Assumption Life FlexTerm, More Flexible Than Ever!

3/9/2015 12:00:00 AM

Assumption Life is offering some great new additions to FlexTerm, a product already popular with brokers and their clients. Here’s a quick look at the FlexTerm enhancements:
  • New rates, making FlexTerm premiums much more competitive
  • Increased issue age
  • Simplified banding maximum adjusted to $249,999
  • Addition of 10-, 30 and 35-year terms to the existing 15-, 20- and 25-year terms
  • New term exchange option
  • New joint first-to-die option
  • A Child Insurance Benefit rider (CIB)

    With the many changes to its FlexTerm insurance, Assumption Life aims to provide a high-quality product, in addition to demonstrating to its sales force that it is listening. “The new options were inspired by professionals who work in the field and know better than anyone what clients need -- our brokers and general agents. We have taken their comments and suggestions into consideration and are confident that they will find in FlexTerm a comprehensive and highly beneficial product for their clients,” says André Vincent, President and CEO of Assumption Life.

    A new coverage threshold for accurate comparison The $250,000 simplified issue coverage threshold for FlexTerm, FlexOptions and ParPlus has been adjusted from $250,000 to $249,999. This means that insurance requests for $249,999 or less will go through our simplified issue process, while those for $250,000 or more will now be fully underwritten, translating into better rates for clients.

    This change also means that it will be easier to compare these products, in third-party quoting tools, with those of our competitors for a similar coverage amount.

    Many features combine to make FlexTerm so versatile

    FlexTerm was designed to be as comprehensive as possible. By combining term insurance, disability insurance and critical illness insurance all in one product, FlexTerm offers significant savings! Discover today the many features that make FlexTerm so versatile by contacting an authorized Assumption Life agent for more information.

    Founded in 1903, Assumption Life offers a full range of products, including life and critical illness insurance, group insurance, investment and retirement solutions, and mortgage loans. The company is now active in every Canadian province and territory. Its head office is located in Moncton, New Brunswick.