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New Competitive Term Life Insurance!
Submitted by Victoria on April 28, 2021 - 2:11pm
We are pleased to announce that we are loweringpremiums on4 of our term life insurance products starting April24th, 2021.
Coverage
Amounts of Insurance Impacted
Term 10
$500,000and over
Term 30
All
Term to 65
All
Universal Life Term 10
$500,000and over
The premium for 20-year term life insurance isn’t changing, but it’s still a great solution that will meet your clients’ needs. We lowered its premium in January2020, and our offer is still very competitive.
Market Position
Female Ns, Age 40
$250,000
$500,000
$1,000,000
No. Of Companies
Term 10
10*
4
2
18
Term 20
3*
3*
3*
17
Term 30
5
3
3
16
Term to 65
1
1
1
4
Male Ns, Age 40
$250,000
$500,000
$1,000,000
No. Of Companies
Term 10
11*
5
2
18
Term 20
3*
3*
3*
17
Term 30
5
3
3
16
Term to 65
1
1
1
4
*This amount of insurance will not be decreased.
Transition rules Applications that are under review when the rates change will automatically get the rate that is more beneficial for your client.
Advantages of our term life insurance
Exchange option (for 10-year and 20-year coverage only)
Conversion option
Association option
Free assistance services
Multi-coverage discount Keep in mind that our term life insurance products are eligible for the multi-coverage discount. This special discount means your clients can get a lower rate if they sign up for at least2 eligible insurance coverages on the same contract at the same time. It’s a great way for you to meet their needs and help them stay on budget!
