Whole Life Insurance
In Canada, whole life insurance is one of the most popular types of life insurance. It covers you for the rest of your life as long as you pay your premiums on time. As a result, whole life insurance is often known as permanent life insurance.
Why is whole life insurance important?
Protection matters.
Whole Life Insurance Gives You Peace Of Mind
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Whole Life Insurance Solutions
20-year term life
People who choose a 20-year term frequently do so because they have a clear notion of what their financial situation will be in the next 20 years and how much debt they will have.
This term life insurance option is best for
- You just got married and are planning your future
- Buying a new house in the next couple years is a definite possibility
- You recently bought a house
- You have younger children or you're growing your family
10-year term life
For people with shorter-term financial responsibilities, a 10-year term is often the best option. Ultimately, your goal is to assist in the financial safety of your family.
This term life insurance option is best for
- You have a student or car loan
- Your mortgage is in its final 10 years
- Your kids are moving out soon
- Retirement is on the horizon
Term-100 Life
People who choose a 20-year term frequently do so because they have a clear notion of what their financial situation will be in the next 20 years and how much debt they will have.
This term life insurance option is best for
- You want lifetime coverage to help protect your family's financial future
- You want to lock in your cost
- You want to make sure your final expenses are taken care of
Protection and peace of mind
When to Consider Using Whole Life Insurance
Lifetime Coverage
With whole life insurance, you're covered for the rest of your life, not just for a set amount of time.
Cash Value Guarantees
You can use the money in your insurance to cover any unforeseen bills or to enhance your retirement income.
Potential for Dividends
A portion of your premiums is invested, and the profits may be distributed to you as dividends.
Estate Planning
Whole life insurance is a great way to secure your assets and pass them on to future generations because of its unique qualities.
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EleCreative has helped us with everything from brand design to video, photography, writing, web, and print over the years. Projects are always tackled with zeal, care, and a commitment to completing them on time and on budget.
EleCreative has helped us with everything from brand design to video, photography, writing, web, and print over the years. Projects are always tackled with zeal, care, and a commitment to completing them on time and on budget.
EleCreative has helped us with everything from brand design to video, photography, writing, web, and print over the years. Projects are always tackled with zeal, care, and a commitment to completing them on time and on budget.