Equitable Life Of Canada Update
What This Covers
This session breaks down Equitable Life’s recent performance and how it supports your journey as a policyholder. You’ll learn how your policy contributes to a stable, growing system, and why that matters in uncertain financial times.
Why Clients Use It
To understand the financial health of Equitable Life
To see how dividends and policy performance tie into their family banking system
To reinforce confidence in mutual insurance as a long-term strategy
To learn about recent upgrades to the client portal (e.g. policy loan access)
Key Insights by Timestamp
00:00 – 01:50
While banks get all the headlines, mutual insurance companies like Equitable Life quietly provide stability.
Becoming your own banker helps reduce reliance on banks, taxes, and government interference.
01:50 – 02:59
Equitable Life is a mutual company (owned by policyholders) operating since 1920.
Recent portal upgrades allow clients to access policy loans directly, making the system more accessible.
02:59 – 04:29
Corporate capital planning and preparing for financial windfalls will be covered in future sessions.
Equitable Life achieved a 12% return on policyholder equity in 2022.
Policyholder equity reached $1.3 billion, growing steadily year-over-year.
04:29 – 05:41
Dividends for participating policies have seen 27% growth year-over-year.
Dividends have been paid every year since 1936, through recessions and global events.
06:18 – 07:35
Over the past 30 years, Equitable Life’s performance has outpaced traditional instruments like bonds and GICs.
A diagram was shared showing how premiums flow into the participating account and return to policyholders via dividends.
08:10 – 09:37
Equitable’s Capital Adequacy Ratio (LICAT) stands at 150%, well above the 90% regulatory minimum.
This signals a strong capital base and long-term sustainability.
10:12 – 10:48
Premiums received vs. claims paid shows the company maintains robust reserves, fulfilling obligations while staying profitable.
Key Takeaway
Equitable Life is financially strong, dividend-rich, and policyholder-focused. As a co-owner, your premiums are building a system that grows steadily, even in volatile economic times. This is what it means to truly “become your own banker.”