Canadian Life Insurance
Life insurance provides whomever you choose with a one-time, tax-free payment when you die, as long as you continue to pay your premiums.
Canadian Life Insurance
Life insurance provides whomever you choose with a one-time, tax-free payment when you die, as long as you continue to pay your premiums.
There are different types of life insurance, and different ways to make it work for you. It’s not only to protect your family. It can also be part of your financial plan, so you may be able to access money in your policy while you’re alive.
Canadian Life Insurance
There are different types of life insurance, and different ways to make it work for you. It’s not only to protect your family. It can also be part of your financial plan, so you may be able to access money in your policy while you’re alive.
Starting a family
Help make sure the people you love are protected.
Buying a home
Term insurance can cover debts like a mortgage.
Getting married
Protect your spouse and the plans you’ve made for the future.
What kind of life insurance are available?
There are 2 basic types of life insurance coverage: term and permanent.
1. Term life insurance; 2 Permanent Life Insurance:
Term life insurance:
- Temporary protection
- Replace lost income
- Typically the most affordable type of insurance
- No investment Option
- You choose who receives a tax-free one-time payment when you die
Permanent Life Insurance:
- Long-term protection
- Replace lost income
- Cover debt and funeral expenses
- Build wealth
- Estate planning
- Usually more expensive than term life insurance
- Investment options
- You choose who receives a tax-free one-time payment when you die
- Build wealth inside your policy, within limits, that you can access during your life
