Life insurance - PAC amount changes

When changing the PAC amounts on life insurance policies, keep in mind:

  • a minimum of 5 business days notice is needed to process the change by the next withdrawal date.
  • the policy premium amounts can only be changed on universal life policies.

Minimum PAC amounts

To change the PAC amount on a life insurance policy, please use the Request centre form PAC amount - change. If the client has multiple PAC arrangements, complete a separate request for each arrangement.

Payment type

Minimum amount required

Loan or premium fund payments

$20

Universal life policies, premium and accumulation/policy fund

$20