Get the best Insurance Quote from Equitable
Call 1 844-542-4678 to speak to our advisors.
Common questions
- Life Insurance can protect your family from any financial crisis
- You leave a completely tax-free inheritance to your dear ones or beneficiaries
- Life Insurance can pay for your funeral expenses
- You can clear your debts and loans with Life Insurance
Whole Life Insurance
Equimax
Equimax provides customers with participating Whole Life Insurance that offers guaranteed premiums with permanent protection with cash values and death benefits. You can access the cash value to fund your child’s education or even supplement your retirement income. Use the tax-free benefit in any way you deem necessary.
Why the plan makes sense?
Equimax can help you:
- Your family can use the tax-free death benefit to maintain their lifestyle and as a source of income.
- The tax-free death benefit creates an instant inheritance for your dear ones.
- Preserve your legacy: Your beneficiaries can use the death benefit to cover final expenses, keeping your legacy intact.
- Build wealth you can access: The cash value can be used to supplement your retirement income, help pay for your child's education or even pay future premiums on your plan.
- Protect your children: Equimax 20 pay can provide your child or grandchild with paid-up, permanent insurance protection at low children's rates, plus access to cash values to fund their education.
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Life Insurance Quote Form
Choice of insurance plans to suit your specific needs
In an environment where guarantees are scarce, Equimax provides customers with low-interest investment options that offer growth on their savings tax-free. There are two primary plans to choose from to best meet your savings and insurance goals. For further inquiries, give our team a call today.
| Equimax Estate Builder® | Equimax Wealth Accumulator® |
| For those individuals looking for a higher investment with long-term value. This policy is ideal for covering taxes and estate planning. In the unfortunate event of your demise, your assets or estate passes intact to your heirs. | This is the best policy for those looking to earn higher early cash values within the first 20 years. The plan is ideal for building wealth you can access during the entirety of your life. |
Personalizing a plan just for you
With Equimax participating Whole Life Insurance plan, you have a life pay or 20 Pay option. The premiums are payable for the 20-year plan, and you can personalize your plan by adding optional benefits to meet your financial and personal needs.
Bundling protects your total life and health needs
Protect your personal and health needs by bundling Equimax life insurance and EquiLiving critical illness insurance in one convenient policy.
Leave a Lasting Legacy: Increase Wealth and Save Tax
Tax-freesubstitutes for estate transfer and retirement income. The favoured choice!
Life policy collateral loans
Policyowners of the Equimax participating whole life plan can use the cash surrender valueas a guaranteeto secure a tax-free bank loan.
Giving your child a head start for tomorrow
Purchase an Equimax 20 Pay policy for your children or grandchildren today, and they will benefit from a policy that provides insurance protection at a time when their needs are high but their income may not be.
Adding the Flexible Guaranteed Insurability Option term rider ensure their right to purchase, without proof of evidence, up to $500,000 of additional insurance in the future when major life events increase their need for insurance protection.
* Dividends are subject to taxation and are not guaranteed. Based on the actual returns, as well as morality, claims experience, taxes and other experience in the participating account, dividends will vary
Choice, Flexibility, Guarantees
- Cash values, guaranteed premiums, and death benefits.
- Option of two policy types to meet your short or long-term goals.
- Choice of Life Pay or 20 Pay plan.
- Ability to increase the tax-free growth within the policy.
- You are entitled to participate in the earnings of the participating account through dividend payments. There are five dividend options for you to choose from.
- Optional riders allow you to personalize your plan, including adding critical illness insurance that provides funds to help cover your personal, business and medical expenses.
A few customers want it all. We at Equitable Life of Canada think our customers deserve it. You can personalize your policy products to suit your specific needs. Our plans are versatile and are guaranteed to meet the client’s ever-changing needs, as well as provide access to tax-free growth, including guaranteed premiums, death benefits and cash values.
Like a traditional Whole Life Insurance policy, Equimax participating Whole Life Insurance delivers everything like a permanent protection policy as access to the cash value in the plan. It also offers:
Choice Of Plan Types To Meet Your Specific Needs
Equimax provides a secure investment option that offers tax-free growth. With two plan types to choose from, you can select the insurance policy that best meets your personal and financial goals.
| Equimax Estate Builder® | Equimax Wealth Accumulator® |
| For those individuals looking for a higher investment with long-term value. This policy is ideal for covering taxes and estate planning. In the unfortunate event of your demise, your assets or estate passes intact to your heirs. | This is the best policy for those looking to earn higher early cash values within the first 20 years. The plan is ideal for building wealth you can access during the entirety of your life. |
Which Insurance Plan Type Is Suitable for You?
Identifying your life insurance and savings goals will help you and your advisor choose the best policy type to help you achieve your goals.
| What plan are you looking for? | Equimax Estate Builder | Equimax Wealth Accumulator |
| Higher long-term value for estate planning. | Yes | |
| A larger death benefit to cover any tax burden that occurs at your passing | Yes | |
| Cash values to boost your retirement income | Yes | Yes |
| Permanent insurance for your child/grandchild at low rates, plus access to cash values to help fund education, start a business, etc | Yes | |
| Leave a sizable donation to your favourite charity while reducing income tax now or in the future | Yes | Yes |
| A highly liquid investment option that provides almost quick access to cash values that can be used for emergency funding, investing, collateral loans, or other cash needs. | Yes | |
| Protection for your business plus larger early cash values on your balance sheet | Yes |
A Policy That Meets a Lifetime of Needs!
Regardless of yoursavings and insurance needs, Equimax offers the flexibility to help you meet them.
Get the best Insurance Quote from Equitable
Call 1 844-542-4678 to speak to our advisors.
Why the Policy Makes Sense?
Equimax can help you:
Term life insurance from Equitable Life of Canada includes:
- Develop an inheritance: The beneficiaries that receive your tax-free death benefit create a lasting legacy for your loved ones or a favourite charity of your choosing.
- Safeguard your inheritance: Your beneficiaries can safeguard your heritage by using the tax-free death benefit to cover your final expenses and any other taxes that occur on your passing.
- Bereavement Counselling Benefit:To support you in your time of need, we reimburse the cost of grief counselling.
- Amass wealth you can access: The cash value can be used to boost your retirement income, pay for your child’s post-secondary education or take care of your financial needs, including using the policy as collateral for a loan from your bank.
- Provide for your near and dear ones: The tax-free benefit can be used to provide for those who depend on your income.
Get the best Insurance Quote from Equitable
Call 1 844-542-4678 to speak to our advisors.