If you are wondering, what happens to the premium for your life insurances plan if you survive the whole term, well, you will be pleased to know that both Whole Life Insurance and Universal Life Insurance have a built-in cash value. This comes under the money-back life insurance policy and you can get it back. Contact Canadian LIC today for more details.
Well the name itself is self-explanatory. In money back term policies, you get a percentage of your sum assured during the tenure of the plan. This percentage is calculated on the total sum assured at the end of the maturity period. In the event of you passing away, your family will be receiving the full amount of the assured sum at the end of your maturity period, and the monthly percentage amount won’t be deducted.
The Money Back life insurance Brampton only falls under the categories of Whole Life Insurance and Universal Life Insurance. However, for Term Life Insurance policies, you can customize the plan to include a money-back clause to reap the same benefits. The sum assured paid and the percentage amount is not fixed and varies from plan-to-plan. If you have any queries, feel free to call us, we will be glad to resolve them.
we give you the option to customize a Term Insurance Plan to include an ROI clause to get the complete amount back at the end of the tenure. You might be paying a bit extra on the premium, however, if you live out your tenured period, you would be getting a lump-sum on the entire amount. We also give you the option of renewing your plan as it will increase the lump sum amount. Another additional advantage is since the lump sum that you would be receiving is tax-free.
Now, coming to the paperwork, if you don’t have a clear understanding of insurance plans and policies, we’ve got your back. Our team has been in this line of business for more than 10 years and we can advise you on what type of plan would be best for you based on your requirements. Your best interests are always our top concern. Contact us today for more details about money back life insurance plan, we look forward to hearing from you.
With any financial product that you buy, it is important that you know you are getting the best advice from a reputable company as often you will have to provide sensitive information online or over the internet.
With any financial product that you buy, it is important that you know you are getting the best advice from a reputable company as often you will have to provide sensitive information online or over the internet. With any financial product that you buy, it is important that you know you are getting the best advice from a reputable company.
With any financial product that you buy, it is important that you know you are getting the best advice from a reputable company as often you will have to provide sensitive information online or over the internet.With any financial product that you buy, it is important that you know you are getting the best advice from a reputable company.
With any financial product that you buy, it is important that you know you are getting the best advice from a reputable company as often you will have to provide sensitive information online or over the internet.
It is generally 10,20 or 30 years.
Money-back life insurance can be categorized into two classes: whole life insurance and term life insurance.
No, it is not. Once you get the premium amount it will only be considered as a return of the premium and not as income.
No, depending on the pal you choose the interest rate may vary. However, we do offer one of the lowest rates in the market.
The death benefit amount will be given to your family (the beneficiaries you nominated).
Mrs. Harpreet Puri is always friendly and professional and answers all of our questions with infinite patience. Helped us a lot in our health insurance. She is the best advisor.
Wonderful personality and very professional lady . Best knowledge of all the product and I m so happy with her service. Thankyou
Wonderful Personality. She has a good knowledge of insurance and also gives you variety of options to work with your budget. I will recommend her for your insurance needs.
