ParPlus

ParPlus, a participating whole life insurance, pays out dividends that can help increase your income or reduce your insurance costs. You can also accumulate, for a larger payout! 

ParPlus guarantees a basic amount upon death, a cash surrender value and premiums that will never increase -- making it possible to benefit from an extra source of income or increase the amount of insurance protection, depending on the dividend option chosen.

Product details:

  • No medical exam required automatically for coverage of $999,999 or less*
  • Premium payment period options:
    • 20-Year Pay
    • Life Pay
  • For individuals aged:
    • 18 to 70 if payable for 20 years
    • 18 to 75 if payable for life
  • Coverage ranging from $5,000 to $4,000,000
  • Additional rider options available, including:
    • Disability Income
    • Critical Illness
    • Child Insurance Benefit  
    • And more!
  • Ability to vote at Assumption Life's annual general meetings

* This product contains certain limitations and exclusions.
 
Learn more about dividends in the Client Corner section of our website.