Canada Life Insurance
Canada Life Insurance |
Term insurance is often the most inexpensive way to purchase a substantial death benefit on a coverage amount per premium dollar basis.Whole life insurance is a form of permanent life insurance with a fixed or level premium that is usually payable for the entire lifetime of the insured. The terms whole life, straight life, and ordinary life are often used interchangeably.
Universal life insurance is another type of permanent life insurance policy. The primary attraction of the universal life (UL) policy lies with its flexibility. UL policies are unique in that, subject to an insurability requirement, they allow the policyowner to:
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