March 24, 2014 -
Equitable Life of Canada announced today the introduction
of Term 30/65, the newest addition to its term life insurance
Term 30/65 is our lowest-cost option for 30 years of coverage.
Guaranteed premiums are payable to the later of 30 years and age
65, with no increases. At that time, the plan expires. The ability
to cover multiple lives under one plan or add an optional rider to
cover children makes it the perfect family plan.
As with the 10 and 20 year Term products, Term 30/65 is ideal
for providing financial security for what matters most. This could
include final expenses, leaving an education fund for children or
grandchildren, or making funds available to pay off a mortgage so
your family can stay in their home.
"When it comes to protecting your mortgage having a guaranteed
level cost for the entire duration is very desirable", said Michael
Dawe, Senior Vice President, Individual Insurance. With no
renewal premium increases, Term 30/65 provides the comfort of cost
certainty; you know what you are paying today will remain the same
for the duration of the plan.
Equitable Life's expanded lineup for term life insurance
products makes it easier than ever to find the right payment
options and durations to fit your specific need and budget.
Term 30/65 is available on March 24th through your insurance
About Equitable Life of Canada
Canadians have turned to Equitable Life since 1920 to
protect what matters most. We work with independent advisors across
Canada to offer individual insurance, savings and retirement and
group benefits solutions to meet your needs. But we're not
your typical financial services company. We have the knowledge,
experience and ability to find solutions that work for you. We're
friendly, caring and interested in helping. And we're owned by our
participating policyholders, not shareholders. So we can focus on
your interests and providing you with personalized service,
security and wellbeing.
Media Relations Contact
Director, Individual Product Development
Direct Line: 519.904.8025