Term Life Insurance Quotes

 

Term Life Insurance quotes in Toronto secures the finances of yours and your near and dear ones. It is tax-free and offers cash to your beneficiaries after you depart. There are different policies that qualify you for different insurance amounts. How much life insurance you should have depends on your individual needs.

There are two kinds of life insurance.

1. Term Insurance: 

This is temporary insurance i.e. 10, 20, 25, 30……  Term 100 is also available.

Monthly premium remains the same throughout the coverage.  Also there is a possibility to renew for another term or convert into life time policy. It is recommended when there is a heavy load of debts.

2. Permanent Insurance

  • Whole life Insurance: This is the life time policy. One can do the retirement policy through dividend, paid by the policy.  There is option to pay the premium, 10 years, 15 years, 20 years or life time.  You can take the dividend as a loan when you have enough dividend accumulated in your policy.
  • Universal Life policy: This is basically an investment policy as well as provide the coverage for your life.  You have option to choose you’re the investment of your choice.

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