Life Insurance

Life insurance pays a lump sum benefit upon death of the insured person. There are many types of life insurance plans. Detail for each type of plan will be discussed on their own respective pages. We will briefly introduce the different types here.

Term Insurance:

It covers the insured person for the term period selected and the cost of insurance is fixed and guaranteed for the term period. After the term period is completed the life insurance renews for an other term of the same length but the cost is significantly increased. For more details please go to the term insurance page.

Whole Life Insurance:

This is one type permanent life insurance plan that has guaranteed cost of insurance for whole life or it may be paid off in a shorter period of time. Depending on how the plan is structured the policy may have guaranteed cash values starting in a number of years after the policy started. The policy may also have dividends that add to the cash values. For more details please visit the whole life insurance page.

Universal Life insurance:

Universal life insurance is another type of permanent life insurance that allows you to invest money in a side account in side the insurance policy. You as the policy owner are allowed to chose some investment funds from the options the insurance company offers. More details on this topic please go to the page for universal life insurance. 

Click here to request a quotation for your insurance needs. If you have any other questions please feel free to contact me at 604 592 5433 or email at [email protected] .