed rate until the end of the term selected. When the guaranteed interest option matures, the principal and interest are reinvested automatically in the same guaranteed interest option type and duration. The minimum amount required to establish a guaranteed interest option is $25. Current minimum interest rate guarantees can be found at under universal life insurance rates and values. Guaranteed interest options Compound interest guaranteed interest option. This earns interest daily on the balance in the guaranteed interest option at the guaranteed interest rate until the end of the term. The compound interest guaranteed interest option offers a choice of one-, three-, five- or 10-year terms, and the interest earned is reinvested within the account, where it
14 Market value adjustment A market value adjustment may apply on any cash withdrawal or surrender from the policy. Market value adjustments apply only when the guaranteed interest option has been elected and current interest rates for similar terms have increased. Transfers from the guaranteed interest option made by Canada Life to pay the cost of insurance charges and plan fees, or to maintain the tax-exempt status of your policy, are not subject to a market value adjustment. Variable interest options Returns credited on variable interest options follow the returns from widely recognized investment market indices and mutual funds. The index-linked and fund-linked variable interest options credit interest each business day, at a rate based on daily changes to the underlying investment market index or the underlying mutual fund, after deducting an administration fee. The return on any day may be positive or negative. If the interest credited is negative, the balance in that interest option will be reduced. The performance of variable interest options with a foreign element, such as the Global Equity and American Equity options, is directly affected by the value of Canadian currency relative to the currencies measured in the indices. A declining Canadian dollar enhances returns, while an escalating dollar has the opposite effect. Profile options Complete Canada Life s Millennium universal life insurance risk profile questionnaire, which asks about the amount of investment risk you re comfortable with and helps balance it with your financial objectives and circumstances. Based on your responses,
15 it suggests a Millennium profile option, ranging from conservative to aggressive, designed to help you achieve your goals. For more information on Millennium s interest options, refer to Canada Life s Millennium universal life interest options folder or under universal life insurance rates and values. Adjust your interest options as your needs change As the policyowner, you decide how you want to apply your money. As your objectives change over time, you can change your mix of interest options or transfer funds within your policy as often as you like. A market value adjustment may apply to funds transferred out of a guaranteed interest option before the end of the guarantee period. Access your policy account value Withdrawals You may take a partial withdrawal of cash from your policy at any time, providing sufficient funds remain in the cash surrender value to keep the policy inforce and cover any applicable surrender charges and policy loans. If you have more than one interest option, you must give Canada Life written direction for which account the withdrawal should be taken from. The minimum withdrawal is $500. If you withdraw cash from a policy with a level death benefit option, your death benefit decreases by the amount of the total account value reduction. A market value adjustment may apply to funds withdrawn from a guaranteed interest option before the end of the interest guarantee period. A taxable policy gain that you have to report may arise for the year of withdrawal. Policy loans You may take a policy loan at any time, providing sufficient funds remain in the cash surrender value to keep the policy inforce and to cover any applicable surrender charges. When the limited-pay cost of insurance option is selected, and there is a guaranteed cash value, policy loans are available on that guaranteed cash value, if the total account value has been used up. The minimum policy loan is $500. The loan is subject to a loan interest rate, which is set each policy anniversary by Canada Life. The loaned portion continues to earn interest, based on the performance of the interest option from which the loan was taken. Because market fluctuations may adversely affect your policy s total account value, Canada Life limits the amount in your variable interest options available for loan to 75 per cent of the value in these options. All or a portion of a policy loan may be taxable, depending on the adjusted cost basis of the policy when the loan is taken. Policy loan amounts that were taxed when taken may be deductible when repaid. Policy loan repayments may be made at any time.
