Term Life Insurance
Term Insurance is the least expensive solution for Canadians. Term provides protection periods of 10,20,30 or 40 years. at a level cost. Whatever period you select, the policy renews automatically at a higher rate.
I.E., Select a Term 20, the plan will renew every twenty years as shown in your Illustration. The policy may be renewed after the term expires; however, premiums generally increase with age. Term life insurance usually protects the insured until 80 or 85 years of age, depending on the policy selected.
Term Insurance is generally used for Debt, Mortgage, Income for surviving spouse, and or children. Term and permanent insurance can work together to provide coverage that meets your needs.
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