Canadians take out life insurance for many reasons. It could be to pay for final expenses, to cover a mortgage or to pay for other outstanding debts. Should you have enough life insurance, it could also provide your family with an income stream to help maintain their lifestyle should you pass away.
Term Life Insurance
This covers temporary needs such as paying off a mortgage. These policies typically have a level premium for 10, 20 or 30 years and then go up based upon your age at time of renewal. Because term insurance is initially a lower premium it is good for families who have young children.
Permanent Life Insurance
This has level premiums which last for the duration of the policy. Permanent life insurance is best suited to cover permanent needs such as final expenses and estate equalization or to provide your family with an income. Because permanent policies have the ability to accumulate cash, money can be accessed to either pay for the premiums or for personal financial needs.
This type of insurance can be further divided into 3 types:
Fill out our online form and one of our trained professionals will help you determine what type of insurance will best suit your needs.
The answer is yes! Fill out our online form and one of our trained professionals will help you determine what type of insurance will best suit your needs.
We can offer you a Guaranteed Issue Life Insurance policy. When you apply for this type of insurance, there is no medical exam or questionnaires. Your acceptance is guaranteed and if you pass away within the first two years, your premiums will be refunded. In addition to that, your premiums will never increase.
Kindly fill out our online form and we will be in touch to discuss your needs.
No Medical Insurance can be purchased between the ages of 20 and 85 without doing a medical exam or reports. The only thing you will have to do is fill out a simple health questionnaire. This means you can get covered in just a couple of days!
This plan will suit you if: