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Assumption Life introduces two new products to its suite of simplified issue products

7/5/2021 12:00:00 AM

Moncton (NB), July 5 - Assumption Life is pleased to announce changes to its simplified issue product line-up.
 
"Our philosophy is that everyone deserves the opportunity to have life insurance. Our simplified issue product offering represents one of the key elements of our strategy, to provide our clients with solutions for these phases of their lives," said Luc Bossé, Vice-president, Sales and Marketing.
 
The "Platinum Protection" and "Golden Protection Elite" products will join Assumption Life's suite of simplified issue products. They are available on the electronic sales platform, Lia. 
 
Key features include:

  • Competitive premiums for clients aged 40 and over.
  • Whole life insurance up to age 85.
  • Immediate coverage (no waiting period).
  • 20-year pay options available.
  • A lifetime renewal commission.
"Our goal is to continue to provide high quality immediate solutions, with competitive pricing and commission, for our advisors. We are proud to be the only carrier to offer multiple whole life options up to age 85. Our advisors will now benefit from a more competitive compensation as well as a lifetime renewal commission. In addition, major investments are currently being made and important announcements regarding our simplified issue products are being made in July and fall 2021," adds Daniel Audet, Associate Vice-President, Individual Insurance and Investments.

Product Details:
Product Suite Platinum Protection Golden Protection Elite
Product Name Platinum Protection
Whole Life
Platinum Protection
Term
Golden Elite Protection
Whole Life
Golden Elite Protection
Term
Health level With a medical history With a medical history
Issue Ages 18-85 18-70 18-85 18- 70
Immediate Coverage
(No waiting period)

 
Founded in 1903, Assumption Life offers individual and group insurance, investment and retirement products, as well as mortgage loans. It is present in all provinces and territories of Canada. The company's head office is located in Moncton, New Brunswick.
 

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For more information and interviews:
Thomas Raffy
Director, Marketing and Communications
506-870-9153 ext. 5194
thomas.raffy@assumption.ca      www.assumption.ca