Protect what matters most with Whole Life Insurance
Enjoy lifelong financial protection
Whole life insurance offers Canadians lifetime coverage with premiums that don’t increase as you age.
A Lifetime of Protection and Growth
A Lifetime of Protection and Growth Protect loved ones, grow your legacy and even borrow from your policy to reach important goals with participating whole life insurance.
Benefits of Participating Whole Life Insurance
Whole life insurance provides coverage for your entire life.
With most whole life plans, your premiums (monthly or annual fees) remain the same, regardless of changes to your health. And, your beneficiaries get a tax-free death benefit after you die.
The death benefit refers to the amount of money your beneficiaries get when you die. You can name your family or anyone you want as your beneficiaries.
Beneficiaries are the people or person you want to financially protect. The exact amount of money they get after you die depends on:
- how much life insurance coverage you buy and
- the type of policy you have.
Financial protection plus a source of cash
If you’re looking for a way to maximize the amount that you leave to your loved ones and offset the impact that taxes could have on the value of your estate, consider whole life insurance.
Lifetime Coverage
With whole life insurance, you have permanent coverage for life—your protection does not end after a certain period.
Cash Value Guarantees
Access the funds in your policy for anything, such as unexpected expenses or to supplement your income in retirement
Potential for Dividends
The unique features of whole life insurance make it an ideal way to protect your assets and pass them on to future generations.
How does whole life insurance work?
Whole life insurance provides coverage for your entire life.
With most whole life plans, your premiums (monthly or annual fees) remain the same, regardless of changes to your health. And, your beneficiaries get a tax-free death benefit after you die.
The death benefit refers to the amount of money your beneficiaries get when you die. You can name your family or anyone you want as your beneficiaries.
- Beneficiaries are the people or person you want to financially protect. The exact amount of money they get after you die depends on:
- how much life insurance coverage you buy and
- the type of policy you have.
Your beneficiaries can use the death benefit to cover a variety of costs, like:
Child care and tuition
You can use the cash inside universal or whole policies to pay for anything, including tuition.
Mortgage or rent, Estate or legal fees
Life insurance like term life or whole life insurance can be used to pay off a mortgage
Outstanding debts
Yes, the death benefit from a life insurance policy can be used to pay off debt.
Bill payments and any other expenses
Life insurance policy benefits can be used to help pay for final expenses after you pass away.
Meet Our Insurance Consultants
Envoier & Muneris Financial, insurance and investment consultants and experts continue to partner with leading insurance companies to arrive at the best solutions for valuable clients.
