It is temporary coverage that provides a one-time, tax-free, cash benefit to your chosen beneficiaries when you die.
It is often a suitable solution for times when financial risk is high, but available funds are limited, or a low-cost solution is all that is needed.
Most term life policies are both renewable and convertible - meaning you can renew coverage at the end of the chosen term, and/or convert to permanent insurance regardless of any changes to your health, occupation, or lifestyle.
Relatively low cost, and fixed payments for the duration you choose.
Choose the period of coverage that best suits your unique needs and circumstances.
Your insurance benefit is paid to the beneficiary of your choosing.
Generally, term life insurance is more affordable than permanent life insurance. There are a number of factors that can affect policy pricing, including:
Generally, insurance cost less for younger age groups, and more for older age groups.
Women live longer than men on average, so insurance may cost less than for males.
Your unique health history, family history, chronic diseases and lifestyle can impact costs.
High-risk occupations can increase cost. Conversely, low-risk occupations can reduce cost.
This will depend on your unique personal circumstances. Best practices are to ensure your debts are covered, as well as the financial security of your dependents.
Here are a few things to consider:
A professional advisor can assist you with calculating your insurance needs.
Send us a message and we'll get back to you within 1-2 business days.
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