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.