Life insurance is an essential ingredient in financial planning, providing
protection for you, your family and your business.
Your life insurance coverage gives you peace of mind in knowing that the
loss of your income at your death will not create economic hardship for
your family and your financial obligations can still be met. The proceeds from your
policy can provide funds for your children’s education and your family’s ongoing
living expenses. Your life insurance benefit can help your business to continue
operating without you. Life insurance can pay for your funeral and other related
Choosing the right coverage can make all the difference to your financial
The two types of life insurance are term and permanent (or whole). The one that's
right for you depends on your budget,
your family circumstances, your financial obligations, and the length of time you want
coverage to last.
If you want life insurance for a limited time - long enough to meet your specific
responsibilities to those who depend on you, but not
longer - Term Life Insurance may be right for you.
If you’re seeking added security, flexibility, cash value and lifetime coverage, some form of Permanent or Whole Life Insurance may be
right for you.
Term Life Features
- Provides coverage for a specified period (Term)
- Affordable way to get maximum coverage
- Premiums typically increase if coverage continues after specified term
- Basic life coverage with no cash values
Permanent/Whole Life Features
- Provides coverage for your whole life (Permanent)
- Initially higher premiums than Term insurance, but generally more cost-effective long-term
- Builds equity in the form of a cash value which you can put to use during your lifetime
- Offers many options to choose from
Term and Permanent/Whole Life Combined
You may find that a combination of Term and Permanent/Whole Life meets your needs best.
A Permanent/Whole Life plan may be the foundation of your coverage and you may want to supplement
it with Term Life while your family depends on you for income, or for the period of your
Family Guardian offers a diverse life insurance product line,
from basic life coverage to
plans that incorporate savings and investments. Our experienced financial counsellors can help
you choose the plan that best suits your needs:
The information provided gives a general overview of the
products and services provided by Family Guardian
and should not be construed to be contractual information.
Like most insurance policies, Family Guardian’s policies contain exclusions,
limitations, reductions of benefits and terms for keeping them in force.
For complete cost and details, talk to your Family Guardian representative.