Coverage overview

Life Insurance

Life insurance provides a tax-free benefit to beneficiaries if the insured person passes away while the policy is active.

Common options to compare

Term Life Insurance

Affordable protection for a fixed period such as 10, 20, or 30 years.

  • Often used for mortgage, income replacement, or family protection
  • Usually lower initial cost than permanent insurance
  • Coverage ends or renews at the end of the term

Whole Life Insurance

Permanent coverage with level premiums and potential cash value.

  • Lifetime coverage if premiums are paid
  • May include guaranteed cash values depending on plan
  • Often used for estate planning and long-term protection

Universal Life Insurance

Flexible permanent insurance with investment-style account options.

  • Lifetime coverage with flexible premium structure
  • Can support long-term savings and estate planning goals
  • Requires careful review and ongoing management

What to keep in mind

This page is for general information only. Availability, eligibility, pricing, covered benefits, exclusions, and underwriting rules vary by insurer, province, age, health, and policy wording. A licensed advisor should review your needs before you buy coverage.

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