Term Life Insurance Vancouver

Term Insurance

What is it?

The simplest, least expensive type of insurance. It is designed to fill a specific need for a specific period
or time. There are no cash surrender values, or investments.

Who it’s for?

People who want coverage for temporary needs, such as homeowners or business owners. It can be
used to cover mortgages or loans. Also, if you want coverage but don’t have the money for a permanent
plan, you can buy term and convert to permanent later with no additional underwriting.

Key features:

It’s convertible to permanent insurance.

It’s cheaper then permanent.

Runs out at age 80.