Term life insurance provides financial security for your family by offering a predetermined sum of money in the event of your passing. This financial support can help cover essential expenses such as mortgages, car loans, business debts, burial costs, and other related fees. It ensures that your loved ones are cared for during the difficult period following your passing, alleviating the financial burdens they may encounter.

​A permanent insurance policy in Canada offers lifelong coverage and a tax-free death benefit for beneficiaries. Premiums can be paid either for a specified period or for the policyholder's lifetime, depending on the policy setup. Unlike term insurance, permanent insurance often includes a cash value component that grows over time, enabling policyholders to access funds through loans or withdrawals. This feature makes it ideal for long-term financial and estate planning. The main types of permanent policies are Non-Participating and Participating Whole Life (the latter features cash value and fixed premiums), as well as Universal Life, which combines insurance protection with investment options.

​In Canada, living benefit insurance offers financial support during your lifetime, unlike traditional life insurance, which pays only upon death. This policy includes optional riders such as Critical Illness, Disability Insurance, and Long-Term Care, covering expenses related to serious illness, injury, or long-term care needs. It helps protect your savings and income by providing lump-sum payments or ongoing income to assist with recovery and daily living expenses.