Life Insurance

A proper financial plan can mean the difference between leaving your loved ones well-positioned financially and leaving them to cope with debts and an inadequate income.

Term life insurance is well-suited to meet high, short-term protection needs for the lowest initial cost.

Permanent Life Insurance Permanent life insurance can protect you for your lifetime. There are two types of permanent life insurance—participating life insurance and universal life insurance.

If you have a family, life insurance is one of the simplest and most important ways you can help protect their financial future. Life insurance works by providing your beneficiaries with a tax-free benefit upon your death. This money can help them:

* Pay final expenses and any debts

                * Provide an income for your family

                * Ensure your family has the resources to maintain a comfortable standard of living

                * Leave a legacy to your favourite charity

                * Pay for your children's education

                * Cover expenses like funeral costs

What about plans from work?

Employer-provided plans can leave your family unprotected because coverage amounts may be insufficient and coverage may not continue if you leave your job. With your own policy, you're covered, regardless of what happens with your job.

What’s right for you?

Life insurance from Canada Insurance Plan is tailored to suit your budget, lifestyle and needs at every stage of life—and offers the flexibility to make changes as your needs evolve. We offer:

* Affordable term life insurance that is easy to purchase

* Permanent life insurance to help you plan for the longer term

* Universal life insurance, which allows you to build towards future wealth, while keeping your assets protected for your family’s future

* Personal accident insurance, which helps protect you and your family from the financial consequences of a fatal accident