RepresentativesResourcesMultiple Policy and Family Discounts

Multiple Policy Discount and Family Discount: Bundle policies and save!

Eligibility Requirements

  1. Policies must be received and issued at the same time, as they will be group-processed.
  2. At the time of purchase, a Pre-Authorized Debit Agreement must be completed and signed for each insurance application submitted.
  3. The fee discount applies only to TERM INSURANCE series administration fees, never to products such as PAIRE, ASSURE-DEBT, Prodige or Survie 2000.
  4. Humania Assurance - Insurance Without Medical Exam and P.A.G.E. are not eligible for discount.

Rebate Rules and Guidelines

Multiple policy discount

Multiple Policy Discount

If the same individual purchases, for himself or herself, a term series policy plus one or more additional policies (PAIRE, ASSURE-DEBT, Prodige, Survie 2000, Term Critical Illness and/or Term Life), the following rules apply:

  • The administration fee for the first policy (PAIRE, ASSURE-DEBT, Prodige, Survie 2000 or term) will apply and the subsequent term policy or policies will not be subject to an administration fee.
  • However, if the individual purchases, for example, a PAIRE and Prodige product: no fee discount, as the discount applies to the TERM SERIES product only.
Family discount

Family Discount

The family discount is based on policies with the same payer (same bank account). Applications are submitted and issued at the same time, and policies have the same effective date. The discount is applicable for one family only: grandparent, parent, spouse, child (the discount does not apply to policies where a company or organization is the policyholder or payer).

  • The administration fee for the first policy (PAIRE, ASSURE-DEBT, Prodige, Survie 2000, Term Critical Illness or Term Life) with the same payer and for the same family will apply.
  • The administration fee for the second term series policy will be reduced by 50%: $37,50.
  • Subsequent term series policies (three or more with the same payer and for the same family) will not be subject to an administration fee.