Product Disclosure - Premium and fees information



The client decides on the frequency of premium payments. They can be paid:

  • Annually
  • Semi-annually
  • Quarterly
  • Monthly

There are no modal charges.


The total charges include:

  • COI*
  • Provincial taxes on deposit
  • $8 per month* per policy
  • $2 per month* per Perspecta coverage
  • Premiums for additional benefits and riders
  • Flat extra charges

* These amounts are no longer withdrawn when all Perspecta coverages are paid-up.

The COI rates are based on the client's health and lifestyle and are determined by our underwriting department. For a Perspecta single coverage issued for an insured under 18, when the insured reaches age 18 or after, he can request non-smoker COI rates for the policy year following the request. The insured will need to provide evidence of non-smoking status that is satisfactory to us.

There is a first year minimum premium to be paid in order for the policy to remain in force. It is based on the COI option selected and the province of residence of the policyholder.


Management fees for the investment options

For more information, please refer to the Perspecta Management Fees and underlying Fund Management Expense Ratio (MER).


Surrender fees and policy loans

With a partial or full surrender of the policy, there are surrender fees corresponding to a percentage of the first year minimum premium. The fees apply for the first nine years following the issue of the policy or an increase of the sum insured requested by the policyholder.

Partial and full surrenders and transfers from each Term Investment Account (TIA) segment are subject to a market value adjustment. No market value adjustments are applicable to monthly deductions from the TIAs.

The interest rate on policy loans is the rate of the Daily Interest Account plus 2%


We also reserve the right to charge a fee for services related to any requests for change of information made by the owner.