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9 Cards in this Set
- Front
- Back
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Term (Temporary) Life
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Less Expensive, affordable
Match Period of Need Renews at higher cost Often lapsed No CSVTerm 100 Reducing Term |
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Permanent (Whole) Life
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Coverage for ENTIRE LIFE
CSV Usually has DIVIDENDS Expensive Paid Up Policys Dividends Reduce Cost |
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Universal Life
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Control of Investments
FLEXIBLE Risks & Potential for Loss Vary amounts of insurance and types of investments |
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Life Annuities
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Income for life
Guaranteed return RRSP eligble can pay 2nd lifetime gurantee return of capital can index to inflation |
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Term Certain Annuties
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Matches Need
Can run out of $$ Pays for X years or to selected AGE |
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Critical Illness
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Pays out for serious illness
Limited to specific disease Distracts from total needs |
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Disability Income
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Coverage to age 65
EXPENSIVE, Limited Supplements provicial coverage |
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Overhead Expses Insuarnce
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Pays office costs
Premiums ARE DEDUCTIBLE |
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Segregated Funds
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RRSP Eligible
Guaranteed Returns Different Disclosure Creditor Protection |
