Whole Life


Original line of business: Confederation Life

Updated on: Dec 11, 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 
  • Premium paid to age 100  

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Dividends can be withdrawn if available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

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