16 Surrender If you choose to surrender your Millennium policy, Canada Life deducts a market value adjustment (if applicable) and any outstanding loan balances from your total account value. If you surrender your policy during the first nine policy years, Canada Life deducts a surrender charge as defined in the contract. You then receive the balance, known as the cash surrender value. A taxable policy gain may be reported for the year of surrender. No surrender charges apply for the limited-pay cost of insurance option. Customize your coverage with benefits and riders Millennium is flexible permanent insurance protection. It offers a broad range of benefits that can be added or removed as your needs change. Disability lump-sum benefit If you become totally disabled, as defined in the contract, this benefit is paid from a portion of the unloaned cash surrender value excluding guaranteed cash values minus six monthly deductions. This provision applies only to the primary or joint life insureds named in the policy. There are no cost of insurance charges for this benefit. Simply Preferred TM term life insurance riders The Simply Preferred term life insurance riders provide low-cost additional term insurance protection to age 85. Premiums renew automatically every 10 or 20 years. Term 10 and term 20 riders may be converted to a permanent plan, up to the later of age nearest 70 or two years after the coverage issue date. These riders offer preferred risk rates for face amounts of $250,000 and greater if you qualify. You save the policy fee and you increase the tax-advantaged amount within the whole policy. Child s term life insurance rider The Child s term life insurance rider provides term insurance protection on the children in your immediate family for a set annual premium. The amount of this coverage increases four per cent every year, and additional children are automatically insured 15 days after their birth. The coverage may be converted to a permanent or term plan for up to $250,000 coverage for each child when he or she reaches a specified age. LifeAdvance and Child LifeAdvance critical illness riders The LifeAdvance critical illness rider and the Child LifeAdvance critical illness riders provide a lump-sum payment after the diagnosis by a doctor of any one of several conditions defined in the contract.
17 Automatic payment benefit on disability The automatic payment benefit on disability provides that Canada Life pays a specified amount into your policy, determined at the time of application, if you become totally disabled as defined in the contract. If the insured is a minor, and the automatic payment benefit on disability is on the parent, a specified amount is deposited into the policy until the insured child s 25th birthday. Automatic payment benefit on death The automatic payment benefit on death provides that Canada Life pays a specified amount into your policy, determined at the time of application, if a joint insured or premium payor dies. If the insured is a minor, and the automatic payment benefit on death is on the parent, a specified amount is deposited into the policy until the insured child s 25th birthday. Accidental death benefit The accidental death benefit provides that the beneficiary receives an additional death benefit in addition to the original base insurance amount, if the death of the covered insured occurs by accidental means as defined in the contract. Guaranteed insurability rider The guaranteed insurability rider allows you to purchase additional amounts of permanent insurance, at specified option dates, without providing any medical evidence of insurability. You (depending on issue age) can get up to $1,200,000 additional coverage in the future without providing medical evidence.
18 Business growth protection rider (10 or 15 years) The business growth protection rider gives business owners the option to purchase additional life insurance coverage at attained age to protect their business, without providing additional medical evidence of insurability. This rider is designed to make it easier for business owners to increase their insurance when the value of their business grows. Track your policy s progress Canada Life sends you an annual statement detailing the status of your policy. This statement tells you what interest options your money is invested in and how it is performing. The total account value of your life insurance policy is also detailed in your annual statement, along with a summary of your insurance coverage. Your advisor can help you review your coverage requirements and mix of interest options on a regular basis to ensure that Millennium continues to meet your long-term goals and changing circumstances. Glossary of insurance terms Adjusted cost base (ACB) The total of the premiums you have paid, less the cumulative cost of pure insurance over the years, less all monthly charges for additional benefits and riders that are not for life insurance, less any charges for substandard ratings, less any policy loans taken in the past, less any withdrawals taken in the past, plus any policy gains in the past. Beneficiary The persons named by the policyowner to receive the death benefit when a life insured dies. Cash surrender value Your total account value minus any applicable surrender charges, indebtedness (e.g., a policy loan) and market value adjustments. This is the amount you receive if you cancel your policy. Cost of insurance (COI) The cost of insuring a particular individual for a certain coverage. It s based on the amount of coverage, the underwriting class, age, gender and tobacco consumption of that individual, as well as the type of cost of insurance chosen. Death benefit The total amount paid tax-free to the beneficiary on the death of a life insured. The death benefit may include the investment component that you have been accumulating.
