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Buy Permanent Life Insurance From Anywhere in Ontario

Build Wealth, Ensure Legacy: The Promise of Permanent Life Insurance

Family with 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 doesn’t 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.

permanent life insurance

Benefit Of Permanent Life Insurance:

  • Mortgage payments
  • Support for a spouse
  • Funeral costs
  • Business expenses
  • Childcare costs
  • Children tuition
  • Living expenses
Permanent Life InsuranceTerm Life Insurance
Coverage DurationFixed term (10-40 years)Coverage for whole life
Cash ValueHas a cash value component No cash value component
Death BenefitPaid out upon your deathPaid out if you die during the term
PremiumsHigher than term life insurance Lower than permanent life insurance

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