Under this participating plan, insurance products offer a dual advantage of insurance coverage and savings accumulation over a 20-year term. A notable plan in this category provides:

• A coverage term of 20 years. 8-pay (8-year) endowment insurance plan.
• Increasing insurance coverage amount over time.
• Rising cash benefits can be a source of funds for future needs.
• Living benefits to address any critical illness or disability needs.
  • A cash benefit of 8% of the Face Amount is given at the end of the 8th year and every 2 years afterward, increasing by 2%.

Investment-linked insurance plans meld the security of insurance with the growth potential of investments. They are characterized by:

• Coverage extends till the late years, often until 88 or 100.
• A mix of insurance and investment, where a portion of the premiums is invested in various funds.
• Flexibility in payment periods, ranging from regular payments to easy one-time payments.
• Access to global funds for a diversified investment portfolio in some plans.
• The opportunity to maximize earning potential through market-linked investments.

Limited-pay life insurance plans require a shorter premium payment term while providing extended or lifetime coverage. Key features include:

• Coverage terms vary from 7 years to lifetime coverage with age 100 as the maximum coverage age in some plans.
• Guaranteed cash benefits, providing a source of funds for future needs.
• Short-term payment options for premium payments, making it convenient for policyholders.

Group retirement services offer a structured approach for organizations aiming to provide retirement and savings solutions to their employees. These services include:

• Group Registered Retirement Savings Plans (RRSPs), profit-sharing plans, and defined contribution or benefit plans.
• Dedicated support from Group Retirement Services representatives to ensure smooth plan management.
• The provision of an array of products and solutions to cater to the diversified needs of the workforce.