Plan Types

Term 10 | Term 20 | Term 30 | Term 65 | Term 75 | Term 100

Description

• Short term protection covers liability and mortgage
• Most affordable Life Insurance.
• Premiums are locked in for the entire term of your policy.
• Renewable at the end of the specified duration.
• Conversion options: Can be converted to a permanent plan without medical evidence.
• Your designated beneficiaries will receive the death benefit tax-free.

Plan Types

10 Pay | 15 Pay | 20 Pay | 65 Pay | 100 Pay

Description

• Protected for your entire life
• The premiums are fixed according to plan preference
• Quick pay options allow flexibility of premium payment duration. Policy is guaranteed to be paid-up at
  the end of 10, 15 or 20 years, whereby no further premium payments are required while providing protection for life!
• Invest wisely- Since you are at less risk when you are young, premiums are much lower and you will
  secure lifetime coverage that is more cost-effective than term insurance in the long run.
• Contains Guaranteed Cash Values – A portion of the paid premiums are allocated to the “Guaranteed Cash Value” reserve which are available should the policy owner decide to surrender/terminate the policy. Alternatively, borrowing against the cash values is an option at the interest rate determined by the carrier.
• Highly recommended for young adults

Plan Types *Varies by carrier

10 Pay | 20 Pay | 100 Pay

Description

• Tax Free Benefits: Whether you choose cost of insurance level or increase (YRT or ART), the policy amounts paid to beneficiaries is tax free.
• Tax Shelter: Universal life insurance policies have a policy
  accumulation fund portion; and it accumulates on a tax sheltered basis. Most Canadian insurance companies offer a range of investment options with all risk levels.
• Tax Free Accumulation: Money stays in your policy accumulation fund and grows tax free.
• Recommendation: Highly recommended for business owners or self employed individuals.