Whole Life Insurance

Whole Life Insurance Policies

young family have fun and relaxing outdoors in the countryside

Life is uncertain and in the untimely event of someone passing away, their family might face financial crisis in his or her absence. A Whole Life Insurance plan can resolve this problem, and even in the event of a mishap, you can rest in peace that your loved one will go through any such condition. For whole life insurance services, get in touch. We serve customers and the surrounding areas.

A few reasons on why you should get whole life insurance

The question should not be why you should but why you shouldn’t. Whole life insurance gives you complete peace of mind. As we all know, good or bad, life is full of surprises, and sometimes the worst things happen when you least expect them.  At least, with Whole Life Insurance, you can plan ahead, so your loved ones have a financially stable life even when you are not there. Read on to for more reasons on why you should get a Whole Life Insurance plan

 

  • It provides an insurance cover for your whole life and to your beneficiaries when you pass away
  • When you retire from your daily work, you will get a steady flow of cash from the savings that you have built up over time
  • Insurance policies have significant tax benefits and you can save a good amount of cash if you have invested in the same

 

It’s always better to plan ahead

You may never know when death comes or you, but when it does, you should have complete peace of mind knowing that you have done your bit so your loved ones don’t suffer when you are not there anymore. That’s why it is important to choose a whole life insurance plan where your beneficiaries will be paid the amount no matter when you die.

 

There are two types of life insurance that you can choose between. One is the non-participating one where there is a guaranteed cash value involved and the other is the ‘participating’ option where the cash involved is variable depending on the depending on your premiums and dividends. The dividends involve are paid on the basis of interest rates depending on the insurance company’s profitability.

A few things you should know

  •  Whole life insurance can be cancelled or revoked if you stop paying the premiums in which case, you can receive the cash value
  •   Your health condition at the time of your purchase determines the premium amount that you will pay the entire period
  •   The cash value withdrawn from the insurance is non-taxable
  •   The fixed premium that you would be paying might be high when compared with Term Life Insurance, but on monthly payments, it is less
  •   The cash value that you get against the insurance can be borrowed as collateral for a third party loan

Our team members can always offer you unbiased advice with your interests in mind. Contact us today for more details. Our services are available to customers.











  • Need Help With The Policies? Call us!

    We are available 24x7 at your service

    Our customers love us. Don’t take our words for it

    See for yourself what they have to say about us

    Still not sure? Download Whole Life Insurance E-books for FREE

    Locations

    • Winnipeg

      330 St. Mary Avenue, Suite 300, Winnipeg, MB R3C 3Z5

    • Calgary

      1925- 18th Ave NE, Unit #115, Calgary, AB T2E 7T8

    • Surrey

      2010 - 11th Avenue, 7th Floor, Regina, SK S4P 0J3

    • Brampton

      2969 Bovaird Drive East, Unit 2, Brampton, ON L6S 0C6

    Contact Detail

    HARPREET PURI, 416 543 9000 ,2969 BOVAIRD DR E,
    UNIT 2 BRAMPTON, ON

    Our Social Link!

    Copyright © May 2020 CanadianLIC Insurance. All Right Reserved.