Individual Insurance
Individual life insurance products are designed to meet a variety of needs- from basic protection to in the short or long term, it can provide financial security, estate planning, tax efficient savings or leaving a legacy.
Term Life Insurance
Offers low-cost protection there are 3 types of term insurance available to meet your family, business needs and financial obligations.
10-year renewable term and convertible term with guaranteed premiums for 10 years.
20-year renewable term and convertible term with guaranteed premiums for 20 years.
30/65 is a non-renewable term plan.
Additional features and benefits are available that allows you to create an insurance plan tailored to your unique and changing needs.
With a term life insurance, you may convert it to a permanent policy upon renewal. Additional features and benefits are available that allows you to create an insurance plan tailored to your unique and changing needs.
With a term life insurance, you may convert it to a permanent policy upon renewal.
Whole life Insurance policy
Whole life insurance is a type of permanent life insurance.
What’s the difference between whole and term life insurance?
Both term and whole life insurance offers a tax-free death benefit to your beneficiaries after you die. But under a term policy, you’re only covered for a set amount of time (e.g. 10, 20, or 30 years). So if you died after this time, your beneficiaries won’t get the proceeds.
You can renew the policy when your term ends, but your premiums may be higher after renewal. With a whole or permanent policy, however, you’re covered for life and your premiums are usually guaranteed to stay the same.
Is whole life insurance right for you?
If you’re looking for lifelong protection and want to leave money behind to your loved ones after you die, then this type of insurance may appeal to you. Whole life insurance stays in effect throughout your life, no matter your age or health.
Can you convert a whole life policy to another type of insurance?
No, you can’t convert a whole life policy. However, if you have term life insurance, you may convert it to a permanent policy upon renewal.
Whole life insurance works as a permanent policy that builds cash value over time. As long as the premiums are current, the policy remains active for the entire life of the policyholder, and beneficiaries will receive a set death benefit upon the insured's death.