Term insurance provides a guaranteed cost of life insurance for a specific term.
Conversion Privilages
Term insurance usually has a conversion privilege which gives the policy owner the right to convert the policy to a permanent plan without providing proof of insurability throughout the life of the plan. Coversion privilages are available to certain ages depenfing on the specific insurance carrier.
Renewal rights
Term insurance expires at a specific age depending on the rules of each insurance carrier
Products are offered with guaranteed rates for the following terms:
- 5 years
- 10 years
- 20 years
- 30 years
I recommend Canadian Term Insurance. I was offered a solution which allowed me to find coverage for both the immediate and long term with a mix of both 10 and 20 year term insurance.
Canadian Term Insurance helped to decide upon the correct amount of coverage to protect our family. Jeff recommended a program which provides 20 years of term coverage for my wife at preferred rates, and 10 years of term insurance for me at a higher death benefit.
Jeff Comiskey assisted my wife and I in identifying a need for insurance, and presented us with a variety of choices. We chose universal life insurance because of the permanent protection it offered and rates that remain the same for our entire lives.
