Whole Life

Life to 65

Original line of business: Confederation Life

Updated on: Dec 13, 2018

Product snapshot

The Life Series Plans were mostly participating, whole life policies. These plans had smaller face amounts and offered growth through the investment of dividends into segregated funds. Life Series plans had different premium payment periods depending on version issued, but all the plans mature at age 100. These policies can be registered and non-registered.

Basic product information

Product administration guide: N/A

Sample contract: N/A

Dividend options: Yes

Bonus: N/A

Dividend options

  • Bonus additions 
  • Dividends on deposit 
  • Investment fund (IFDO) 
  • Premium reduction 
  • Cash 
  • Term coverage



Premium paying period

  • Premiums do not differ by smoker status, but dividends do
  • Premiums are level and guaranteed 

Early issues (pre-1967) had premiums based on age nearest birthday, while later issues were based on age at last birthday 

Premiums paid to age 65

Policy fees

If any, indicated in policy contract

Deposit load


Values, loans & withdrawals

Non forfeiture option: Yes

Loans: Yes

Withdrawals: Yes

Non-forfeiture option

  • Reduced paid up 
  • Extended term insurance 
  • Automatic premium loan (APL)


  • Loans are available
  • Interest rates range from 6% fixed to prime plus 2%, depending on issue date 


Dividends can be withdrawn if available

Cash value

This policy has guaranteed cash values in the contract. The cash values aren't available until premium age 65 on a life to 65 non-participating policy. The participating life to 65 policies have cash surrender values that start at different durations depending on the age of the insured

Reduced paid up

If an option, noted in policy contract

Riders & benefits

Premium offset/holiday: N/A

Premium offset/holiday

Please note that premium offset is not available on this policy

Death benefit

Basic coverage plus any dividends (if participating), minus any loans if applicable

Reinstatement period

2 years


This feature is not available, already is a permanent product