Term Life Insurance Toronto

Term life insurance provides coverage at a fixed rate of payments for certain period of time. Depending on your needs, that period of time may be 5 years, 10 years, etc. If you die during the term of your insurance coverage, your beneficiaries will receive compensation in the form of death benefits. When your term expires, coverage at the same rate of premiums is no longer guaranteed. 

Term life insurance is often the most affordable life insurance as it provides security for a specific number of years, as opposed to a lifetime. However, unlike whole life insurance, term life insurance does not provide a return of premium dollars if no claims are filed. Much like auto insurance, it is simply risk protection.

 

You may want to purchase term life insurance to:

  • Provide maximum coverage at an affordable price. 
  • Provide security for a loss of income in your absence.
  • Provide coverage for short-term debts and needs.
  • Provide financial security during your family’s child-raising years.
  • Provide long term protection to help your survivors pay off a mortgage, healthcare costs, or college education.
  • Financial Restructuring Expert, Haider Al Saffar +

    Haider Al Saffar

    I see myself as a private-equity investor that helps rebuild companies and families. Restructuring is a sparse industry in that there aren't that many serious practitioners.
  • Investment Expert +

    Every portfolio benefits from bonds; they provide a cushion when the stock market hits a rough patch. But avoiding stocks completely could mean your investment won't grow any faster than the rate of inflation.
  • Insurance Expert +

    If a child, a spouse, a life partner, or a parent depends on you and your income, you need life insurance.
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    What can be added to the happiness of a man who is in health, out of debt, and has a clear conscience?
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