Equimax provides participating* whole life insurance that offers permanent protection with guaranteed premiums, cash values and death benefit. The cash value can be accessed to fund education, renovate your home or even supplement your retirement income. Use it in any way you choose.
Why it makes sense
Equimax can help you:
- Provide for your loved ones The death benefit can be used to replace your income and maintain your family's lifestyle.
- Create an inheritance The tax-free death benefit creates an instant legacy for your loved ones or a favourite charity.
- Preserve an inheritance Your beneficiaries can use the proceeds to cover final expenses, taxes and fees payable at death, keeping their inheritance intact.
- Build wealth you can access Use the cash value to supplement your retirement income, help pay for your children's education or financial needs, or even pay future premiums on your policy.
- 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 education.
Choice of plans to meet your needs
In a low interest rate environment where guarantees are scarce, Equimax provides a stable, hands-off investment option that offers tax-advantaged growth. With two plan types to choose from, you can select the plan and features that best meet your insurance and savings goals.
Equimax Estate Builder®
Equimax Wealth Accumulator®
For those looking for higher long-term value. Ideal for estate planning and covering taxes and fees at death so your estate passes intact to your heirs.
For those looking for higher early cash values within the first 20 years. Ideal for building wealth you can access during your lifetime.
Customizing a plan just for you
With Equimax participating whole life insurance, you can choose between a life pay or 20 Pay option (premiums payable for 20 years) as well as customize your plan with optional benefits to meet your unique needs.
Leave a legacy. Increase wealth. Save tax.
Tax-efficient alternatives for estate transfer and retirement income. The preferred choice!
The collateral loan program
Equitable Life has joined with the Bank of Montreal to introduce the collateral loan program to our participating whole life and universal life policyholders. They can apply for loans from BMO using the cash surrender value of their policies as collateral.
Giving your children a head start for tomorrow
Purchase an Equimax 20 Pay policy on your children or grandchildren today, and they will benefit from a paid-up base plan that provides insurance protection at a time when their needs are high but their discretionary income may not be.
Adding the Flexible Guaranteed Insurability Option rider guarantees their right to purchase, without evidence, up to $500,000 of additional insurance in the future, when major life events increase their need for insurance protection.
* Dividends are not guaranteed. They are subject to change, and will vary based on the actual investment returns in the Participating Account as well as mortality, expenses, lapse, claims experience, taxes and other experience of the participating block.