Life Insurance
At Wholelife Financial Services, we work hard to give you the life insurance you need at a price you can afford. Our wide range of highly-competitive and flexible life insurance products ensures there’s a solution to your needs. We offer term, permanent, and universal life insurance products, as well as a range of optional benefits and riders in Mississauga, Brampton, Oakville and Richmond Hill.
What is Life Insurance?
The main purpose of life Insurance is to protect your dependents from financial strain in the case of sudden death. However, there are many other benefits of life insurance as well:- Pay for funeral costs
- Help your family pay the bills and maintain their current lifestyle
- Pay off outstanding debt, including credit cards and your mortgage
- Continue a family business
- Finance future needs, such as your children's education
- Provide a replacement income for your spouse
- Pay off estate taxes to preserve the estate for your heirs
TERM LIFE INSURANCE
Term life Insurance is designed to provide you with Insurance protection for a set period of time at an affordable price. It is the most basic type of life Insurance.WHOLE LIFE INSURANCE
Whole Life Insurance offers stability and long-term financial protection by not only providing your beneficiaries with a guaranteed death benefit but also giving you the flexibility to withdraw funds from your Insurance plan as a portion of your monthly premiums are invested for you to use at your discretion. These funds can be used in the case of a financial emergency, to supplement your retirement income, or for any other estate-planning needs.| Benefits | Term Insurance | Whole Life Insurance |
| Pays a death benefit to your family when you die |  *If you die within a predetermined period of time |
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| Low monthly premiums | |
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| Protects both you AND your beneficiaries | |
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| Funds can be withdrawn for any financial emergency | |
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| Guaranteed money-back options | |
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| Can be used to supplement your retirement income | |
