Communiqué de presse - 18 avril 2017

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PRESS RELEASE

UL Mutual offers the best premiums on the market for Term Life Insurance

UL Mutual Invididual managers and CEO

Picture description (left to right):

Julie Michaud, Senior Vice-President, Individual insurance and retirement-investment, Christian Mercier, President and Chief Executive officer (CEO), Alexandre Desbiens, Vice President - Sales and Marketing, Individual insurance and retirement-investment


Drummondville, April 18, 2017 – UL Mutual is pleased to announce that it now offers the best premiums on the market for Term Life Insurance products. "In order to offer the best products at the best prices to our distribution network, we have significantly reduced our premiums on our Term Life Insurance products for all classes of insured," says Christian Mercier, President and Chief Executive officer (CEO) of UL Mutual. "While respecting the minimum premium, our T-10 and T-20 products for volumes of $200,000 and over will be the most competitive in the market," added the CEO.

Addition of a benefit for the severe loss of autonomy

UL Mutual not only reduces its premium. It also adds a benefit for the severe loss of autonomy, included free of charge in the contract. In the event of a diagnosis of a severe loss of autonomy, the Company could pay 50 % of the insured capital, up to a maximum of $100,000 for an insured. "With this addition, our term insurance products become even more complete and humane, which is part of our mutualist values," concludes M. Mercier.

Characteristics

  • Best market premiums for volumes of $200,000 and over;
  • NEW: Benefit in case of the severe loss of autonomy included free of charge;
  • T-10 and T-20 renewable up to age 65 in a T-10;
  • Convertible up to age 70; 
  • $ 125 minimum annual premium;
  • Supplementary benefits available;
  • Preferred risks class for insurance amounts of $ 250,000 and over.


About UL Mutual

Founded in 1889, UL Mutual is one of Canada's oldest insurance company. Benefiting from assets that have been growing for more than 25 years, UL Mutual is recognized in the insurance and financial services market for its financial strength and exceptional customer service. It offers a range of products in individual and critical illness insurance, group insurance and investment and retirement products. The company, headquartered in Drummondville, employs 140 people. It serves the Canadian market, particularly Quebec, Ontario and New Brunswick.


Source :

Catherine Fagnan

Vice-President, Communications

UL Mutual

819-478-1315, #2234

cfagnan@uvmutuelle.ca