Adaptable-Equitable
Permanent life insurance for which the premiums are guaranteed and payable for a limited period of time and which can generate important cash values
2 payment period options
The Adaptable-Equitable offers a choice of 2 payment periods (minimum 20 years), namely up until your 65th or 75th birthday and you pay level premiums until the end of the term that you have chosen.
2 levels of cash values
You have the choice of 2 levels of cash values allowing you to recover the whole or a part of the premiums paid at a time when your need for insurance diminishes or ceases to exist. These cash values are guaranteed and available starting at the 10th anniversary of the policy.
Premium Discount
If, at the issue of the policy, the amount of Chapter B is higher or equal to 50% of the amount of Chapter A, the Company calculate each policy year a premium discount that follows the formula below.
Discount = 50% X Premium X (1 - (((1 + Rate1^20)/((1 + Rate2)^20))), where
- Premium = Premium of Adaptable-Equitable including additions of protection at the 3rd, 5th and 7th policy anniversary, but excluding any extra premium or supplementary benefits premiums.
- Rate1 = 4.50%
- Rate2 = Rate of the Quebec strip bond 20 year term (click here to view historic rates).
Other features
- Benefit payable upon death
- Right of the insured to determine the paid-up capital at the chosen maturity date. This choice can be made at issue or, at the latest, on the 3rd, 5th or 7th anniversary of the policy. Exercising this privilege does not require any evidence of insurability.
- Reduced paid-up capital is available starting with the 10th anniversary of the policy.
- Possibility of redeeming the whole or part of the paid-up capital.
- Automatic premium loan and possibility of a loan.
- Policy only.
Issue ages
- Adaptable-Equitable 65: 0 to 54
- Adaptable-Equitable 75: 0 to 65
Supplementary benefits
- Waiver of premiums
- Accidental death and dismemberment
- Temporary to 25 years of age (for child)
- Waiver of premiums in the event of loss of employement
- Accidental fracture
- Factual insurance in cases of critical illness
- T-10 Superior+
- T-20 Superior+
To learn more about our insurance products, don’t hesitate to contact a financial security advisor.