Life Insurance
Life Insurance products (Term, Whole Life,
Universal Life) will ensure that you and your family are
financially secure for your lifetime.
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When you plan for the future, one
of the things you count on is continued income for
yourself and your family. Without this income, your
family’s lifestyle and standard of living may be
at risk. Should you die prematurely, a new source of
regular income will have to be found. Most Canadians
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use life insurance to address this
problem. Life insurance creates an instant estate to
support your family in case of your premature death. In
addition to providing a tax-free benefit upon death,
life insurance has may other applications. It can be a
vehicle to provide:
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A considerable bequest to your
favourite charity
A starter financial plan for your
child
Keyperson protection if your
business loses an important employee
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Buy sell protection
Mortgage protection
Additional income to supplement
your retirement
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There are various types of life insurance
available to today’s buyer. We are proud to offer a
complete portfolio of insurance products designed to meet your
current and future needs. We offer the following:
(A) Term Insurance
Designed to meet short-term needs. Our Five
and Ten Year Term plans provide a guaranteed and level amount
of insurance. Term policy premiums are low at the beginning and
increase at regular intervals.
(B) Whole Life Insurance
Provides guaranteed level premiums and
guaranteed insurance coverage for life. The level premium is
higher than initial term insurance premiums, but this higher
premium contributes toward a significant tax-deferred savings
component. We offer several permanent Whole Life Insurance
plans which have the potential to pay dividends.
(C) Universal Life Insurance
Another form of permanent insurance,
Universal Insurance offers more flexible premiums and changes
in unsurance coverage amounts. A separately identifiable
savings component builds up under one of several investment
options and varying rates of return.
Level Term Insurance
Provides guaranteed level premiums and
guaranteed coverage for life. There are two versions of this
product. One version requires lifetime premium payment and
provides no cash accumulation within the plan. The other
version features a 20-year premium payment period and provides
a guaranteed cash value after this time.
Whatever your insurance and financial
needs, we have the plan for you!
