Jin S. Xue Insurance & Investment

Servicing Canadians Since 1991

Life Insurance

Life insurance provides whomever you choose with a one-time, tax-free payment when you die, as long as you continue to pay your premiums.

There are different types of life insurance, and different ways to make it work for you. It’s not only to  protect your family. It can also be part of your financial plan, so you may be able to access money in your policy while you’re alive.

What kind of life insurance is available?

There are 2 basic types of life insurance coverage: term and permanent. Each has unique features designed to meet different needs.

Term insurance

  • Temporary coverage
  • Lower cost
  • Fixed payments
  • Option to convert to permanent

Permanent insurance

  • Lifetime coverage
  • Higher cost
  • Flexible payments
  • Opportunity to build cash value

What kind of insurance do you need?

Term life insurance

Permanent life insurance

What does it provide?

Temporary protection

Long-term protection

How can it help?

  • Replace lost income
  • Cover debt and funeral expenses
  • Replace lost income
  • Cover debt and funeral expenses
  • Build wealth
  • Estate planning

What’s the cost?

Typically the most affordable type of insurance

Usually more expensive than term life insurance

Investment options

No

Yes

Benefits

  • You choose who receives a tax-free one-time payment when you die
  • You choose who receives a tax-free one-time payment when you die
  • Build wealth inside your policy, within limits, that you can access during your life
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