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Life Insurance

Term Insurance

  • Insurance at the lowest cost 
  • Meets a need to provide coverage for a set period of time, for example: mortgage, automobile, period during which children are dependent
  • Can be offered based on terms, i.e. T-1, T-5, T-10, T-20, T-65 and T-75
  • Most of the time, this product is renewable and transferable

Permanent Insurance

  • Cost and coverage fixed for life
  • Premiums are often waived at a specific point in time
  • Very rigid product structure
  • Has a cash value component or pays dividends, depending on the plan

Universal Insurance

  • Universal InsuranceProduct offered based on a TRA (T-1) or uniform (T-100) timeframe
  • Offers greater flexibility given the premium paid under the plan
  • Allows savings to grow tax free
  • Can be a very efficient for financial planning (retirement or estate planning) 
  • Values available to the insured during their lifetime 

For a Child

Most insurance products allow you to add a life insurance coverage amount for a child. This guarantees the child’s future insurability, at a low cost.

Your client can buy a life insurance policy with waived premiums when his children are very young. Once the number of years set out in the contract has passed, no further premiums are required and the child remains insured for the life of the contract.

Need more information? Just contact us!