If you don’t have any life insurance, and for whatever reason, term life insurance is a simple solution to get started, because this type of insurance is suitable for all phases of your life.
Thanks to amounts and premiums adapted to your situation, term life insurance allows you not to leave your loved ones destitute in the event of death.
Simple insurance to adopt and renew
Term life insurance protects you for a limited period , such as 10 or 20 years. It is automatically renewable, subject to an increase in the premium. A 10-year term life insurance , for example, is renewed for another 10 years when it expires without you having to take any new steps.
Useful insurance for everyone, at any time
Whether it’s your first insurance or additional protection for a key period in your life, term life insurance is suitable for all of life’s occasions. Here are some examples:
Are you a student , earning your first income or facing your first financial obligations ? You will appreciate the simplicity and low cost of this type of insurance, in addition to being able to apply for it online .
Opt for term insurance to provide your new family with comfort and security in the event of the unexpected.
Are you an entrepreneur ? Term life insurance can also be used to facilitate the continuity of your business so that it does not become a burden in the event of an unexpected event. Note also, that once your business is well established, there will be times when additional security is welcome, whether it’s because you start thinking about developing franchises, transferring business ownership to your children or enlargements.
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Good to know
Note that you can take out 10-year term life insurance up to age 60 and 20-year term insurance up to age 50; that is to say, you can come back to this solution to offer yourself temporary peace of mind , the time of a return to school, your children’s post-secondary studies or simply to leave nothing to chance.
Affordable coverage
This protection is an additional security when we want to protect our family or our business from financial risks. Moreover, during the first decade, 10-year term life insurance is much less expensive than other types of insurance for young insureds.
Curious to know how much 10-year term life insurance would cost you with National Bank Life Insurance | Health
Additional insurance to your existing portfolio
Do you have enough life insurance? And have you established what the money would be used for in the event of death? Paying debts, living for a while without worrying about money, covering housing or mortgage costs, financing post-secondary studies, covering death-related costs: whatever the reason, you must ensure that you be sufficiently covered.
Many people think they don’t need life insurance because they have group insurance , mortgage loan insurance, or some other form of life insurance. Is this really the case?
Group insurance depends on your job, and therefore may no longer be available overnight. Mortgage loan insurance has the advantage of covering you for the duration of the mortgage, but only concerns the insured amount of the debt. Term life insurance is not dependent on your job or other financial product. It is complementary coverage to the other insurance you have, because each insurance has its role to play .
And if you have debt, term life insurance can also help. Even if you take out payment insurance on your credit card and loan insurance on your financing, is that enough to cover everything? Sometimes an extra $25,000 is enough not to leave the burden of your debts behind.
The idea of dying suddenly is never pleasant to contemplate. However, term life insurance is a simple, affordable and comprehensive way to provide security to your loved ones, regardless of your age and your family and professional situation. Contact one of our representatives now to discover all the benefits of term life insurance and how to take advantage of its low-cost coverage.