AXA's Universal Life Insurance combines adjustable life insurance with a savings opportunity. Another interesting product is the AXA Art product, where individual art collectors can safeguard their valued pieces such as antique furnishings or vintage wine and others.
Their Term 10/Term 20 life insurance products have matchless characteristic that many buyers are completely unaware of. AXA Canada is the only life insurer in Canada to prepare a term product with a inclusive Extreme Disability Benefit (EDB). Sometimes instances, the price is less than traditional term insurance products. The pro of this coverage is that, not only is the insured's relatives covered if he/she passes away within the stated time, but the product provides the bonus protection of the Extreme Disability Benefit. This aspect can grant bonus value to Canadian citizens who struggle with lengthy and often risky winter driving conditions. The Extreme Disability Benefit provides out 50% of the policy sum (up to a maximum of $250,000) for insurees who bear the disability. An extreme disability claim needs the insured to have suffered a permanent disability and is dependant on assistance with 5 of the seven functions of standard life.
I can see there are for sure boundaries connected to this AXA life insurance product, and it may not be exchanged with normal disability product (which covers a much wider spectrum of disabilities). The ED must come before age 60, and this claim lowers the death benefit claim one dollar for one dollar. Therefore, if someone with a $600,000 life insurance policy develops an extreme disability, and later dies--the $250,000 Extreme Disability Benefit will be taken away from the $600,000 insurance claim.