Premium Increase For Permanent Life Insurance
Another Round of Premium Increase For Permanent Life Insurance
The continuing low-interest rate environment has caused insurers to re-evaluate the pricing of their products with long-term guarantees. As a result, many insurance companies have increased their premium in these few years. This time, IA will be increasing the rate for its permanent products on March 25, 2013, while Desjardin will increase on March 14, 2013.