Equitable life insurance Canada is a leading independent life insurance company. The company was founded in 1920 and it has continues to provide quality life insurance services over the years. The company is ranked among Canada top 15 companies and especially ranks high among Canada independent insurance company and Equitable life insurance Ontario is a leading Ontarion life insurance company with headquarters in Equitable life insurance Toronto. Being an independent insurance firm, the life insurance policyholder who qualify get a dividend payout from company profits. Equitable life insurance company has an asset base of $1.3 billion. In 2010, the company AM best company rating was NR-5 and its new premiums for the same year stood at $414,119,000. Equitable life insurance is known for its term life plans and its robust internet infrastructure for its policyholders. Some of the Equity life insurance Canada products are explained below.
Equitable whole life insurance, Equimax, is a permanent insurance policy that is participating and has level and guaranteed premiums for the whole life of the policy. Equitable life insurance Canada has a robust and wide option for the universal life insurance policy. There is a participating universal life policy called EquiLife Limited Pay with a guaranteed cost of insurance for given periods and a guaranteed cash value but with flexible premium pay options. The non participating universal life cover named Equation Generation IV is a much lower price policy and has a low cost of insurance and a tax deferred savings account and flexible coverage subject to underwriting approvals. The Equitable life insurance company term life options include highly competitive 10 year and 20 year term life plans renewable for the same period of time.
Besides life insurance, Equitable life Canada also provides a critical illness insurance policy. This policy, branded EquiLiving provides a benefit lump-sum to the policyholder who is diagnosed with a critical illness and survives the waiting period. Equitable life insurance company does not provide disability insurance policy.