

Life Insurance
Term Insurance
Plan Types
Description
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Short term protection covers liability and mortgage
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Most affordable Life Insurance.
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Premiums are locked in for the entire term of your policy.
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Renewable at the end of the specified duration.
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Conversion options: Can be converted to a permanent plan without medical evidence.
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Your designated beneficiaries will receive the death benefit tax-free.
Term 10
Term 20
Term 30
Term 65
Term 75
Term 100
Whole Life
Plan Types
Description
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Protected for your entire life
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The premiums are fixed according to plan preference
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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.
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Highly recommended for young adults
10 Pay
15 Pay
20 Pay
65 Pay
100 Pay
Universal Life
Plan Types
Description
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Tax Free Benefits: Whether you choose cost of insurance level or increase (YRT or ART), the policy amounts paid to beneficiaries is tax free.
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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.
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Recommendation: Highly recommended for business owners or self employed individuals.
10 Pay
20 Pay
100 Pay
*Varies by carrier