February 6, 2012 - Equitable Life of Canada has introduced two new plan
types to help Canadians meet their short or long-term insurance and
savings goals.
For those looking for higher long-term
value, Equimax Estate Builder™ is ideal for
estate planning and covering taxes and fees at death so their
estate passes intact to their heirs.
Equimax Wealth Accumulator™
provides higher early cash values within the first 20 years and is
ideal for building wealth policyholders can access during their
lifetime.
Both offer participating permanent whole life
insurance coverage from the largest federally regulated mutual life
insurance company in Canada.
Equitable Life has also introduced
enhancements to its Equimax participating whole life insurance
product, including:
Increased issue
ages
Increased issue ages make Equimax an excellent choice
for older clients looking for guarantees and a more stable
investment option.
Ability to increase the tax-sheltered
growth
In a low interest rate environment where guarantees are
scarce, Equimax provides a stable, hands-off investment option that
offers tax-sheltered growth. Policyholders also have the
ability to accelerate the tax-sheltered growth in the policy by
making additional deposits above the required guaranteed premium.
Those deposits buy participating paid-up insurance which may
immediately increase the total death benefit and total cash value
of the policy. This feature is also available on children's
policies, increasing the cash value they can access to fund
education.
Individual whole life insurance from Equitable Life
of Canada offers policyholders guarantees (premium, cash values and
death benefit) and the ability to protect their family's financial
security, create wealth, preserve an estate or access funds
throughout their lifetime. Talk to your advisor about Equimax
today.
About Equitable Life of Canada
Since 1920, customers have been depending on Equitable Life of
Canada for financial protection. As one of the largest mutual life
insurance companies in Canada, Equitable Life is dedicated solely
to its policyholders. Everything we do is focused on providing them
with personalized service, security and wellbeing.
Through partnerships with Managing General Agencies and
Advisors, we offer a wide selection of competitive Individual Life
and Health, Savings and Retirement and Group Benefits products to
meet a range of financial planning and health needs.
Media Relations
Contact
Karl Simon
Director of Individual Product
Development and Marketing
Direct Line: 519-904-8305
Email: ksimon@equitable.ca
