The Excellent Term Insurance Designed For Your Needs
Sometimes insurance cost could go so high that it may be difficult for families, young adults, and even business owners to get the coverage they need. However, Canada Life provides a robust and reliable term life insurance that covers for a set period of time and with a lot of options to meet your budgets and needs. In the event of your death, Canada Life term insurance will provide a tax-free cash payment to your beneficiaries.
If you need immediate coverage but currently has limited fund, term life insurance is the best option for you.
If you need a straightforward and affordable life insurance protection in the short time, this life insurance is an excellent choice for you.
The term life insurance can cover you for either 10 or 20 years term. You are free to choose the term you want and your premium is guaranteed not to increase within the term. However, on renewing the coverage, you may pay a higher cost than the previous premium.
Canada Life’s term life insurance can be easily converted to a permanent life insurance, which may be more expensive but offers the insured a lifelong protection.
This life insurance plan will cater to your loved ones when you are no longer there to take care of them.
The lump sum provided by the plan can be used to fund children’s education, pay off mortgages, and take care of your daily expenses.