Maritime Life has announced a series of enhancements to its critical illness and universal life products, effective immediately.

“These new product enhancements underscore our commitment to providing innovative and competitive products to our customers and distributors,” said Daniel Dessureault, VP of retail sales and marketing delivery. “Our focus is to deliver high quality, specialized products that are among the most competitive in the market in terms of pricing, flexibility and providing security to our customers across Canada.”

To its critical illness product, Maritime Life has added a new Global Health Care Rider. This enhancement should appeal to clients who are concerned about timely access to quality health care in Canada, and the cost associated with seeking treatment elsewhere. It provides up to $1 million for worldwide medical treatment/

Other enhancements to Maritime Life’s critical illness products include: access to Best Doctors at time of diagnosis; extended juvenile coverage; and the inclusion of two new covered conditions — aortic surgery and heart valve replacement.

Maritime Life is also introducing new enhancements to its universal life products, including: lower cost of insurance; the introduction of nine managed linked accounts on ‘Universal Solutions’; reduced expense rates on variable interest accounts with the investment income tax included; and new, simpler, optional investment bonus.