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Our term life insurance product provides low-cost coverage for a defined period.
Who Should Consider Term Life Insurance?
- Persons seeking coverage for a limited period (young adults, young couples or young families).
- Persons wishing to meet their need for insurance despite budget constraints.
- Owners of small and medium-sized businesses (to obtain coverage in case of the loss of a key employee).
Features and Advantages
- Your sum insured and your premiums are guaranteed for the term of your insurance.
- Your premiums are determined on the basis of the chosen sum insured, the general condition of your health and your lifestyle.
Several options are available:
- Renewable & Convertible term coverage for 10, 20 or 100 years.
- Now also available for 35 or 40 years.
- Choose any number of years between 10 & 30, for e.g. 17 years or 26 years to match your need.
Insurance is renewable when you can renew it at maturity, upon payment of a higher premium, without having to submit medical justification or other evidence of insurability.
- Insurance is convertible when you can convert it into permanent insurance without having to submit evidence of insurability.
Whole Life Insurance
Designed to provide guaranteed lifetime financial protection, Whole life insurance is perfectly suited to the needs of people who are seeking financial stability and security for their loved ones in the event of a premature death.
Who Should Consider Permanent Life Insurance?
- Persons wishing to ensure the financial security of their loved ones in the event of death.
- Persons seeking a simple, flexible and affordable product. Whole life policies can be paid up in limited time period for e.g. you can pay off the policy by paying premiums in 10, 15 or 20 years.
- Whole life policies have guaranteed cash values and you can surrender your policy against your cash values, if you wish.
- Some whole life policies offer very high guaranteed cash values, as much as 50% of sum insured, at age 65 or above and such policies can be bought to accumulate guaranteed savings for your retirement as well as remain insured till then.
Universal Life Insurance
In a universal life insurance product, you can insure the financial security of your loved ones through one and the same contract and at the same time accumulate additional tax-sheltered amounts. Universal Life policy provides you with a flexible financial program that you can adapt to your changing needs.
Who Should Consider Universal Life Insurance?
- Individuals or families seeking financial security and wishing to accumulate additional funds (to carry out retirement plans).
- Young dual-income professional couples that can pay the insurance premium more quickly.
- Persons with a higher-than-average income who are looking for a tax-sheltered savings vehicle other than a registered retirement savings plan (RRSP).
- Business people, to finance a shareholders' agreement or insure a key employee.
Features and Advantages
- You obtain affordable permanent life-insurance protection combined with an attractive tax-sheltered savings account.
- You can choose and modify the amount of insurance, the cost options, the payment frequency, and the premium amount in accordance with your needs.
- You can enjoy an advantageous premium reduction on the basis of the general state of your health and your lifestyle.
- You have the opportunity to make partial withdrawals to carry out your favorite projects.
- You can obtain a premium holiday if you are temporarily unable to make your usual payments.
- You personalize your contract when it is issued and at any other time through a wide choice of riders and additional benefits.
- You enjoy guaranteed quick-payment options for periods of 10, 15 or 20 years, including guaranteed cash surrender values.
High Cash Value
Our term life insurance product provides low-cost coverage for a defined period.
Who Should Consider Term Life Insurance?
- Persons seeking coverage for a limited period (young adults, young couples or young families).
- Persons wishing to meet their need for insurance despite budget constraints.
- Owners of small and medium-sized businesses (to obtain coverage in case of the loss of a key employee).
Features and Advantages
- Your sum insured and your premiums are guaranteed for the term of your insurance.
- Your premiums are determined on the basis of the chosen sum insured, the general condition of your health and your lifestyle.
Several options are available:
- Renewable & Convertible term coverage for 10, 20 or 100 years.
- Now also available for 35 or 40 years.
- Choose any number of years between 10 & 30, for e.g. 17 years or 26 years to match your need.
- Insurance is renewable when you can renew it at maturity, upon payment of a higher premium, without having to submit medical justification or other evidence of insurability.
- Insurance is convertible when you can convert it into permanent insurance without having to submit evidence of insurability.
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