Average Coverage Levels
$1 Million Term Life
Male, 41 years old, healthy non-smokerAs low as $206 per month
$500K Term Life
Female, 55 years old, moderately healthy non-smokerAs low as $179 per month
$1,300,000 Term Life
Female, 28 years old, healthy non-smokerAs low as $150 per month
How life insurance works
- You select an amount in keeping with your present needs
- Do the necessary medicals
- Pay an initial premium
- Your premium never increases
- In early years, your contribution is greater than the cost of coverage and conversely, it is much smaller in the later years. So, in the early years a reserve is created, off-setting the growing cost in later years.
If you become critically ill
Should you opt for the benefit, you will receive a lump sum (or part thereof) to take care of any of these illnesses:
- Alzheimer’s disease (dementia)
- Aortic surgery
- Benign brain tumor
- Blindness
- Cancer (life-threatening)
- Coma
- Coronary artery bypass surgery
- Deafness
- Heart attack
- Heart valve replacement
- Kidney failure
- Loss of limbs
- Loss of speech
- Major organ failure on waiting list
- Major organ transplant
- Motor neuron disease
- Multiple sclerosis
- Paralysis
- Parkinson’s disease
- Permanent disability
- Severe burns
- Stroke (cerebrovascular accident)
Life Benefits
- Provides peace of mind that your family will be protected if you unexpectedly die
- Provides funds for both spouses in retirement years
- Provides sources of cash for emergencies and opportunities
- Acts as collateral for your debts and loans
- Helps preserve your estate for your heirs
Death Benefits
- Guarantees income for loved ones
- Provides funds that can be used to cover funeral bills, medical bills, etc.
- Provides funds that can be used to wipe off debts and loans such as a mortgage
- Provides funds that can be used to cover probate, legal and executor fees