LIFE INSURANCE

Guaranteed life insurance is for those who want to leave financial benefits to their family. The premiums stay the same, coverage never decreases, and acceptance is guaranteed for Canadian citizens and permanent residents between the ages of 50 and 75 without the need for any medical exam or health questions.

Joint life insurance insures you and your spouse under the same contract, which will make sure that the rest of your family is taken care of when one of you are gone.

Life insurance and critical illness provides benefits such as insurance against an unexpected illness that come with amounts of a higher coverage, protection between the ages of 18-65 for a wide range of illnesses, protection for life for your children or grandchildren, your child’s plan can turn into an adult’s plan once he or she reaches 18 years of age, and no medical review is needed for your child plan to become an adult plan when they reach 18 years of age.

Supplemental life insurance provides you more coverage than an average employer’s company plan. In order to qualify for this policy, you may have medial evaluations to see which rate best fits you.

*Supplemental life insurance remains with you regardless of what company you work for.*

Term life insurance is flexible, inexpensive, and allows for temporary coverage. You will be insured for a certain amount of time which will be fully guaranteed during the entire term. If you pass away during the term stated in the policy, your beneficiaries will be eligible for a tax-free payment. AWealth offers you the option to convert your term policy into permanent insurance.

Term to 100 life insurance gives you coverage as long as you are alive. The premium will stay the same until you reach 100 years old. Term to 100 life insurance can be accessed by your spouse and children to continue maintaining a good qualify of life upon your death.

Universal life insurance is a flexible and permanent life insurance, providing you many more options than whole life insurance. Universal life insurance comes with term life insurance protection which includes an element of savings that can provide a cash value. Universal life insurance provides great benefits such as the policy holder will be able to use interest from the savings to help pay premiums over a period of time.

*The policy may be changed and reviewed should the policy holder come across a change of circumstance.*

Whole life insurance includes the elements of investment and insurance premiums. A predetermined amount will be paid out when the policy holder passes away. The invest aspect of the policy is that it builds a cash value that the policy holder can withdraw or borrow against. Whole life insurance allows the policy holder to accumulate wealth as the insurance costs becomes covered by premium payments. The policy will protect the policy holder for the duration of their entire life.

Permanent life insurance are life insurance plans that do not expire. Permanent life insurance combine a death benefit which includes a savings portion. There are many advantages to a savings portion such as you can build them into cash value that will allow the owner of the policy to use towards anything like paying off a mortgage or a college tuition.

Seniors life insurance is an insurance policy that covers your and your loved ones lifetime. AWealth offers a variety of seniors life insurance policies with affordable and fixed premium rates that will give you many benefits.