Buy Permanent Life Insurance From Anywhere in Ontario
Build Wealth, Ensure Legacy: The Promise of Permanent Life Insurance
Get Permanent Life Insurance coverage in 3 easy steps!
What is a Permanent Life Insurance Coverage ?
Permanent Life Insurance is a type of life insurance policy that provides lifelong coverage, compared to term life insurance that covers a specified term. It doesnât expire as long as premiums are paid.
The life insured can borrow or withdraw funds from their cash value, and in event of death, your loved ones will receive a lump sum payment to help take care of their financial needs.
Benefit Of Permanent Life Insurance:
- Mortgage payments
- Support for a spouse
- Funeral costs
- Business expenses
- Childcare costs
- Children tuition
- Living expenses
| Permanent Life Insurance | Term Life Insurance | |
|---|---|---|
| Coverage Duration | Fixed term (10-40 years) | Coverage for whole life |
| Cash Value | Has a cash value component | No cash value component |
| Death Benefit | Paid out upon your death | Paid out if you die during the term |
| Premiums | Higher than term life insurance | Lower than permanent life insurance |
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