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.
“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.