Term form page

Term Life Insurance

Also know as temporary life insurance, Term Life Insurance is by far the most popular and well-known life insurance plan available in Canada.

• Cover risks for entire lifetime of the life insured.
• Typical terms available – 10,20, or 30 years, however other term lengths do exist.
• Just a pure risk coverage (no savings portion)
• Coverage is guaranteed to remain in place if premiums are paid.
• Coverage usually terminates between age 75-80
• New policies are not issued beyond age 75
• Plans available on Single life or multiple lives:
  • Joint-first-to-die – This type of policy support to payoff mortgage, debt, buy/sell agreement
  • Joint-last-to-die – This type of policy support to payoff capital gains taxes on second death

• Premiums: Level over the term
• Payment mode: Annually, or Monthly

The Vertex Insurance advisors are knowledgeable, professional reliable and trustworthy. They promptly respond to questions and concerns and never leave You feeling uncertain about your investments.