Whole Life insurance policies can be broken down into two types:

Non-participating Fully guaranteed contracts and the plans do not participate in the companies profits.

Participating Whole Life Policies Offer policy guarantees, but in addition, allow the applicant to participate in the profits of the insurance company.

Whole Life policies They’ve gained a resurgence in popularity in Canada over recent years, as consumers are becoming more concerned with market volatility.

The following is an analysis of the top or the analysis of 4 of the leading Whole Life insurance carriers in participating insurance carriers in Canada:

Eg., 50-year-old male, non-smoker @ $500.00/month with a paid-up additional dividend option.

Company   Plan/Initial Coverage   Death Benefits/age 75   Cash Value/age 75
Canada Life Wealth Achiever $153,990.00  $355,847.00    $202,658.00
Assumption Life Par Plus       $170,208.00  $346,041.00    $155,138.00
Manulife          Performax     $149,860.00  $457,744.00    $285,036.00
Empire Life      Optimax        $175,800.00  $373,937.00    $213,968.00

Each of the above plans assumes its respective insurance company’s current dividend rate. These dividend rates are not guaranteed and fluctuate.

For more information on Whole Life participating policies in Canada, please contact us at 1-866-899-4849, or visit our Whole Life Insurance Instant Quote Page.

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