Life insurance is a protection against the loss of income that would result if the insured passed away. The designated beneficiary receives the tax-free cash benefit and is thereby safeguarded from the financial impact of the death of the insured.

The amount of coverage you choose and the type of insurance you buy should be based on your circumstances and needs.

Life Insurance Calgary Alberta

This benefit can help them to:

Pay off debt and loans

Maintain their standard of living

Pay for children’s education

Pay capital gains taxes

Cover death related expenses like funeral costs etc.

Life Insurance

A life insurance policy is defined as an agreement with an insurance agency. In return for premium installments or payments, the insurance company gives a lump amount payment, which is also known as a death benefit, to beneficiaries upon the death of the insured. Life insurance is chosen because of the requirements and objectives of the proprietor. Term life insurance provides assurance and protection for a while. While perpetual insurance, for example, universal and whole life insurance gives lifetime coverage. Note that death benefit by a wide range of life insurance is for the most part income tax-free. There are numerous assortments of life insurance. Let us discuss the more basic types of life insurance.

Reliable Life Insurance Broker Chestermere, Alberta

Common Myths about Life insurance

Life insurance is a need on the off chance that you have any kind of financial commitment. You may have a few loans, Mortgage, or have credit card loan at some time. If you pass away your Spouse/ Parents /Kids should reimburse them back to the bank. Life insurance can help you cover such liabilities and make your family relieve these money related commitments.

Life Insurance Quote


life insurance
Have you used tobacco or nicotine products in the last 12 months? *