19 Evidence of insurability Evidence submitted to Canada Life that is used to determine whether an individual is eligible for the insurance coverage applied for on that individual. Expense charge A fixed amount of $10 deducted from the policy s total account value every month to cover administrative costs. This amount is guaranteed never to increase for the life of the policy. Interest option One of several accounts to which your premiums may be credited within your life insurance policy. Life insured The persons insured under the terms of the life insurance policy. Policy The contract document issued to you by Canada Life that stipulates the terms and conditions of your coverage. Policyowner The person who owns and holds all rights under the policy, including the power to name and change beneficiaries, obtain a policy loan, assign the policy to a financial institution as collateral for a loan, withdraw funds or surrender the policy for its cash surrender value. Premium The amount that you pay into the policy to maintain your insurance coverage and your investments. Total account value The sum of all the balances credited to the interest options in your policy, including interest. It doesn t include any guaranteed cash value from a limited-pay cost of insurance coverage. Whom do I call for service? Your advisor. As your insurance and investment needs change over time, regular reviews of your coverage with your financial advisor help keep your Millennium policy on track with your objectives. You may want to keep this guide with your policy as a handy reference. You can also call Canada Life directly at CLA A client service representative will answer your questions and resolve any service issues you might have. Why Canada Life? The Canada Life Assurance Company provides insurance and wealth management products and services. Founded in 1847, Canada Life was Canada s first domestic life insurance company. Twenty years prior to Confederation, Canada Life began serving the needs of the people that inhabited the land that would become Canada. Over 160 years later, through offices from coast to coast, Canada s first domestic life insurance company continues to provide Canadians and their families with financial protection. Canada Life is a subsidiary of The Great-West Life Assurance Company and a member of the Power Financial Corporation group of companies. Visit our website at
20 In Quebec, advisor refers to a financial security advisor for individual insurance and segregated fund policies; and to an advisor in group insurance/annuity plans for group products. WHILE EVERY EFFORT HAS BEEN MADE TO ENSURE THE ACCURACY OF THE INFORMATION IN THIS GUIDE AT THE DATE OF PRINTING, SOME ERRORS AND OMISSIONS MAY OCCUR. IN THE EVENT OF A DISCREPANCY THE TERMS OF THE CONTRACT WILL PREVAIL. Helping people achieve more Canada Life and design, Helping people achieve more and "Simply Preferred" and LifeAdvance are trademarks of The Canada Life Assurance Company. 556 CAN 1/12)
UNIVERSAL LIFE INSURANCE Flexible permanent protection A solution to your financial security needs and goals Universal life insurance from London Life At London Life, we create products to help you meet
10, 15, 20-year options Making it simple. Planning your future with guarantees. G R E AT- W E S T L I F E U N I V E R S A L L I F E I N S U R A N C E Limited-pay cost of insurance Making it simple Great-West
Life insurance solutions for business owners Life insurance solutions for business owners What s the best life insurance for business owners? It depends on where you see yourself in the future and at which
Your guide to London Life term life insurance C o v e r a g e t h a t c a n c h a n g e w i t h y o u Term life insurance from London Life London Life term life insurance enables you to buy the protection
Your guide to Canada Life s participating life insurance Estate Achiever Wealth Achiever This guide provides an overview of key features of participating life insurance products offered by Canada Life.
Your guide to participating life insurance SUN PAR PROTECTOR SUN PAR ACCUMULATOR Participate in your brighter future with Sun Life Financial. Participating life insurance is a powerful tool that protects
plain talk about life insurance The right life insurance can have an enormous effect on your life and the lives of those you love. It can mean the difference between leaving your loved ones well positioned
plaintalk about life insurance The right life insurance protection can have an enormous effect on your life and the lives of those you love. It can mean the difference between leaving your loved ones well
Participating life insurance Wealth Achiever Estate Achiever advisor guide Stability, accountability & strength What s new May 2011 New riders for Wealth Achiever and Estate Achiever max 20 Simply Preferred
PLAIN TALK about LIFE INSURANCE Having the right life insurance protection can have an enormous effect on your life and the lives of those you love. A proper financial security plan can mean the difference
Term life insurance from Great-West Life Cost-effective, flexible and convertible coverage It s about your needs Convert to a longer term If you elect a term 10 life insurance policy, you can convert to
Your guide to Great-West Life Participating life insurance This guide provides a high-level overview of key features of Great-West Life participating life insurance. After you review this guide, talk with
Wealth Achiever participating life insurance illustration Max 20 Canada Life's permanent participating life insurance gives you a foundation of basic cash value that is guaranteed, tax-advantaged growth,
Page 1 of 44 Equimax Participating Whole Life Advisor s Guide to Product Administration Rules and Guidelines October 2015 Prepared by: Individual Life & Health Product Development & Marketing Page 2 of
your guide to EQUATION GENERATION IV equation gen IV CLIENT GUIDE ABOUT EQUITABLE LIFE OF CANADA Equitable Life is the largest federally regulated mutual life insurance company in Canada. For generations
ADVISOR USE ONLY Life Insurance Portfolio AT A GLANCE SUN LIFE FINANCIAL SunTerm Sun Limited Pay Life SunUniversalLife and SunUniversalLife Max Sun Par Protector Sun Par Accumulator You can meet your clients
FOUNDATIONAL LIFE FOUNDATIONAL LIFE Representative Guide Contents What is Foundational Life insurance?............................. 3 Why is it Unique?...................................................
