No change to the dividend scale for 2015/2016
The Equitable Life Insurance Company of Canada® is pleased to announce that its Board of Directors has approved continuing the current dividend scale for the period July 1, 2015 to June 30, 2016.
What this means to you
As a participating whole life policyholder, you have the opportunity to share in the earnings in the participating account.
The participating account works like this. Premiums paid for participating whole life policies are deposited into the account and invested. The participating account is mainly impacted by returns earned on investments, and by death benefits and expenses. Your share in the earnings in the account is annually credited to your policy as a dividend payment.
We use the dividend scale to determine the dividend payment. It is not guaranteed. Dividends are sensitive to all of the factors that affect the participating account, but especially changes in investment returns. We focus on long-term stability and growth. If low interest rates continue, investment returns in the participating account will be lower. We continue to monitor the impact of investment returns. We may need to make changes to the dividend scale in the future. This means that future dividends can be lower than previously projected.
Would you like more information?
Please contact your advisor or the Individual Contact Centre at 1.800.668.4095 or email firstname.lastname@example.org for:
- questions about the dividend scale,
- an illustration showing updated projections of future cash values and death benefits for your policy based on the current dividend scale.