Available today, the new version of Canada Life Concourse™ now includes the following:
Universal life insurance
- We've introduced some of our most competitive pricing to date with updates to universal life insurance level cost of insurance (COI) rates. We're also including unique COI rates for joint lives.
| Participating life insurance
- New dividend scale interest rates, effective July 1
- Updated maximums for additional deposit option
- Updated maximums for enhanced coverage option
- Updated one-year term rates for enhanced coverage option
- New premium deposit account interest rate
- New variable policy loan interest rate
- Increased illustration maximums – up to $25 million total coverage for rated and unrated cases.
- Web-based Canada Life Illustrations
- As a reminder, you can now illustrate the 2023 dividend scale with our web-based Canada Life Illustrations tool. The new enhanced coverage option maximums are now available. For more details, check out our dividend scale announcement.
- We’ve also increased the illustration maximums up to $25 million total coverage for rated and unrated cases.
| It’s easy to update with AutoUpdater – just open your current version of Concourse. Be sure to complete both parts of the update.
Get further details on how to update and what’s in the new version. |
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