Individual Insurance

Ready to earn more? Here's how...
When you reach $10,000 in net annualized first-year commission (NAFYC) and place a minimum of 5 policies in a calendar year, you will be eligible for the Momentum Bonus and can earn a higher Momentum Bonus level the following year (see below).

Earning a bonus elsewhere? We can match it!
When you reach $10,000 in NAFYC and a minimum of 5 policies in 2025, you will also be eligible for our matching offer! This means that if you have a higher bonus rate elsewhere and can prove it, we will match it.

Contact your Director of Business Development to learn more.

Investments

NOW AVAILABLE IN VESTA

Assumption Life enhances its lineup with innovative solutions to meet investors' evolving needs

Explore our new Segregated Funds (SEG) and low-fee Registered Investment Account (RIA), featuring notable options designed to address the growing demand for global equities, fixed income, and ESG-focused investments.

Here’s a summary of these exciting updates:

• Exclusive Fidelity Option – Gain access to innovative global solutions tailored for today’s market.

• ETF and ESG-focused Investments – Align with sustainability and diversify cost effectively.

• Broader Fixed Income and Global Equity Opportunities – Explore new tools to build resilient portfolios.

Join us for a 45-minute webinar presented by our exclusive fund manager, Louisbourg Investments. Our experts will provide:

• Analysis of U.S. equity market trends under the new administration. 

• Key sectors and industries poised for growth or disruption. 

• Strategies to position your portfolio effectively.

Group Insurance

When it comes to beneficiary designations, the choice between a revocable and an irrevocable designation can have lasting implications for plan participants. Making an informed decision upfront can help avoid legal and emotional challenges down the road. 

What’s the Difference? 

• Revocable Beneficiary: A revocable beneficiary is one that can be changed or removed by the insured at any time without needing their consent. This is the most common designation for group insurance policies. 

• Irrevocable Beneficiary: An irrevocable beneficiary, on the other hand, is much more restrictive. Once designated, their consent is required for any changes that may impact their rights, such as a change in beneficiary. This designation is rarely recommended for group insurance policies due to its legal and procedural implications. 

In all provinces except Quebec, a beneficiary is presumed to be revocable unless otherwise indicated in the designation. In other words, the default choice is for beneficiaries to be revocable. 

In Quebec, a beneficiary who is the spouse (through marriage or a civil union) of the insured is presumed to be an irrevocable beneficiary unless otherwise indicated in the designation. If the intent is for the spouse to be a revocable beneficiary, that must be clearly stated in the designation. 

Why Does This Matter? 

Our Administration team has noticed a significant number of requests involving irrevocable beneficiaries. While this option may suit certain personal situations, it is crucial that plan participants fully understand the implications of this choice.

Once a participant has chosen to designate someone as their irrevocable beneficiary, that cannot be undone without the beneficiary’s consent. This can create difficult situations that are avoidable with a little education and prevention. 

How to Guide Plan Participants 

• Clearly explain the differences between revocable and irrevocable designations prior to participants before they complete their beneficiary designation. 

• Advise plan members to carefully consider their relationships and long-term intentions before selecting an irrevocable beneficiary. For minor children in particular, they can only consent to the removal of an irrevocable designation once they have reached the age of majority – a parent, guardian or tutor cannot consent on their behalf. 

• Encourage members to consult with legal or financial professionals if they have questions about the impact of their designation. 

By providing clarity, we can help prevent misunderstandings and challenges that would otherwise be difficult to resolve. 

Corporate