Term life insurance is generally obtained for 5, 10 or 20 year term periods. At the end of the term a renewable plan will renew without requiring further medical underwriting but rates will typically increase substantially. A plan that is convertible will allow the owner to convert to permanent insurance at any time at market rates without undergoing further medical underwriting. We generally recommend that our clients obtain renewable and convertible term coverage.

Term insurance is the most economical form of life insurance. For some it is best to "buy term and invest the rest".

** If you are very healthy and have an excellent history of good health, you have never smoked, and your immediate family members are of similar good health, you may qualify for preferred rates for your life insurance. Please contact us and let us help determine if you will qualify.

If you are a smoker there is now a plan available that will allow you to begin with nonsmoker rates and you can keep the nonsmoker rates if you quit smoking within a specified time period of between 36 and 48 months. If you do not end up quitting smoking you merely move up to the smoker rates after the time period and you do not have to pay back any of the premium differential. Ask us for details on how this might apply to you or another smoker you may know.

2. Whole Insurance
This is a bundled up form of permanent insurance. This is a solid form of permanent insurance but costs tend to be high and the owner tends to lack control over the policy and how funds are invested.

3. Universal Life Insurance
These plans are excellent probably because their origin was driven by consumer demand in the 1980s.

They are essentially an unbundled form of permanent insurance. You are buying term and have the option of investing the rest in a tax-sheltered plan. You can control the investments in your own selected portfolio and you can see detailed illustrations of where all of your funds are going.

Universal plans can be an excellent way to provide financial security for an individual, family or a business owner or partner. They can also service many other needs including but not limited to:

1. Establishing your own Personalized Pension Plan for someone who is not a member of pension plan. You retain complete control of the plan.
2. If you are a member of a pension plan and thus have limited RSP contribution room then this may be an excellent place to setup another tax sheltered plan for your future.
3. If you have exhausted your RSP contribution limits then you could use a universal plan as a second RSP recognizing that you are contributing after tax dollars.
4. Preserving the value of your estate by providing adequate guaranteed funds to take care of heavy taxes and expenses after death.
5. Creating a dependable financial reserve accessible for any purpose - perhaps an emergency, a business opportunity or children's education.
6. Structuring a buy/sell agreement or key person insurance for a business. The plan can tax-shelter funds for the future use of the business owner or a key employee.
7. Protecting family interests in a business.
8. To help avoid a future tax bill due on the death of the insured.

For nearly everyone, life insurance protection is a key component of a comprehensive financial plan. This is a great way for anyone - even if they don't have a lot of capital - to guarantee that a substantial sum of money is available to their heirs when they die.

Would you like a quote on new life insurance?

Name: Birthdate: Jan Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec / 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 / 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940 1941 1942 1943 1944 1945 1946 1947 1948 1949 1950 1951 1952 1953 1954 1955 1956 1957 1958 1959 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 Sex: M    F Smoker: *You are considered a smoker if you have smoked in the past 12 months. Y    N Phone: Email address: Occupation: Amount of Coverage Desired $ Type of coverage desired (if known)

Life insurance licence sponsored by Standard Life Assurance Company