Dealing with the loss of a loved one is difficult enough without all of a sudden having to deal with financial hardship as well. Protect your loved ones from financial burden in the event of your death. A life insurance policy will pay a cash benefit, tax free, to your beneficiaries when you die. We can assist you with the application of any one of the following types of life insurance policies:
Term 10 Life Insurance is the simplest and most common type of term insurance. It is usually purchased with the option to renew and convert it. Your premiums will remain level for 10 years at a time, and your coverage will renew every 10 years without you having to provide medical evidence. As long as premiums are paid, your coverage will remain in force until age 80 or 85, depending on the plan and the insurance carrier.
Like Term 10 Insurance, the Term 20 Insurance product is also purchased with the option to renew and convert it. With Term 20 your monthly premiums will remain level for a period of 20 years. Your coverage will remain in force until age 80 or 85.
Permanent insurance costs are usually guaranteed when you first purchase the policy. Permanent life insurance premiums can be guaranteed level for life (they don’t increase as you age, even if your health changes), or they can vary depending on the permanent insurance plan you choose.
Some of the Insurance Carriers we represent:
Canada Life | RBC Insurance | BMO Insurance | Great West Life | Sun Life Financial | Transamerica Life