Dividend Information

Dividend Notice

Dividend scale for July 1, 2026

The Equitable Life Insurance Company of Canada (Equitable®) is pleased to announce that its Board of Directors has approved continuing the current dividend scale for the period of July 1, 2026, to June 30, 2027. During this period:

  • The interest rate we use to decide for the dividend scale will stay at 6.40%.
  • Other factors used to decide the dividend scale will remain the same.
  • The interest rate for participating whole life insurance policies with dividends on deposit will stay at 3.50%.
  • The interest rate for most policy loans will remain at 6.50%.
    • This applies to both new and existing policy loans, and automatic premium loans. It specifically applies to Equimax® policies with a 9-digit policy number that starts with either "3" or "8".
    • Older policies may have different loan rates as they are based on the prime interest rate.

We expect to pay close to $223 million in dividends between July 1, 2026, and the end of June 2027.

As a participating policyholder, you may get some of the participating fund earnings as dividends.

Each year, we look at how much the participating fund earned. We use a formula called a dividend scale to figure out how much of the earnings can be paid as dividends. From that, we determine the dividend payment. If a dividend is declared, it will be paid towards your policy.

Many factors, like the death benefits we paid and how our investments did, can affect the earnings of the participating fund. These affect how much is paid as dividends. Each year, we make sure the dividend scale reflects how all these things affect the participating fund.

How do I get dividends?

You pay your premiums for your policy. Your premiums go into Equitable’s traditional participating account. Benefits, expenses, and the Equitable’s contributions to its surplus account are all paid from the participating account. The cash that’s left gets invested into the participating fund.

Each year, we watch how the participating fund performs. We look at investments and other factors that affect the fund. These include death benefits, taxes, expenses, policy loans, and terminated policies. All these things can change how the fund is doing. We compare how we thought each of these factors might perform over the year to the real results. If results were better or worse than we thought for a factor, this can have a positive or negative effect on the dividend paid.

Dividends are not guaranteed. They could change and be different based on how well the investments do, how many claims are made, and other factors. Dividends are paid at the sole discretion of the Board of Directors. How much you are paid will depend on the dividend scale.

The illustration given to you when you bought your participating whole life policy was based on the dividend scale at that time. It was not a projection or an estimate of future performance. It was meant to show that performance is based on some values that are guaranteed and others that are not. An illustration shows how a policy would do if the dividend scale in the illustration stayed the same for the life of the policy. The illustration also shows other examples of dividend scales that can affect non-guaranteed values. It is not meant to show the largest dividend scale change that could happen during the life of your policy.

Want to know more?

Explore Whole Life products

You may also contact your advisor or reach out to us anytime by phone or email.
Phone: 1-800-668-4095
Email: clientcarecentre@equitable.ca

About Equitable

At Equitable we believe in the power of together. This guides how we focus on our clients. It’s how we support advisors and give back to our communities. Partnered with advisors, we offer insurance, investments and group benefit solutions to help our clients protect today and prepare tomorrow. We believe the world is better when we work together.

Thank you for trusting Equitable to help you protect what matters most.

TOGETHER – Protecting today – Preparing for tomorrow™

As a mutual we provide financial security differently by focusing exclusively on our clients.

® and ™ denote trademarks of The Equitable Life Insurance Company of Canada.