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Manulife hikes permanent life rates

The cost today of insuring a life, no matter how long it may last, has remained roughly the same for many years.

Statistics Canada and similar agencies in other countries do not track the cost of life insurance in their national consumer price index. But insurers can point to certain permanent life insurance policies that are cheaper now than 16 years ago.

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What is Common Existence Insurance coverage?

“Universal” is the term employed for existence insurance policy that provides built in flexibility to change your premiums and the quantity of existence insurance policies you carry throughout the life of the coverage. An universal existence insurance coverage will accumulate value as the premiums are placed in an interest building account. If your situation changes, and you come to a decision you require far more (or less) protection, it is possible to control how the universal existence insurance policy plan operates.

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Manulife hikes permanent life rates

The cost today of insuring a life, no matter how long it may last, has remained roughly the same for many years.

Statistics Canada and similar agencies in other countries do not track the cost of life insurance in their national consumer price index. But insurers can point to certain permanent life insurance policies that are cheaper now than 16 years ago.

read full article

 

 
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