Bcomm Financial - Life Insurance

Life Insurance

Having a proper financial security plan which includes Life Insurance can mean the difference between leaving your estate financially secure or leaving behind debts and inadequate income. There are many types of life insurance suited for every type of person.

Term

Term Life Insurance provides the most coverage for lowest amount of premium.

Term Life insurance policies do a good job of meeting immediate needs and are typically renewable after 10 and 20 years without proof of health. Term Life contracts provide the option to later convert into permanent life insurance.

TYPICAL CLIENT

Large protection needs
Short term protection needs
Lowest initial cost for life insurance
Mortgage coverage
T-100 – level lump sum coverage for insured’s life time

Permanent

Permanent life insurance protects you for a lifetime, with the ability to build a tax advantaged cash surrender value as well a death benefit. There is a misconception that permanent insurance is only for wealthy or sophisticated investors—this type of coverage is designed for most income levels. Matching a certain product to your circumstances is what B.Comm does. We help to educate you on what your options are based on your specific needs.

Whole Life or Participating Life Insurance

Whole life insurance combines permanent life insurance protection with a tax advantaged savings component. Savings accumulate in the insurer’s participating account and growth, is distributed back to you in the form of a policy dividend.

During a life time it can build tax advantaged savings that you can draw upon as needed for personal or business opportunities.
Supplement retirement income
Potential for tax advantaged growth without the risk of loss associated to equity markets
Guaranteed portions for both CSV( Cash Surrender Value) & Death benefit
Pay final expenses and any debts
Ensure family has resources for comfortable standard of living
Provide your business with the money necessary to fund a buy—sell agreement
Protect business against loss of key employees

Universal Life Insurance

Universal Life Insurance provides permanent life insurance protection with tax advantaged investment component. You and your advisor select the investment mix that is best for you when considering risk tolerance and circumstances.

During a life time it can build tax advantaged savings that you can draw upon as needed for personal or business opportunities.
Supplement retirement income
Potential for tax advantaged growth without the risk of loss associated to equity markets
Guaranteed portions for both CSV & Death benefit
Pay final expenses and any debts
Ensure family has resources for comfortable standard of living
Provide your business with the money necessary to fund a buy—sell agreement
Protect business against loss of key employees