Another rate increase, Industrial Alliance

by Glenn on June 13, 2012

I can’t keep up with the rate increases!  Only a few hours after RBC announced they were dropping permanent products and increasing rates comes a similiar announcement from Industrial Alliance.  IA will be increasing their premiums for their level universal life product, on average of 8-10% for people under the age of 60.  They’re also increasing premiums on their term life insurance products as well.

This is the second rate increase from Industrial Alliance in 2012.  I guess the first one wasn’t a large enough increase.

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