Facts & Information Page:
Empire Life Insurance - Canada
Product Names
Empire Life Solution 10
Empire Life Solution 20
Empire Life Solution 100
COMPANY CONTACT INFORMATION:
Empire Life Insurance
259 King Street East
Kingston, ON K7L 3A8
Website:http://www.empire.ca
| Customer Service Phone: | 613-548-1881 |
| Customer Service Fax: | 1-800-920-5868 |
| Contact's Name: | Julie Tompkins |
| Contact's Phone: | 613-548-1881 |
COMPANY INFORMATION AND BIOGRAPHY:
The Empire Life Insurance Company was founded in 1923 and has turned out to one of the top 10 life insurance companies found in Canada. Currently, we provide full range of financial products and services to Canadians that comprises life and critical illness coverage, retirement and investment options, group life, health, RSP plans and a lot more.
The Corporate Head Office was moved from Toronto to Kingston, Ontario and since then it became a vital part of the city’s history. Empire Life Insurance is a subsidiary of E-L Financial Services Limited, which is 81% owned by E-L Financial Corporation Limited in Toronto and 19% owned by Guardian Assurance plc.
We continue to offer individual service operations in Toronto, Montreal and Kingston and have individual and group sales and marketing centers all over the country that present marketing and sales assistance to our distribution partners. Empire Life holds a strong balance sheet and take pleasure with an A (Excellent) rating coming from A.M. Best Company.
This proud Canadian company, Empire Life is geared to people working as one to give solutions for the changing financial security and wealth management requests of Canadians. We value reliability and accountability and make every effort to be an innovative, high-performance team, building relationships with our affiliated partners as well as the clients. We put forward full range of financial products and services which comprises personal life insurance, critical illness coverage, options, group life and health benefits and group RSP plans.
We are proud of our history and reputation in giving excellent, innovative products with a commitment to custom-made service. Part of our achievement comes from the strong relationships with have with our distribution partners, their clients and our employees. With these along with our stable financial position has placed us one of the best life insurance companies in Canada. We have been in the business since 1923 and through hard work and perseverance. It has made Empire Life a company that we are proud of.
| Product Name | Product Description | |
| Empire Life Solution 10 | You may have learned that term insurance is commonly the inexpensive kind of insurance you can get. When you are going to purchase for a 20-year term insurance, you will be having the insurance coverage for a period of 20 years. Empire Life SOLUTION 20 is a 20-year renewable and changeable term policy. Premiums are all guaranteed and stay consistent for 20 years. After the due date is reached, the policy will automatically renew the policy and the premiums most likely will increase. This is inexpensive and safe for protection of your immediate growing family and also to your own business. Features of the Life insurance would include fully assured premiums that can be renewed every 20 years that will come about. These premium rates are definite and will not be modified except when the next renewal will transpire. Renewal rates would be based on the age of the individual. Additionally, other factors would apply when the time comes for renewal. The company would require you to fully pay the insurance policy before you go beyond the age of 100. The coverage would boost up by 5% every time the company’s anniversary will take place and so on. The coverage availability would start from $25,000. With Non-smoker rates, the policy is given only if you have not employed on any kind of tobacco or nicotine products even if you utilized other ways in doing it for the past 12 months. Solution 20 is offered as a rider on a base policy. This can be a very much a reasonable way to affix other insurance to an on hand insurance plan. Moreover, you can switch your plan to any level premium permanent plan being granted by the company until reaching the age 75 not taking in your health status. And lastly, you can choose extra benefits that would be on disability waiver of premium guaranteed, and accidental death as well as dismemberment benefit. |
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| Empire Life Solution 20 | You may have learned that term insurance is commonly the inexpensive kind of insurance you can get. When you are going to purchase for a 20-year term insurance, you will be having the insurance coverage for a period of 20 years. Empire Life SOLUTION 20 is a 20-year renewable and changeable term policy. Premiums are all guaranteed and stay consistent for 20 years. After the due date is reached, the policy will automatically renew the policy and the premiums most likely will increase. This is inexpensive and safe for protection of your immediate growing family and also to your own business. Features of the Life insurance would include fully assured premiums that can be renewed every 20 years that will come about. These premium rates are definite and will not be modified except when the next renewal will transpire. Renewal rates would be based on the age of the individual. Additionally, other factors would apply when the time comes for renewal. The company would require you to fully pay the insurance policy before you go beyond the age of 100. The coverage would boost up by 5% every time the company’s anniversary will take place and so on. The coverage availability would start from $25,000. With Non-smoker rates, the policy is given only if you have not employed on any kind of tobacco or nicotine products even if you utilized other ways in doing it for the past 12 months. Solution 20 is offered as a rider on a base policy. This can be a very much a reasonable way to affix other insurance to an on hand insurance plan. Moreover, you can switch your plan to any level premium permanent plan being granted by the company until reaching the age 75 not taking in your health status. And lastly, you can choose extra benefits that would be on disability waiver of premium guaranteed, and accidental death as well as dismemberment benefit. |
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| Empire Life Solution 100 | Empire Life Solution 100 is an insurance policy in which the term of the premiums is for life. This insurance offers protection at a reasonable guaranteed price. Solution 100 has two types of versions. The first type is the Solution 100 Term Insurance that does not have cash values. The other type is the Solution 100 Term Insurance with values. The Term to 100 insurance with cash values will set in the 20th year. With that, Solution 100 has a lot of features to offer. First is that the policy will need to be completely paid off at the age of 100. The amount of your insurance will then improve by 5% each year and so on. The company will issue the insurance until the age of 75 having as little as $25,000 or $500 yearly premium. For Non-smoker, there is a different rate given if you have not utilized any tobacco or nicotine products regardless of the many forms obtainable in the past 12 months. The total amount of insurance given by the Solution 100 policy is assured to stay in the same rate over the life of your insurance policy. The company will definite not increase the rates for premiums. If you have already decided to cut-off any payments of your premiums with your Solution 100 insurance as it is in line with the values policy. When the start of the 20th policy year is done, your policy will remain as a lesser insurance benefit that is previously being paid off, and will keep on providing insurance coverage for you and for the rest of your life. This insurance policy is applicable up to the age 75. The coverage is already available but has as little as $25,000 or $500 of a year of the premium. Non-smoker rates are existing and if you have not had any of these items such as tobacco and nicotine products. |
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