Laurier Life - PermaChoice

INSURER WEBSITE: http://www.laurier.ca

The PermaChoice series is a class of flexible, permanent life insurance with guaranteed premiums, coverage, and cash and paid-up values.

PermaChoice is a conversion product.

PREMIUM PAYMENT PERIOD OPTIONS

• QUICK PAY
  The Premium Payment Period under this option is the minimum period permissible without triggering accrual taxation under current legislation. The Quick Pay option is only available with the Gold version; reduced paid-up values are not available with Quick Pay.

• 20 PAY
  This is an ideal option for clients who want to pay premiums for a limited period. Whether Gold, Silver or Bronze versions are selected, the policy has the same cash value once paid up (i.e. after 20 years).

• PAY TO 65
  This premium payment period coincides with the client's income earning years. Moreover, the cash values accumulate at different rates, but are equal once the policy is paid up. The policy becomes paid up at the policy anniversary following the Life Insured's 65th birthday.

• PAY TO 100
  This option offers the lowest premiums and is most appropriate in business or professional insurance arrangements when reduced income after retirement is not a consideration. The premiums are payable to, age 100, when the policy becomes paid up.

All of the above options are also available on a graduated premium basis. (Contact Laurier's Marketing Departement for graduated premium quotations.)

CASH VALUE OPTIONS (CV's)

Gold (signifiant CV's during PPP)
Silver (nominal CV's during PPP)
Bronze (no CV's, until paid up)

COVERAGE OPTIONS

• Single Life
• Joint First-to-Die
• Joint Last-to-Die
• Joint Last-to-Die, paid up on first death

PLAN CHARACTERISTICS

Issue Ages (based on "age last birthday")

Coverage Amounts

Single and Joint Life $50,000 to $5,000,000* Requests for sums assured below $50,000 will be considered subject to a $500 minimum annual premium. Contact your General Agent for a quote.
* No amount under $25,000 will be considered.

Non-Smoker

One who has not used any tobacco or tobacco substitutes within the last year. Application to change from smoker to non-smoker rates after issue will be considered upon receipt of a non-smoking declaration and medical evidence.

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