Universal Life

Architect Accumulator

Original line of business: Aetna

Updated on: Dec 12, 2018

Universal Life with a death benefit and investment options.

Product administration guide: N/A

Sample contract: N/A

Dividend options: N/A

Bonus: Yes


Dividend options



An interest bonus is an increase in the interest rate appplied to an account value.  The account value of the money market account and the guaranteed interest account will be credited the following interest bonus if the conditions below are met 

  • 0.25% years 6-10
  • 0.45% years 11-15
  • 0.65% years 16-20
  • 0.85%* years 21+ 


The interest bonus will be applied to the net premiums, for the duration of the term chosen if:

1:  The interest bonus applies

2:  The fund value less any outstanding policy loan balance, at the time of crediting the interest is at least equal to the lower of:

    a)  one half of the sum of the total annual minimum premiums at that time, and

    b)  the accumulation of the prior 5 years total annual minimum premiums

No interest bonus is payable if these conditions are not met

*This bonus will be reduced by 0.15% for each 0.5% that the credited rate on the net premiums or rollovers is less than 6.0%. The credited rate will be rounded down to the next 0.5% for such determination. (Ex:  The client's policy is at its 24th anniversary. The  minimum guaranteed interest rate for a 5yr GIC is 4%.  However, they should get a .85% bonus after 20 years.  However, because the rate is below 6% there is an adjustment done.  The adjustment is equal to .15% for every .5% below 6%.  The difference between 6% and 4% is 2% which is equal to 4 X .5%.  Therefore the adjustment is equal to 4 X .15% = .6%  The client was supposed to get 4.85% however they will only get 4.85% - .6% = 4.25% due to the adjustment)


Premium paying period

Age 95 

Policy fees


Deposit load

Varies by province

Non forfeiture option: Yes

Loans: Yes

Withdrawals: Yes

Non-forfeiture option

120 days 


Permitted. Minimum loan is $500. Maximum is 90% of the cash value. Proceeds will be reduced by outstanding loan balance 


Permitted if cash value is greater than $1000. Minimum withdrawal $500. Level death benefit is reduced by the amount of the withdrawal. Subject to tax

Cash value


Reduced paid up


Premium offset/holiday: Yes

Premium offset/holiday

Payments can cease if there is enough value in the policy to cover the costs

Death benefit 

  • Level sum insured: the benefit paid at death is equal to the face amount or fund value if greater
  • Coverage plus: the death benefit is equal to the face amount plus a chosen percentage of the fund value (25%, 50%, 75%, or 100%) 
  • Indexed sum insured: the death benefit is equal to the face amount plus the amount of the indexed coverage
  • Return of premium with interest: the benefit paid is the face amount plus the sum of all premiums paid (less withdrawals) + interest 

Reinstatement period

2 years


No, this is a permanent product