Participating Insurance
Participating Life Insurance is a whole life insurance plan that provides permanent lifetime insurance protection with guaranteed cash surrender value and eligible to receive annual dividends, which can be used to accumulate a cash reserve to use as a savings plan and increase the death benefit.
Key Benefits of Participating Insurance
Who Needs Participating Life Insurance:
The cash value that’s been built up through the dividends is an excellent solution for people who are:
- Looking for lifetime protection combined with the opportunity for significant savings;
- Wanting to increase their death benefit over time to keep pace with inflation;
- Interested in accessing the cash value that can be used for: personal or business opportunities, such as for financial emergency, to supplement your children’s education fund or supplement their retirement income.
Where the dividends come from
When you purchase participating life insurance, the premiums paid are deposited into an account called Participating Account and invested. A portion of the surplus generated on this account may be paid to policyholders in the form of dividends.
The participating account is mainly impacted by returns earned on investments, mortality, terminated policies, expenses and taxes. Your share in this earnings is annually credited to your policy as a dividend payment.
The participating account is mainly impacted by returns earned on investments, mortality, terminated policies, expenses and taxes. Your share in this earnings is annually credited to your policy as a dividend payment.
Insurance Providers
Equitable life
Equitable Life of Canada is one of Canada’s largest mutual life insurance companies founded in 1920 in Waterloo, Ontario. Equitable Life reported premiums and deposits of $1.7 billion in 2020, contributing to $6.0 billion of assets under administration.
CNS
CNS has been a market leading insurer in B.C. for many years. Their products are marketed exclusively through professional insurance brokers because they have always believed that consumers who purchase insurance through brokers receive the best balance of quality, price and professional advice.
Economical Insurance
Economical Insurance, founded in 1871, is a Canadian Property & Casualty insurance company, offering property, liability, agriculture, and surety insurance.
Intact Insurance
Intact Financial Corporation is a Canadian multinational property and casualty insurance company. As of 2017, Intact was the largest provider of property and casualty insurance in Canada by annual premiums.The company has over 13,000 employees and insures more than five million individuals and businesses through its insurance subsidiaries.
Wawanesa Insuance
The Wawanesa Mutual Insurance Company is a Canadian insurance firm. The company's executive offices are located in Winnipeg, Manitoba。 With assets of over $9.5 billion and over two million policies in force, Wawanesa is one of the ten largest property and casualty insurers in Canada
Allianz
As the Canadian company of Allianz Partners – the world’s largest travel insurance and assistance provider – our partners and their customers know that our worldwide presence means they can rely on us 24/7 to deliver globally consistent services via a well-connected, worldwide provider network implemented with local expertise.
Request a Quote
Tugo
Canadian-owned and operated for nearly 60 years, TuGo specializes in products & services that support travellers’ health, wellness and safety across Canada and around the globe. As one of Canada’s top travel insurance providers, TuGo offers 24/7 in-house emergency travel medical assistance, with support in 27 languages.
Request a Quote
Royal Travel Insurance
Our Visitors to Canada insurance offers a variety of emergency medical benefits to individuals travelling to Canada. The plan provides all the necessary components of an emergency medical plan and 24-hour travel assistance.
Request a Quote
Manulife
Manulife is a leading international financial services group that helps people make their decisions easier and lives better. At the end of 2020, we had more than 37,000 employees, over 118,000 agents, and thousands of distribution partners, serving over 30 million customers.
Request a Quote
