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Equitable Life of Canada has announced the introduction of Term 30/65, an addition to its term life insurance lineup.

The firm says this product is its lowest-cost option for 30 years of coverage. Guaranteed premiums are payable to the later of 30 years and age 65, with no increases. At that time, the plan expires.

Read: A history of insurance rate repricing

“When it comes to protecting your mortgage, having a guaranteed level cost for the entire duration is very desirable,” says Michael Dawe, senior vice president, Individual Insurance.

Term 30/65 is available immediately.

Read: 10 ways to improve elder care

Originally published on Advisor.ca

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