Participating Life Insurance policies are typically Whole Life insurance contracts. Participating means that policy holder receives a portion of insurance company’s earnings via dividend.
Individual Term Life Insurance provides coverage at a fixed premium for a limited amount of time (term). After the term expires, you can forgo the coverage or renew it at higher guaranteed premium.
Individual Whole life is a permanent type of life insurance. It describes coverage that is in place for life. Also referred to as individual full life insurance. As long as your premiums are paid, your beneficiary will receive the benefit amount upon your death.
Individual Permanent Life Insurance, covers you for your entire lifetime. Permanent life insurance is an umbrella term for life insurance plans that do not expire.
Life Insurance market offers many choices. How to start navigating it without getting lost? To pave the path, first figure out whether you need Term or Permanent product. And let us hold your hand, of course.
Whether you consider Term or Permanent coverage or combination of both, let our professional team create a custom solution for you! Contact us here.
Canadian population is aging. By the year 2036, it’s expected that 25 per cent of the population will be over 65 with almost 1 million Canadians afflicted with dementia. Many Canadians mistakenly believe that full-time care in a long-term care facilitywill be fully paid by government health care programs. However, long-term care is not covered by the public healthcare system.
