Lifetime coverage | term 100 life insurance

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Term 100 Life Insurance is a form of permanent life insurance, covers you for the entire life with guaranteed level premiums payable up to age 100. It is unlike term insurance where premiums increase when policy renews after specific term period expires.

T100 is the most affordable permanent insurance and is often used to cover taxes payable at death.
Coverage remains in force if you pay your premiums.
Your premium is fixed and remain level. No further premium required after age 100
No cash surrender Value
Death Benefit is paid tax free to beneficiaries
Payment mode: Annually, or Monthly

Advantages

Same premiums throughout to age of 100
You are no longer required to pay after age 100, and still retain the coverage
It’s less expensive than whole/universal plans
Steady premium cost throughout the length of the policy
A great option for estate planning

Disadvantages

No dividends options (you can’t share in the profits that the insurance company makes each year)
No cash value surrender option (if you cancel the policy, you won’t get any of the premiums which you paid back)
More expensive than term life insurance

Rashmi, a client of Vertex Insurance and Investments Inc., was asked what made her realize it was time to buy life insurance? Listen to her story!

Rashmi

A Single Mother of 3 grown-up children, a client of Vertex Insurance

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Disclaimer : Vertex Insurance and Investments Inc. is an insurance agency licensed to sell life and travel insurance products in Ontario. Our website’s content is tailored towards Canadian residents and visitors coming to Canada. Any variations between the rates mentioned on our website and shown in the specific company’s software, the latter will be considered final. Please see the policy documents for full disclosure of the terms, conditions and exclusions. The logos and the trademarks used on the website are owned by the respective entities.

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