Equitable Whole Life Insurance

Whole Life Insurance

Equimax

Equimax provides customers with participating whole life insurance that offers guaranteed premiums with permanent protection with cash values and death benefits. You can access the cash value to fund your child's education or even supplement your retirement income. Use the tax-free benefit in any way you deem necessary.

Why the plan makes sense?

Equimax can help you:

  • Your family can use the tax-free death benefit to maintain their lifestyle and as a source of income.

  • The tax-free death benefit creates an instant inheritance for your dear ones.

  • Preserve your legacy: Your beneficiaries can use the death benefit to cover final expenses, keeping your legacy intact.

  • Build wealth you can access: The cash value can be used to supplement your retirement income, help pay for your child's education or even pay future premiums on your plan.

  • Protect your children: Equimax 20 pay can provide your child or grandchild with paid-up, permanent insurance protection at low children's rates, plus access to cash values to fund their education.

Get the best Insurance Quote from Equitable Insurance

Call 1 844-542-4678 to speak to our advisors.

Choice of insurance plans to suit your specific needs

In an environment where guarantees are scarce, Equimax provides customers with low-interest investment options that offer growth on their savings tax-free. There are two primary plans to choose from to best meet your savings and insurance goals. For further inquiries, give our team a call today.

Equimax Estate Builder® Equimax Wealth Accumulator®
For those individuals looking for a higher investment with long-term value. This policy is ideal for covering taxes and estate planning. In the unfortunate event of your demise, your assets or estate passes intact to your heirs. This is the best policy for those looking to earn higher early cash values within the first 20 years. The plan is ideal for building wealth you can access during the entirety of your life.

Personalizing a plan just for you

With Equimax participating whole life insurance plan, you have a life pay or 20 Pay option. The premiums are payable for the 20-year plan, and you can personalize your plan by adding optional benefits to meet your financial and personal needs.

Bundling protects your total life and health needs

Protect your personal and health needs by bundling Equimax life insurance and EquiLiving critical illness insurance in one convenient policy.

Leave a Lasting Legacy: Increase Wealth and Save Tax

Tax-freesubstitutes for estate transfer and retirement income. The favoured choice!

Life policy collateral loans

Policyowners of the Equimax participating whole life plan can use the cash surrender valueas a guaranteeto secure a tax-free bank loan.

Giving your child a head start for tomorrow

Purchase an Equimax 20 Pay policy for your children or grandchildren today, and they will benefit from a policy that provides insurance protection at a time when their needs are high but their income may not be.

Adding the Flexible Guaranteed Insurability Option term rider ensure their right to purchase, without proof of evidence, up to $500,000 of additional insurance in the future when major life events increase their need for insurance protection.

* Dividends are subject to taxation and are not guaranteed. Based on the actual returns, as well as morality, claims experience, taxes and other experience in the participating account, dividends will vary.

Choice, Flexibility, Guarantees

A few customers want it all. We at Equitable Life of Canada think our customers deserve it. You can personalize your policy products to suit your specific needs. Our plans are versatile and are guaranteed to meet the client’s ever-changing needs, as well as provide access to tax-free growth, including guaranteed premiums, death benefits and cash values.

Like a traditional whole life insurance policy, Equimax participating whole life insurance delivers everything like a permanent protection policy as access to the cash value in the plan. It also offers:

  • Cash values, guaranteed premiums, and death benefits.

  • Option of two policy types to meet your short or long-term goals.

  • Choice of Life Pay or 20 Pay plan.

  • Ability to increase the tax-free growth within the policy.

  • You are entitled to participate in the earnings of the participating account through dividend payments. There are five dividend options for you to choose from.

  • Optional riders allow you to personalize your plan, including adding critical illness insurance that provides funds to help cover your personal, business and medical expenses.

Choice Of Plan Types To Meet Your Specific Needs

Equimax provides a secure investment option that offers tax-free growth. With two plan types to choose from, you can select the insurance policy that best meets your personal and financial goals.

Equimax Estate Builder® Equimax Wealth Accumulator®
For those individuals looking for a higher investment with long-term value. This policy is ideal for covering taxes and estate planning. In the unfortunate event of your demise, your assets or estate passes intact to your heirs. This is the best policy for those looking to earn higher early cash values within the first 20 years. The plan is ideal for building wealth you can access during the entirety of your life.

Which Insurance Plan Type Is Suitable for You?

Identifying your life insurance and savings goals will help you and your advisor choose the best policy type to help you achieve your goals.

What plan are you looking for? Equimax Estate Builder Equimax Wealth Accumulator
Higher long-term value for estate planning. Yes
A larger death benefit to cover any tax burden that occurs at your passing Yes
Cash values to boost your retirement income Yes Yes
Permanent insurance for your child/grandchild at low rates, plus access to cash values to help fund education, start a business, etc Yes
Leave a sizable donation to your favourite charity while reducing income tax now or in the future Yes Yes
A highly liquid investment option that provides almost quick access to cash values that can be used for emergency funding, investing, collateral loans, or other cash needs. Yes
Protection for your business plus larger early cash values on your balance sheet Yes

A Policy That Meets a Lifetime of Needs!

Regardless of yoursavings and insurance needs, Equimax offers the flexibility to help you meet them.

Why the Policy Makes Sense?

Equimax can help you:

Term life insurance from Equitable Life of Canada includes:

  • Develop an inheritance: The beneficiaries that receive your tax-free death benefit create a lasting legacy for your loved ones or a favourite charity of your choosing.

  • Safeguard your inheritance: Your beneficiaries can safeguard your heritage by using the tax-free death benefit to cover your final expenses and any other taxes that occur on your passing.

  • Amass wealth you can access: The cash value can be used to boost your retirement income, pay for your child’s post-secondary education or take care of your financial needs, including using the policy as collateral for a loan from your bank.

  • Provide for your near and dear ones: The tax-free benefit can be used to provide for those who depend on your income.

Testimonials

Trusted by Clients

The Best Canadian Insurance Brokerage

Lalit Kumar

Mrs. Harpreet Puri is always friendly and professional and answers all of our questions with infinite patience. Helped us a lot in our health insurance. She is the best advisor.

Nippurn Kaushal

One of the best service provider in their field. I took a policy for my family and the plan I choose is the best and no other provider had that plan.Extremely satisfied by their services.

Baljeet Singh

Thank You so much for all of the work you did. I appreciated your prompt & honest communications as well as your efforts to make everything go smoothly. It was a pleasure to work with you.

Gurjinder Singh

Thank You so much for all of the work you did. I appreciated your prompt & honest communications as well as your efforts to make everything go smoothly. It was a pleasure to work with you.