It’s permanent participating life insurance. It gives you lifetime coverage, guaranteed cash value and the opportunity to receive dividends.
Estate Achiever may fit if you want life insurance focused on maximizing your estate. It can help if you are a parent or grandparent whose main goal is to leave a legacy for your loved ones. Business owners can also insure the lives of their partners by using the payout to buy out their partners’ shares if they die.
It’s value that is guaranteed to grow over time in your policy as long as you pay your premiums.
You can access it during your lifetime. If markets fall, that cash value is protected. It can’t be reduced or used unless you authorize it, or you’ve agreed to it in your policy.
If you withdraw dividends or take out a policy loan and don’t pay it back, it reduces how much your loved ones or an organization receives when you die. Any money you borrow or dividends you withdraw may be taxable.
| Product | Best suited for | Main focus |
|---|---|---|
|
Canada Life Estate Achiever |
Canadians focused on planning their estate or leaving a legacy for their loved ones |
Highest long-term payout at death value |
|
Canada Life Wealth Achiever |
Canadians who want stronger early cash value |
Early cash value and flexibility |
|
Canada Life Balanced Achiever |
Canadians who want a mix of early cash value and long-term payout at death value |
Balanced cash value growth and long-term protection |
Lifetime coverage, guaranteed cash value and the opportunity to receive dividends.
High flexibility and strong early cash value growth.
Choose from flexible payment options that best match your needs, whether you want to pay off your policy quickly or over a longer period of time. Payment lengths include:
Premium payments are guaranteed to stay the same and no more will be required after the payment period ends.
Canada Life and design and Canada Life Wealth Achiever, Canada Life Balanced Achiever and Canada Life Estate Achiever are trademarks of The Canada Life Assurance Company.