Life insurance can be one of the most important and valuable decisions you make towards protecting and planning for your loved one’s financial security. Every day, we help clients to properly understand the life insurance market and simplify the process by providing options for your individual situation. We will provide you with one-on-one service, giving you the most cost effective and beneficial options for you and your family by taking your age, health, family status and economic situation into consideration. The Canadian insurance policies fall under two categories i.e., term life insurance and permanent or whole life insurance. The whole life insurance is a permanent insurance scheme and provides protection for the whole life of the insurer. It can build equity and have cash value.
The premium rates are higher than the term life insurance and are more valuable in the long run. The term life insurance gets coverage for a definite period of life.
The insurer will have peace of mind as they will know that their loved ones will not be left with any debt or financial burden if something happens to them. There might be certain incidents in life because of which a person has to re-evaluate and re-settle the financial goals.
Why is life insurance important –
It covers your financial commitments
It permits your family to preserve their level of comfort
It covers death linked expenditures
It permits you to leave a legacy
It completes life insurance coverage offered through your employer