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Effective November 24, 2012, we will be making the following changes to our guaranteed Level cost of insurance plans available for sale.

  • 20 Pay Solution will no longer be available for sale. We continue to offer a guaranteed, limited pay alternative with the Optimax 20 Pay plan.
  • The rates on Solution 100 (guaranteed whole life insurance) plans will increase. To offset the increase, the values within Solution 100 will also increase significantly in the early years and will also start after the 4th policy anniversary.
  • The level cost of insurance rates within Trilogy and Trilogy Plus (universal life) plans will increase.
  • First Year Commission (FYC) based on target premium will decrease for the Level cost of insurance for both Trilogy and Trilogy Plus to 50%. The FYC for the Term 10 cost of insurance option (10YRT) will increase to 45%.

Read Information Circular 2012-21: New Retail Insurance product changes coming this fall for more information.