Taking out life insurance can raise a lot of questions. How much does it cost, what coverage best suits your needs, should you consider add-ons? Our advisors can help with that.1
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With a set price and pre-determined inheritance amount for your loved ones, permanent life insurance helps you plan for the future.
The cost of your insurance stays the same, no adjustments, for the duration of your contract. You can plan your budget knowing what to expect.
Mary2, a 60-year-old retiree living in Ontario, is thinking about her and her family’s future. She wants to cover her funeral expenses to make sure her loved ones aren’t left with a hefty bill.
At the time of his3 death, the second residence he owns as a Quebec resident will be deemed to be sold and will generate a taxable capital gain. With his life insurance, he ensures that his children will have the cash available to pay the taxes at that time.
This British Columbia couple2 in their thirties wants to leave a tax-free inheritance to their children. If needed, Liz and Dave also have the possibility to redeem all or some of the cash value, which could come in handy if life throws them a curve.
1. On behalf of Beneva Inc., Financial services firm and its authorized partners.
2. Insurance of persons is underwritten by Beneva Inc. This product may not be available in your province or territory of residence. Conditions, exclusions and limitations apply. These are fictitious cases. Please contact your financial security advisor.