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Solution 20 Term Life Insurance

Solution 20 Term Life Insurance logo

A Term Life Protection with Interesting Features

Most human needs are not particularly short-term and cannot be termed long-term. Such needs may not be adequately covered with a very short-term coverage like Solution 10 and a long-term or permanent insurance coverage may not be adequate. For such a need, you need a longer-term coverage such as Solution 20 to make sure that you are adequately covered as much as possible. The Empire Life provides Solution 20, a robust insurance coverage for you to cover longer-term needs such as paying a mortgage, family income replacement and so forth. It is a plan designed to protect your family for 20 years. As the name implies, the rate for this plan will increase every 20 years and the last premium increase will occur after your 65th birthday.

Features and Benefits

Solution 20 is designed for families with existing and new mortgages, small businesses that want to cover overhead and start-up costs, and individuals looking for affordable and flexible insurance coverage. You can obtain a more comprehensive insurance package and even save on insurance fees by adding Solution 20 to other Empire Life’s Solution series or CI products.

  • Solution 20 is ideal for families with existing and new mortgages, small businesses that want to cover overhead and start-up costs, and individuals looking for affordable and flexible insurance coverage.
  • The premiums increase every 20 years and are available at guaranteed premium rates.
  • The final increase in premiums occurs when the insured clocks the age of 65.
  • The insured can enjoy a level premium, and hence peace of mind, for 20 years.
  • The insured can easily convert Solution 20 into one of the Empire’s permanent insurance product if his future insurance needs change.
  • You can also add this insurance product to the Empire’s other Solution series or even the CI product to create an all-inclusive insurance product that will allow you to save on the insurance fees.

 

 

Additional resources

Learn more about life insurance from these informative articles to help you decide in choosing the best plan for you.

Insurdinary provides a comprehensive quotes comparison sends straight to your inbox so you can start comparing health coverage in minutes. See plans from several major Canadian insurers to choose the right option for you. Our customer health specialists are also available to address your questions and concerns.

For more information, you may contact us at 1-877-574-7475, or complete the form below.

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