Term Life Insurance

Term life insurance can provide very affordable coverage because, at first, its premiums are lower than those of other types of life insurance. However, its cost increases over time and it does not protect people for their entire life. It offers the possibility of adapting the the policy’s holder coverage based on the evolution of the policy holder’s needs over the years.

Permanent Life Insurance

Permanent life insurance (also known as whole life insurance) is permanent, as its name indicates. It stays in effect as long as you pay your premiums regardless of your age or health status.
Permanent insurance is particularly attractive for people who do not like surprises. They want to be sure that their insurance will last as long as they are alive. They also want to know how much they will have to pay each year and for how long.

Universal Insurance

It is a term insurance, a permanent insurance and a savings account combined.  Its premiums are low as those of a term insurance.  It can, as a permanent insurance, cover you for life, in addition to allowing you to save.

Universal Life insurance is a good option for those looking for ways to save tax-free outside of an RRSP or other pension plan to maximize the value of their family wealth. It is also a good way to ensure the preservation of an important heritage in order to leave it to future generations.