Our new ivari Universal product provides your clients with choice, flexibility, value and the guarantees they need for today and into the future.
It’s all good!
An ivari Universal policy offers clients the choice of bonus or no bonus:
ivari Universal with bonus is ideal for clients that are younger and have a long-term investment outlook.
ivari Universal no bonus is ideal for clients who prefer to have a more direct connection to their investment choices over a short- or long-term horizon.
ivari Universal has been designed to give clients the ultimate in flexibility by allowing them to:
ivari Universal supports the buildup of your client's fund value over time by focusing on investments that match their level of risk tolerance.
Guarantees provide the peace of mind that key aspects of your client’s policy cannot be changed.
The COI rates per $1,000 of face amount are set when the policy is put in force and they are guaranteed not to change unless the policy is altered.
ivari Universal rates include the cost of provincial premium tax and this cost is locked in. This means that if the province in which your client lives decides to increase the premium taxes in the future, their premiums will not increase.
The policy fee is guaranteed to remain at $8 per month.
We guarantee to have at least four Index Interest Options available for the savings portion of your client’s policy (subject to availability). We also guarantee the availability of at least one Fixed Rate Interest Option with a guaranteed minimum interest rate of 0.85% for ivari Universal with bonus and 2.00% for ivari Universal no bonus.
Five and 10 year fixed-rate interest options pay minimum guaranteed rates of 0.35% and 0.85% for ivari Universal with bonus and 1.50% and 2.00% for ivari Universal no bonus respectively.
The guaranteed total fee is the daily fee stated as the guaranteed total fee for a particular Passive Currency Neutral Index Interest Option. This amount is guaranteed not to change.
This is the daily fee for a particular Index Interest Option which is guaranteed not to change for the Managed Index Interest Options and Passive Index Interest Options.
ivari Universal with bonus rewards your clients for making consistent minimum premium payments through an Accumulation and Performance Bonus. The qualification and formula for both the bonuses are guaranteed.
* Applies to ivari Universal with Bonus.
* Some restrictions may apply. Refer to the provisions in the contract for more details.
Provides more in depth details about the new ivari Universal product to help guide conversations with your clients.