Financial Security
Financial Security begins with strong family foundations. Invest in your future. Invest in your family.
Request a No Obligation ReviewTerm Life insurance is designed to cover needs for a short-term fixed period of time, normally 10 or 20 years. Longer terms are also available, such as 100 years. Term insurance is suitable for individuals, family members, business owners: anyone that has others dependent upon them and who wish to protect them against travesty in the event of loss. Term Life insurance could make the difference between them unecessarily selling your home or business and transitioning peacefully.
Term Coverage Ideas
Term Life insurance can be used to cover a wide variety of purposes, including major debt such as mortgage amounts or used as an annuity that replaces employment income. The Canadian Payroll Association found that nearly half of Canadian employees live paycheque to paycheque, and a third feel overwhelmed by personal debt levels. Rising debt levels include personal debt including credit card, renovation and line of credit debt, long-term debt including mortgages. Securing a Term Life insurance policy can help you and your family feel safe.
Low Cost, Tax-free, Highly Flexible Coverage
Peace of mind also comes with the fact of knowing that Term Life insurance coverage can be reduced or cancelled at any time. Term Life insurance is the least expensive coverage and is easy to setup and in Canada is paid to your beneficiaries on a tax-free basis.
Mortgage Insurance vs. Term Life Insurance
Many people enter into a mortgage debt arrangement without fully understanding if they additionally signed on for mortgage insurance with the bank. Banks are not competitive with insurance companies and have many disadvantages. Foremost important is that mortgage insurance is not underwritten, in otherwords is not guaranteed and can be cancelled at any time by the bank. In contrast, a properly set up Term Life insurance policy is guaranteed for the life of the term period and cannot be cancelled. The Bank's mortgage insurance is also set up with a decliing not fixed term, is often 4x more expensive, along with other disadvantages. Our qualified advisors can assist you to make the smart choice of switching to a fully underwritten Term Life insurance policy.
Obtain Your Term Life Insurance Quote Now
We can help. A Term Life insurance policy will give you the certainty needed for peace of mind. Request a free, no-obligation quote from us, and we’ll get back to you soon. Just click the Insurance Button below.