Life insurance solutions isn t static, neither is your business Protect life Corporate collateral loan strategy Increase your business cash flow with corporately owned life insurance from Canada Life Business
Your guide to London Life participating life insurance Value, strength and choice What you ll learn from this guide This guide, combined with professional advice from your financial security advisor, helps
YOUR GUIDE TO EQUILIFE LIMITED PAY UNIVERSAL LIFE equilife CLIENT GUIDE ABOUT EQUITABLE LIFE OF CANADA Equitable Life is one of Canada s largest mutual life insurance companies. For generations we ve provided
OPTIMAX PRODUCT GUIDE Permanent Participating Life Insurance The future begins today FOR ADVISOR USE ONLY HIGHLIGHTS Premium Options Optimax 100 Optimax 20 Pay Coverage Options Single Joint First or Second
Life insurance Permanent ADVISOR USE ONLY SunUniversalLife Advisor guide What s inside product overview cost of insurance death benefit options joint and multiple life coverages investment accounts taxation
4794-00A-MAR15 Product Brochure ParPlus & ParPlus Junior Assumption Life, one of the few remaining mutual life insurance companies in Canada, is proud to offer its latest participating life insurance products
EQUATION GENERATION IV UNIVERSAL LIFE equation gen IV ADVISOR GUIDE ABOUT EQUITABLE LIFE OF CANADA Equitable Life is one of Canada s largest mutual life insurance companies. For generations we ve provided
Continuing Education for Advisors knowledge continuing training educate online awareness participate Participating life insurance Learning objectives By the end of this course you will be able to: Explain
North America Company s Indexed Universal Life Portfolio North American Company s Builder IUL Series plans are indexed universal life insurance products that offer the guarantees and flexibility of universal
SunTerm Client Guide A PRACTICAL GUIDE TO HELPING YOU ACHIEVE A LIFETIME OF FINANCIAL SECURITY Life s brighter under the sun SunTerm can be your first step toward achieving lifetime financial security!
Attributes Standard Preferred Death Benefit Structure Level Amount Level Amount Level Amount Premiums Payable all, increasing at 10 yr. renewals Premiums Payable all, increasing at 10 yr. renewals Level
Destiny a guide for clients 1 For those who prefer choice over chance Destiny is universal life insurance that provides a broad spectrum of choices to protect your life, your investments, and your business.
