Many people aren’t aware that there are multiple kinds of life insurance products available. The two main kinds are permanent life insurance and term life insurance. With permanent life insurance in Prince George, the policy will last a lifetime and build a cash value over time. Within permanent insurance, there are whole life, universal life, variable life and other options. With term life insurance, the terms last anywhere from 10-30 years. There is no cash value, but if you pass at the time the term is up, your beneficiary will receive a tax-free lump-sum payout.
Did you know that your family can use the payout they receive any way that they wish? It’s a great way for them to cover things like funeral expenses, pay for your mortgage, or even put towards education for their children. When you pass, they want to grieve, not stress about how they are going to pay for your end-of-life expenses. Why not address their concerns before they occur with thorough protection?
Our team in Prince George also assists clients with disability insurance coverage, critical illness insurance coverage, travel insurance, no medical life insurance, and employee benefits. We will be able to present you with available premiums from various insurance companies in Prince George and all across Canada and get you approved quickly. Don’t hesitate to ask a bunch of questions along the way. That’s exactly what we’re here for: to help you through the entire process so you can make a well-informed decision.
If you’re located in Prince George, BC and want to know what you can expect to pay for life insurance, fill out a form online and we’ll respond in a timely manner. Just let us know what you’re looking for and tell us a bit about yourself.