Life insurance is an insurance product that provides assurance through lump-sum payment also known as "death benefits" to the beneficiaries upon the insured's death. There are two main types of life insurance: term and permanent.Insurance is a peace of mind product. A good insurance policy assures you that your loved ones won’t suffer financially should anything happen to you. There are a number of variations of disability insurance.
Life insurance is perhaps the most popular long term financial planning tool. The insured person pays a monthly premium in exchange for a sizable lump sum upon the insured person’s death.
Life Insurance for Canadians with long-term care and cash value
Manulife Par Whole Life Insurance plan is the Manulife life insurance product for individual protection that is designed for Canadians that want a long-term protection with immediate growth as well in cash value.Take comfort in seeing immediate growth of your policy’s cash value, and keep confident your plan delivers long-term protection, all with potential tax-saving advantages.
Life may have unknowns, but Manulife Par Whole Life insurance makes up for that with dependable, exceptional benefits and hassle-free protection.
This insurance coverage starts at $100,000. Your policy guaranteed you an amount that remains in effect for your entire lifetime as well as with cash value that grows overtime.
Several other benefits are available for you for this plan that is easy to understand and manage.
Learn more about your other Manulife insurance options from these informative articles.