Things you need to know
Ensuring our family and loved ones will be taken care of in their time of need is a desire all of us share and one of the many reasons having a life insurance policy is so important.
Whether you are concerned about protecting your mortgage or providing your children with post-secondary education, a term insurance policy can be purchased for a fixed amount of time and is a cost effective choice to secure your beneficiaries’ financial well-being, allowing them to continue to pay for the things that matter. This type of coverage works on its own and it can also be converted into permanent Insurance to create personalized coverage that meets your needs.
Affordable protection that can adapt to your changing needs
- Term insurance is the most cost-effective temporary coverage choice for income replacement, mortgage and debt protection.
- A 10-year term policy gives you insurance protection for this limited amount of time to cover debts such as a short-term mortgage.
- A 20-year term policy is an option for those who think they will no longer need income protection or have large debts and expenses, like a mortgage, post-secondary education, after that period of time.
- A 30-year term policy is a cost-efficient way to protect your family in the case of longer-term debt or retirement income protection.