ESTATEMAX PRODUCT GUIDE Permanent Participating Life Insurance Planning Your Future FOR ADVISOR USE ONLY HIGHLIGHTS Premium Options EstateMax 100 EstateMax 20 Pay Coverage Options Single Life Joint First
APPENDIX 4 - LIFE INSURANCE POLICIES PREMIUMS, RESERVES AND TAX TREATMENT Topics in this section include: 1.0 Types of Life Insurance 1.1 Term insurance 1.2 Type of protection 1.3 Premium calculation for
HARTFORD LEADERS VUL LEGACY Preserve your legacy with variable universal life insurance Client: Jack Age: 42 Estimated net worth: $750,000 Profession: Warehouse manager His story: Married, three children
Just the facts about New York Life... Variable Universal Life Accumulator Issuing company Issue ages 0-80 New York Life Insurance and Annuity Corporation (NYLIAC), A Delaware Corporation, a wholly owned
Responsible leveraging A wealth creation strategy What is leveraging? Borrowing to invest is a wealth-building strategy that has been used for thousands of years. The financial term for borrowing to invest
Lifefirst Level Term Life Insurance 0-, 0-, 5- and 0-year guaranteed level term life insurance. Convertability Built-in Benefits Level (reduced by loan or Critical Illness Rider benefits paid) Prior to
DEFINITIONS EquiLife Limited Pay UL (Joint first-to-die) The following are definitions of some of the terms used in your EquiLife Joint First-to-Die policy. If you need additional information or clarification
Equitable Life offers term plans, a participating whole life plan, a non-participating whole life plan and two universal life plans. This chart takes a closer look at and highlights some of the key differences
Freedom Global IUL II SM Freedom Index Universal Life II SM Index Universal Life Insurance Offered by WRL Agent Guide AG05113-01/12 Western Reserve Life Assurance Co. of Ohio Thank you for your interest
Just the facts about New York Life... Variable Universal Life Accumulator Plus Issuing company Issue ages 0-80 Minimum face amount New York Life Insurance and Annuity Corporation (NYLIAC), A Delaware Corporation,
Foundational Life a guide for Representatives 1 CONTENTS What is Foundational Life?............................. 4 Why is it Unique?................................... 4 How Does Foundational Life Work?......................
CONTINUE YOUR CONNECTION TO THE NEXT GENERATION Pacific Life Insurance Company PACIFIC SELECT SURVIVORSHIP VUL Flexible premium last survivor variable universal life insurance with indexed options CLIENT
Pacific Life Insurance Company Versa-Flex NLG Flexible Premium Universal Life Insurance Client Guide Guaranteed Protection for an Evolving Legacy VFNLG-1E VERSA-FLEX NLG As Your Life Changes, Your Life
ADVISOR USE ONLY 1 Impact of 217 tax changes on life insurance THE DETAILS Life insurance provides protection, but some policies also allow clients to accumulate savings on a tax-preferred basis. The Income
Discover What s Possible Guaranteed Choice SM Whole Life for Business Guaranteed Choice SM for Business Owners Whole Life There is comfort in predictability There s a certain comfort that comes with knowing
QUICK NOTES SUPPLEMENTAL STUDY GUIDE NEW JERSEY A REVIEW SUPPLEMENT FOR THE NEW JERSEY LIFE, ACCIDENT & HEALTH STATE LICENSING EXAM (April 2016 Edition) What is Insurance Schools Quick Notes Supplemental
Accumulator Variable Universal Life Variable Product Series Building your future with a secure partner SM Kansas City Life Insurance Company Century II Accumulator Variable Universal Life Features at a
Upside potential with downside protection. ConsecoLifeOptions SM indexed universal life insurance Freedom Choices Flexibility Conseco Insurance Company A life and health insurance company CL-LO-CB ConsecoLifeOptions
Guaranteed Protection Universal Life Discover What s Possible Guaranteed Protection Universal Life Peace of mind for you, protection for your heirs As the center of a sound financial plan, permanent life
FOR YOUR FAMILY Your partner or loved ones will face many decisions upon your death. We hope this brochure makes it easier for them to make those decisions then and easier for you to talk with them about
WRL Financial Foundation IUL SM Index Universal Life Insurance Agent Guide AG06113-07/13 Western Reserve Life Assurance Co. of Ohio Thank you for your interest in the WRL Financial Foundation IUL offered
CURRICULUM LLQP MODULE: DURATION OF THE EXAM: 75 minutes - NUMBER OF QUESTIONS: 30 questions Competency: Recommend individual and group life insurance products adapted to the client s needs and situation
Participating life insurance Wealth Achiever Estate Achiever Canada Life offers two participating life insurance products from which to choose: Wealth Achiever and Estate Achiever. Both combine the strength
Shedding light on Life insurance a practical guide to helping you achieve a lifetime of financial security Learn more about: Safeguarding your loved ones Protecting your future Ensuring your dreams live
