April 2021

Canada Life adds a new customizable term product:

Canada Life today launched Canada Life My Term™ life insurance – a new customizable term product that allows customers to pick the exact term length they want, between five and 50 years, to suit their unique needs. Gone are the days when customers have to pick a term product based on a pre-set time period.

Key highlights:
✓   Flexible term lengths – between five and 50 years.
✓   Yearly renewable term structure – as a new feature, coverage for the Canada Life My Term product will renew yearly at end of the initial term period. Premiums in the renewal period will see a gradual yearly increase until expiry at the policy anniversary nearest the life insured’s age 85.
✓   Customization – customize your clients’ coverage with optional benefits.
✓   Convertibility options – convert to longer term or permanent policy without new evidence (within limits).

A new product module has been added to the Novinsoft/Canada Life Illustration System.

The Canada Life My Term™ replaces the previous Simply Preferred stand-alone term 10, term 20, term 30 and term-to-age-65 products.

Please check out our novinNEWS on Facebook
Keep up-to-date on news, events and releases from NOVINSOFT
April 2021
Canada Life adds a new customizable term product
February 2021
RBC Insurance adds Par and Sales Concepts
October 2020
NovinNews is now on Facebook
March 2020
A New Class of Illustrator Applications
August 2019
GWL/London Life/Canada Life Complete Illustration System
September 2018
Our 25th Anniversary
September 2018
Novinsoft Technology Roadmap
July 2018
Par, Par and Not Par
January 2018
Some 2017 highlights
January 2017
Thank Goodness – 2016 is over!
January 2016
Empire Life Web/Mobile Illustration System
September 2014
Recent Client Highlights
April 2014
Tech Meeting
December 2013
Novinsoft goes to Asia
September 2013
Equitable Final Protection
May 2013
20th Anniversary Client Meeting
News archive
See more NovinNews