Five Living Benefit plans with flexible Return of Premium options:
* ROPD: Return of Premium on Death
* ROPS15: Return of Premium on Surrender - 100% starting on or after the 15th policy anniversary
* ROPS20: Return of Premium on Surrender - 100% starting on or after the 20th policy anniversary
* ROPS65: Return of Premium on Surrender - 100% starting on or after the insured’s attained age 65
* ROPX: Return of Premium on Expiry - 100% on the insured’s attained age 75
More First Year Commission:
Please refer to Schedule of Commissions dated November 2, 2015 for details on changes to FYC and Renewal Commission.
Other Important Changes:- NEW base plan rates and Living Benefit rider rates
- Multi-policy fee discount can now be applied when Living Benefit plans and Preferred Term plans are submitted at the same time
- NEW CLHIA Benchmark Definitions for 25 covered conditions
- IMPROVED Early Discovery Benefit – Payment of 15% up to $50,000 for the diagnosis of Early Prostate Cancer, Early Breast Cancer, Early Skin Cancer, Coronary Angioplasty, Early Stage Blood Cancer, Early Stage Intestinal Cancer, Early Thyroid Cancer … No deduction to sum insured after payment
- IMPROVED conversion options - All Living Benefit 10 and 20 plans with a Policy Issue Date on or after November 2, 2015 can convert up to age 60 to the Living Benefit 75, Living Benefit 100 or 15-Pay Living Benefit 100 plans with rates that were in effect on the Policy Issue Date of the Living Benefit 10 and Living Benefit 20.
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