Personal insurance

Life Insurance
Protecting you and your family.

Life insurance is purchased to cover income loss in case of death, but it
also provides for assistance in expenses such as medical, child care costs
and more depending on the policy. Death isn't always necessary for the insurer to pay the value of the insurance policy. Some policies contain provisions for retirement income and tax-sheltered savings.

Term life insurance protects you over a fixed number of years. You pay out a regular premium rate over the time period of the policy. The face or total amount of the term life policy is paid out only if the insured dies during the time covered by the policy. It has no savings or cash surrender value. Premiums are lower than permanent insurance policies. However, at the end of the policy term, the term life policy is renewable at a higher premium rate.

Permanent life insurance has lifetime protection, with savings, but its premium is constant throughout the life of the policy. There is flexibility in premium period. It can be for 10 years, 15 years or the period of your choice. Thereafter you are insured lifelong.

Permanent insurance provides excellent protection at relatively low cost. The policy has a cash surrender value against which the insurer may borrow or which he or she may receive if the policy lapses.

	home about us personal business general custom programs Buy On Line contact us Personal insurance Life Insurance Protecting you and your family. Life insurance is purchased to cover income loss in case of death, but it also provides for assistance in expenses such as medical, child care costs and more depending on the policy. Death isn't always necessary for the insurer to pay the value of the insurance policy. Some policies contain provisions for retirement income and tax-sheltered savings. Term life insurance protects you over a fixed number of years. You pay out a regular premium rate over the time period of the policy. The face or total amount of the term life policy is paid out only if the insured dies during the time covered by the policy. It has no savings or cash surrender value. Premiums are lower than permanent insurance policies. However, at the end of the policy term, the term life policy is renewable at a higher premium rate. Permanent life insurance has lifetime protection, with savings, but its premium is constant throughout the life of the policy. There is flexibility in premium period. It can be for 10 years, 15 years or the period of your choice. Thereafter you are insured lifelong. Permanent insurance provides excellent protection at relatively low cost. The policy has a cash surrender value against which the insurer may borrow or which he or she may receive if the policy lapses. Life (Term & Permanent) Mortgage Insurance Disability Income Replacement Critical Illness Estate Planning RESP RRSP & Pension Plans Long Term Care © 2010 Financial Independence. All rights reserved.