Universal Life Insurance
A very adaptable financial tool, universal life insurance offers your loved ones financial protection that is tailored to your unique financial, family, and job circumstances. This type of insurance combines life insurance and tax-favored savings, two crucial components of wise financial planning, into a single contract.
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Advantages
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Flexible: Flexible premium payment allows you to decide whether to pay extra premiums to save money for all of your initiatives and objectives.
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Secure: Ensures that your beneficiaries will get a quick inheritance and a death benefit that is not subject to taxes.
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Diversified: Any investor's demands can be met by a variety of investment options, from cautious to aggressive, which can also assist diversify your tax-sheltered savings portfolio.
Permanent Life Insurance
It's a recommended method for ensuring our loved ones' financial stability while effectively covering your insurance requirements, including bequests to your heirs, estate taxes, funeral expenses, and financial commitments. Additionally, it might safeguard an investment or keep your company operating continuously. Whatever your motivation for signing up, our flexible and guaranteed permanent life insurance will accommodate your family's changing demands.
Because it offers additional guaranteed values, including a surrender value and paid-up insurance, this type of insurance differs from term insurance.
Advantages
Flexible: You wish to amend your coverage because your needs have changed. With our adaptable products, you may change your coverage over time to meet your changing demands.
Customized: No unforeseen events, no concerns! Budget-friendly insurance that you can choose to pay for for predetermined lengths of 10 or 20 years, or until you retire at age 65.
Reassuring: The cost and scope of coverage are just two of the many guarantees that come with this insurance. This makes budgeting simpler because your rates will never go up.
Term Life Insurance
A quick and inexpensive solution that offers tax-free payments in the case of death is term life insurance. If you have a mortgage or are a parent of young children and wish to cover their expenses until they become independent, this coverage is especially useful. This particular kind of life insurance is intended to safeguard your family's financial stability for a predetermined amount of time.
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Advantages
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Affordable: You will benefit from more coverage and lower premiums than with permanent life insurance because the time is fixed.
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Simple: For the duration of the term, your premiums and coverage won't change. You have the option to either choose another type of insurance or renew your coverage at the end of the term.
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Flexible: You can choose insurance coverage that matches your changing demands by adjusting the coverage period, which can range from 10 to 40 years.
Participating Life Insurance
Participating life insurance is a type of permanent life insurance that offers the bare minimum of protection, with a completely guaranteed premium, cash surrender value, and death payout. Additionally, you can yearly receive dividends.
These dividends may be applied to one of the following four dividend alternatives, as per your preference: Paid-up additions (PUA), annual premium discounts, and deposits with interest are all options. Depending on how your demands change, you can always change the solution you've chosen.
Advantages
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Solidity: By selecting us, you may take advantage of the reliability of one of Canada's largest insurance and asset management firms with more than a century of experience.
Discipline: The Participating account is handled by us professionally, an accomplished group with unmatched asset management skills.
Stability: Our team of portfolio managers takes a cautious, methodical approach to maximising long-term returns.
Free Consultation
Let's go over your needs and draft a plan that works for your financials.