We are pleased to announce that we lowered premiums on 4 of our term life insurance products since April 24th, 2021.
Coverage | Amounts of Insurance Impacted | Term 10 | $500,000 and over | Term 30 | All | Term to 65 | All | Universal Life Term 10 | $500,000 and 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 January 2020, and our offer is still very competitive.
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| | 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. |
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Advantages of our term life insurance
- Exchange option (for 10-year and 20-year coverage only; can be valuable in those budget crunch situations)
- Conversion options- plenty of permanent life options available with various payment plans.
- Association option
- Complimentary assistance services on all products since June 2018
- Point of Sale (Immediate approvals) eligible for $499 999 or less coverage
Multi-coverage discount
Keep in mind that our term life insurance products are eligible for the multi-coverage discount (MCD). This special discount means your clients can get a lower rate if they sign up for at least 2 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! The savings can be as high at 40%, dependent upon age, face amounts and products chosen. Ask me more!
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