CONTINUE YOUR CONNECTION TO THE NEXT GENERATION Pacific Life Insurance Company PACIFIC SELECT SURVIVORSHIP VUL Flexible premium last survivor variable universal life insurance with indexed options CLIENT
Plain talk about life insurance Questions Do you need life insurance? How much life insurance do you need? What are the different types of life insurance you can buy? What is the right type of life insurance
Discover What s Possible Accumulation Builder Choice SM IUL for Business Accumulation Builder Choice SM Indexed Universal Life for Business Owners Building your path to success As a small business owner,
TIAA-CREF Life Insurance Company Flexible protection to help meet a lifetime of needs Intelligent Life Universal Life Insurance and Intelligent Life Survivorship Universal Life Insurance Designed to meet
Your insurance policy Policy ST000000E on the life of James Doe RBC Life Insurance Company agrees to pay benefits in accordance with the terms and conditions of this policy for losses occurring while this
> The Role of Insurance in Wealth Planning Tax-sheltered investing using life insurance A S S A N T E E S T A T E A N D I N S U R A N C E S E R V I C E S I N C. Tax-sheltered investing using life insurance
Retirement Enhancer A tax-efficient way to enhance your retirement income using universal life insurance Will you have enough retirement income to fulfil your dreams? Today, many of us are living longer
TERM INSURANCE FOR ADVISOR USE ONLY ABOUT EQUITABLE LIFE OF CANADA Equitable Life is one of Canada s largest mutual life insurance companies. For generations we ve provided policyholders with sound financial
A Technical Guide for Individuals The Whole Story Understanding the features and benefits of whole life insurance Insurance Strategies Contents 1 Insurance for Your Lifetime 3 How Does Whole Life Insurance
TAX, RETIREMENT & ESTATE PLANNING SERVICES A Guide to Leveraged Life Insurance WHAT YOU NEED TO KNOW BEFORE YOU LEVERAGE YOUR LIFE INSURANCE POLICY This guide provides information on leveraged life insurance.
Custom Guarantee Universal Life Insurance with a Death Benefit Guarantee 1 Marketing Guide Marketing Custom Guarantee Uncertainty in life is guaranteed. No one can predict what changes may occur in his
An Educational Guide for Individuals Unlocking the value of whole life Whole life insurance as a financial asset Insurance Strategies Contents 3 Whole life insurance: A versatile financial asset 4 Providing
Introduction to Whole Life Insurance John Perre Regional Life Sales Manager Agenda Introduction to Equitable Life Stock company VS a mutual company Benefits of dealing with a Mutual Company Introduction
Consumer Guide This guide must be presented along with an index annuity consumer guide. AG Lifetime Income Builder SM optional living benefit rider Build a financially strong retirement with AG Lifetime
Accessing the Cash Values in Your RBC Insurance Universal Life Plan Learn the advantages and disadvantages of the three ways you can access your money Contents: Three ways to access your Cash Values...............................
A guide to InnoVision Universal Life THE MANUFACTURERS LIFE INSURANCE COMPANY InnoVision insurance that fits your life Your decision to buy life insurance is a responsible choice made to protect the future
Universal Life Insurance Wealth Protection, Accumulation and Transfer International Insurance for Individuals Prepare For Your Future Today! Introducing Sagicor s International Universal Life Insurance
WHY RENT WHEN YOU CAN OWN? A COMPARISON OF TERM & PERMANENT LIFE INSURANCE This guide helps you understand the differences between term and permanent coverage by comparing them to renting versus owning
Canada life segregated Funds Lifetime income benefit Guarantee your income for life Grow income don t allow it to decrease Financial strength and stability Canada Life, founded in 1847, was Canada s first
Success Strategy Life Insurance in Retirement Planning Plus Life insurance protection is the foundation of a family s future, providing cash to: replace income for surviving family, pay off family debt,
Introducing Tax-Free Savings Accounts Tax-Free Savings Accounts A new way to save Tax-free savings accounts were introduced by the federal government in the 2008 budget as an incentive for Canadians to
TERMSelect Term Insurance adaptable for life. You re thinking about insurance protection now, for your family or your business. You need to know that the coverage you buy today can adapt to the changes
Discover What s Possible Guaranteed Choice SM Whole Life Guaranteed Choice SM Whole Life for Individuals and Families There is comfort in predictability There s a certain comfort that comes with knowing
Nationwide YourLife Current Assumption UL Sales guide Help your clients take a step toward a stronger financial future. Reasonably priced permanent life insurance with the potential for growth. FOR INSURANCE