v10.6 [Oct 21, 2016]
New life products. Optimax Wealth, a new par plan offering higher early cash values and Solution ART, a term plan offering extremely competitive pricing for those with temporary needs.
Product pricing changes
Illustration software changes: You will be able to illustrate combinations of all of our products on one system and one illustration report.
v10.2 [Jul 29, 2015]
The addition of a new Tax Report for EstateMax sales illustrations. This new Tax report includes columns for NCPI, ACB, etc.
The calculation of Alternate Values on the Summary of Variable values report for EstateMax no longer assumes a static 90% of the Primary Dividend scale.
The user can now select a reduction of -1% and/or -2% to the interest rate factor used to determine Empire Life’s current dividend scale.
v9.7 [Aug 22, 2014]
Product Changes:
Vital Link
- Implementing some pricing changes for all three of our stand alone critical illness plans.
Vital Link 100
- The Vital Link 100 rates will see an overall increase. By age band, for those under age 35 rates will increase on average by 26%, for ages 35 to 50 by 15% and for ages over 50 by 7%. Younger smokers will see higher increases than non-smokers.
Vital Link 75
- The Vital Link 75 rates will include a blend of increases and decreases. By age band, for those under age 35 rates will increase on average by 15% and for ages 35 to 50 by 7%. For those over the age of 50, the average change will be a 4% decrease from current rates.
Vital Link 10
- The Vital Link 10 rates will mostly consist of rate decreases. For ages under 35, non-smoker rates will not change. Female smoker rates will decrease by 1% and male smoker rates will increase by 9%. For ages 35 to 50, female will see rate decreases (non-smokers by 10%, smokers by 5%). For males, there will be no change to rates. For ages over 50, the average rate decrease will be 13% for all classes.
Vital Link & CI Child rider reports
- Added the “List of Covered Illnesses” back to the Vital Link and CI Child Rider illustrations. E-0764 – Vital Link Critical illness Definitions.
v9.3 [Dec 28, 2012]
Solution Series
Solution 100 with Values New premium rates, cash value and paid-up values
Cash values and Paid up values now starting at the end of the 4th policy year.
20 Pay Solution We have withdrawn this product
Trilogy
New premium rates for Trilogy and Trilogy Plus Level COI (Cost of Insurance) options.
New first year commission rates for Level COI and T-10 COI
Software Changes:
The Envision Illustrator is supporting the product changes.
Resolved Issues:
Solution Series minimum coverage amount
