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
Get lifelong coverage to protect your family and savings and cover the expenses you may leave behind.
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).
Get more coverage in one contract
Benefit from the bundling of insurance products at a budget-friendly cost.
See our comparison table
|Term Life Insurance||Permanent 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).|
|Other coverage available||Critical illness, disability||Critical illness, disability|
|Term||10, 15, 20, 25, 30 or 35 years||Coverage guaranteed for life|
|Guaranteed insured amount||Yes
Minimum : $25,000
Minimum : $10,000
|Cash surrender value||No||Yes1|
|Links||More information about term insurance||More information about permanent insurance|