To
discuss your Personal Life Insurance with one of our professional
personal lines representatives
today, call 905-886-5630 or
toll free at 1-800-567-1279,
or fill out the online quote
form.
Life
Insurance provides for a sum of money on the death of the insured
life. Generally coverage is available as Term Insurance,
Permanent Insurance, Mortgage Insurance, Universal
Life or some combination of these.
Permanent
Life Insurance is any other type of life insurance other than
term insurance. The main distinguishing feature from a term policy
is that the benefit period can extend beyond the term of payment.
A
Universal Life policy is a long-term financial planning
tool. The financial security plan acts as tax sheltered savings
vehicle that can be used to accumulate large dollar to fund for
such things as a well-deserved retirement, finance an acquisition,
education savings for children or leave as an inheritance. Compared
to other savings vehicles available in the market (GICs, savings
bonds, etc.), this product has many competitive advantages:
- allows
for multiple insured's
- fully
guaranteed costs of insurance
- multiple
investment options (includes market index accounts)
- interest
bonuses on amounts accumulated
- guaranteed
paid-up insurance options after either 10, 15 or 20 years plus
an extra interest bonus
- term
insurance providers (10 or 20 years)
- new
disability income benefits
- surrender
charges that do not penalize the excess premiums paid by the
client
- shuttle
amounts that exceed the exempt status.
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