Term life insurance
It covers you for a set time, like 10, 20 or 30 years. It costs the least. It is good while you have a mortgage or young kids.
Life Insurance
Life Insurance: Term, Whole Life and Universal Life
Life insurance pays your family money if you die. The money is tax-free. We help you pick the kind that fits you.
What It Is
What is life insurance?
You pay a set amount each month or each year. If you die, the insurance company pays your family.
They get the money all at once, tax-free. They can use it to pay the mortgage, pay the bills, or keep your business going.
How long each kind covers you
Term life10 to 30 years
Whole lifeYour whole life
Universal lifeYour whole life
TodayThe rest of your life
The 3 Kinds
Term, whole or universal life insurance?
Whole life insurance
It covers you for your whole life. Your price stays the same. It also builds savings, called cash value, that you can use while you are alive.
Universal life insurance
It covers you for life too. You choose how much to pay, within limits. It has a savings part that can go up or down.
Is It Right for You?
Which life insurance is right for you?
- Pick term lifeIf you have a mortgage, young kids or a tight budget
- Pick whole lifeIf you want to be covered for life at a price that stays the same
- Pick universal lifeIf you want to be covered for life and have more choices
- Not sure?We help you pick. You can also mix them
Good to know
- Your price depends on your age and your health.
- You may need to answer health questions or have a health check.
- Many term plans can be changed to whole life later, with no new health check.
Questions
Life insurance questions
It depends on your age, your health, if you smoke, and how much insurance you want. Term life costs the least. Call us for a free life insurance quote.
Yes. In Canada, the money your family gets when you die is tax-free.
Term life is best for a need that ends, like a mortgage or young kids. Whole life is best for a need that lasts your whole life. Many people use both.
Yes. When your company owns it, it can also help you retire. See our Corporate Insured Retirement Program.
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