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Canada Life T20 Rates Decrease FYC Increased!

Posted in Canada Life  ·  May 29, 2012  ·  (permalink)

 

Effective June 11, 2012, Canada Life’s Term 20 rates will be reduced. 

Changes at a Glance

• Term 20 life insurance premiums and Term 20 rider rates are reducing
• Joint First to Die conversions from Term 10 to Term 20 now available
• 25 % First year compensation
• Five year pass back period will be available
• Compensation
• Increase to the FYC on Term 20 from 45% to 50%
• Slight decrease to renewal commsiion rates from 4% to 3%