Buy Permanent Life Insurance Anywhere in Ontario

When your financial responsibilities don’t expire – neither should your Life Insurance. Learn more about whether Permanent Life Insurance is the right solution for you.

Whole Life Insurance Quotes, Permanent Life Insurance Quotes

Buy Permanent Life Insurance Anywhere in Ontario

When your financial responsibilities don’t expire – neither should your Life Insurance. Learn more about whether Permanent Life Insurance is the right solution for you.

Whole Life Insurance Quotes, Permanent Life Insurance Quotes

Why choose Permanent Life Insurance?

Within Canada, Permanent Life Insurance is one of the most popular types of policies available — however, it’s not the right solution for everyone.

Permanent Life Insurance is a policy that lasts your entire life, rather than for a fixed term with Term Life Insurance.

Along with life insurance death benefits, additional key benefits include fixed premiums for the lifetime of the policy- cash value that can be used to borrow against your policy and investment potential through your insurance provider.

Whole Life Insurance Quotes, Permanent Life Insurance Quotes

Get Permanent Life Insurance coverage in 3 easy steps!

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We offer two types of permanent life insurance

The two common types of permanent life insurance are whole life and universal life insurance. Here’s a simplified breakdown of the differences.

WHOLE LIFE

UNIVERSAL LIFE

Premium Flexibility

  • Bundled premium which includes cost of insurance and investment.

  • Premium is level for life of the policy.

  • Premium can be for both insurance and investment or insurance alone.

  • Premium can either be level or increasing yearly.

Premium vs. Face

Amount of Insurance

Higher premium than comparable Universal Life

Lower premium than comparable Whole Life policy

Investment

Options Within Policy

  •  No investment options available, completely managed by Whole Life fund managers.

  • Easier to manage with no need to monitor investment account.

  • Wide variety of investment options, however self managed.

  • Must select from Insurance companies investment funds.

Impact of Market

Conditions on Cash Values

  •  Cash surrender value increases with dividends received from policy.

  • Cash surrender value cannot decrease no matter market conditions.

  • Account value may fluctuate with market conditions.

  • Investment returns completely dependent on policy portfolio.

Missed Payments

Paid for by Automatic Premium Loan from cash surrender value, if available

Premium paid directly from account value, if available

Advantage of Monthly

vs. Annual Premium

Policy offers discount when paid annually upto 12%

No difference if paid monthly or annually

Not sure which Permanent Life Insurance type is best for you?

Reach out and one of our insurance specialists will help to guide you in the right direction. You can call us directly at: 1-877-654-6119 or click below to get started!

Choosing between Permanent Life and Term Life Insurance Policies

When looking for a life insurance policy, finding one that fully fits your needs is crucial. When deciding between Permanent and Term life, below are some key questions that can help you find the right fit:

  • Term length: Permanent Life Insurance offers a simple, no-fuss approach — one policy for the rest of your life. In comparison, Term Life Insurance offers fixed-term policies lasting for 5, 10, 20, or more years, covering policyholders until they’re confident their finances can cover any illness, disability or death.
  • Budget: Permanent Life Insurance policies tend to be more expensive, but premiums will stay consistent throughout the life of the policy. Term Life Insurance tends to be much more affordable however life insurance premiums increase as you get older.
Whole Life Insurance Quotes, Permanent Life Insurance Quotes

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