If you are thinking of applying for Life Insurance then a Term Life Insurance policy may be an ideal choice. You might be thinking, “If I am taking up life insurance, why not apply for a permanent policy?” Well, you can do that, but even if you apply for a Term Life Insurance policy you will be getting the same benefits, there is no difference but in the cost. Compared to permanent Life Insurance policies, Term Life Insurance is much more affordable. The only disadvantage is, you will have to renew it after a fixed amount of time to retain coverage. We will talk more about Term Life Insurance in Brampton below. Please read on. If you want to speak with one of our expert insurance brokers at NOB, request a callback. We look forward to hearing from you.
It’s time for you to find out more details about Term Life Insurance in Brampton. Basically, it is an easy-understand, customizable, and most importantly affordable insurance policy that you can opt for if you are living in Canada. You can set the term as per your requirements, it can anywhere between a minimum of 10 to a maximum of 100 years. More or less you will be getting the same benefits as a permanent Life Insurance policy. In the uncertain event of you passing away in the middle of a term, your beneficiaries will be getting the complete coverage amount which makes Term Life Insurance a perfect choice to secure your family’s future financially. The best aspect is, that the entire amount is tax-free
- High death benefits with a low premium
- Can be tailored to your needs
- Death benefits are non-taxable and are exempt from inheritance tax
- The face amount of coverage would be more for a young client