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Life Insurance
You'd insure your car or home without thinking twice, right? So, why would you hesitate to take out life insurance?
6 reasons to take out life insurance
Maintain your family's standard of living.
Compensate for loss of income.
Repay your debts.
Pay expenses related to a death.
Leave an inheritance to your loved ones.
Have an extra cushion so you don't depend solely on your employer's insurance.
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Permanent life insurance
Get lifelong coverage to protect your family and savings and cover the expenses you may leave behind.
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Term life insurance
Get coverage for the time it takes to meet your specific financial needs while protecting your loved ones (10-, 15-, 20-, 25-, 30- or 35-year terms).
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Universal life insurance
Combine the peace of mind of permanent life insurance coverage with the benefits of financial investments. The amounts accumulated in your investments are tax-sheltered, enabling you to build a healthy portfolio.
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Get more coverage in one contract
Benefit from the bundling of insurance products at a budget-friendly cost.
Rent Insurance Credit Protection (loan) insurance The Family Plan
See our comparison table
| Term Life Insurance | Permanent Life Insurance | Universal Life Insurance | |
|---|---|---|---|
| Description | Affordable coverage for your temporary needs (e.g. mortgage, birth of a child) | Coverage in the event of death to ensure you can meet your financial needs throughout your life (e.g. cash flow, income replacement). | Permanent, comprehensive, flexible and accessible coverage that can be used as a fund for non-registered savings in order to build tax-sheltered retirement income. |
| Other coverage available | Critical illness, disability | Critical illness, disability | Disability |
| Term | 10, 15, 20, 25, 30 or 35 years | Coverage guaranteed for life | Coverage guaranteed for life |
| Guaranteed insured amount |
Yes Minimum : $25,000 |
Yes Minimum : $10,000 |
Yes Minimum : $10,000 |
| Guaranteed premium | Yes1 | Yes1 | Yes1 |
| Cash surrender value | No, except for 20.10 Protection | Yes1 | Yes1 |
| Links | More information about term insurance | More information about permanent insurance | More information about universal insurance |
1 Some conditions apply.
Contact your La Capitale financial security advisor today or call us at 1 866 612-3473.
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