• terms can vary: 5 Year, 10 Year, Age 65, Age 70, Age 75, Term 100
• shorter terms are guaranteed renewable for an further period equal to the original term (eg. 5, 10) with an overall maximum (eg. age 70, 75)
• renewal rate is usually established at the time of purchase
• lower premium rates are available for healthier individuals who can qualify for preferred-risk rates
• longer term plans such as Term 100 have cash value build-up payable to the policy owner if the plan is cancelled
• market-survey of current term rates from all suppliers is available - request by email, phone or fax us providing your age, smoker status for past 24 months, gender, and general state of health (required to determine eligibility for preferred-health rates)

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• the term insurance portion may be level or increasing with either guaranteed rates established at the time of purchase, or current  and changing
• the insured can at any time, deposit supplemental premiums which will go into the savings component
• the savings accumulates tax-sheltered provided the sum remains below an established maximum
• voluntary savings can usually be withdrawn or borrowed which may trigger taxation
• different investment options are available for voluntary deposits such as segregated funds, bond funds, guaranteed investment terms, and daily interest
• the consumer should ensure they fully understand the mechanics of universal life prior to enrolling
• it may be an ideal plan for individuals who are already maximizing other tax shelters and want the flexibility of tax-sheltered savings growth coupled with term insurance protection; but be aware that if term insurance rates increase, savings will be eroded

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• the insurance may be participating (ie pays dividends) or nonparticipating (no dividends)
• premiums may be payable for life or become 'paid up' at a point in time such as 20 years or age 65 with the insurance remaining in force
• this insurance costs more than term insurance because it builds up cash values
• the policy owner has more rights - the right to borrow, the right to stop paying premiums and take reduced paid-up insurance, the right to have dividends pay a portion or all of the premiums, and a safeguard that if a premium is forgotten, it will automatically be paid from the cash value so the insurance will remain in force
• some plans offer special dividend insurance enhancements that help to minimize premium outlay and maximize the amount of death benefit
• while it is one of the oldest forms of insurance available, it still remains one of the most popular forms of insurance primarily because there are 'no surprises'

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• Joint Life - insures 2 people. The death benefit may be payable for both deaths, or only paid on the first to die (or the last to die). It is designed as a cost saving device when 2 people need insurance. It functions as an estate planning tool by providing funds at specific points in time, often to assist with payment of taxes. It may also be used in some corporate insurance situations.
• Group Life Insurance - a form of term insurance for employees offered through a group plan at place of employment. Most plans offer conversion to an individual whole life plan upon leaving the group. There are some 'global' group plans available whereby individuals who are not insured through a group plan provided by an employer, can join the 'global group' individually and enjoy group term rates through to age 65 or 70. We can provide rates for you on this type of insurance.

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• Waiver of Premium - premium payments are waived during disability after satisfying a waiting period such as 90 days
• Guaranteed Purchase Option - provides the right to buy more insurance at specified future dates without evidence of continued good health
• Indexed Protection - increases the insurance benefit annually by an index factor such as CPI
• Critical Illness Protection - a rider that can be added to a life insurance policy which pays a lump sum if the insured suffers one of the covered conditions such as heart attack, cancer, plus many more (about 25 conditions in total)

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