Industrial Alliance set to launch new universal life insurance product

Industrial Alliance set to launch new universal life insurance product - Insurance Business Review Jump to page content Accessibility Log in or Register for enhanced features|Forgotten Password? White Papers | Suppliers | Events | Report Store | Companies |Dining Club General Insurance Commercial Lines Personal Lines Claims Insurer Life Insurance & Pensions Intermediaries Brokerage Underwriting London Lloyds Reinsurance Technology Technology in Insurance Outsourcing Regulatory & Risk
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Industrial Alliance Insurance and Financial Services is set to launch a new universal life insurance product designed to allow customers to benefit from premium reductions, if long-term interest rates increases.

Scheduled to be launched on 03 June, Trend will provide policyholders with a guaranteed premium discount for the initial ten years, whilst also offering an opportunity to generate additional savings from 11th year if long-term interest rates are higher at that time.

Industrial Alliance Insurance Individual Insurance and Annuities Marketing senior director Marie-Élaine Gaudreault said Trend is an affordable permanent life insurance product compared to other level-premium permanent solutions currently available in the market.

A maximum premium is established and guaranteed to the customers at the time of Trend contract signing, which will serve as a buffer for the insured, eliminating requirement to pay more than the amount specified in the contract.

The product also help policyholders to take advantage of tax-sheltered savings.

Established in 1892, Industrial Alliance Insurance and Financial Services is a life and health insurance company offering life and health insurance products, savings and retirement plans, auto and home insurance for both individuals and groups in Canada and US.

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Life Insurance & Pensions

Related Dates
2013> May

Related Industries
Financial Services> Insurance> Life Insurance
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