If you are interested in getting a reliable protection that will last for a long time and also pay you dividends, participating life insurance is a perfect option for you. The dividends in Assumption Life’s participating life insurance can help reduce the insurance cost, increase the flow of cash and it can even accumulate for a bigger payout.
ParPlus is the right plan for you if you need a plan that guarantees a basic amount upon your death.
In this plan, the premium and cash surrender value is guaranteed never to increase. This makes it possible to benefit from the additional source of income or increase the amount of the insurance protection. However, this depends on the dividend option you choose.
For coverage from $249,999 and below, ParPlus does not require any medical exam. Besides, the plan is for Canadians between the ages of 18 and 75 (both inclusive). In addition, the premium for this plan can be paid over the period of 20 years or for life and the coverage for this plan ranges from $5,000 to $4,000,000.