Term Life Insurance and Conversion

Term Life Insurance and Conversion

You can start with a term insurance policy if Universal life seems unaffordable. When you feel that you could afford a Universal Life, you can very easily convert your term insurance without a medical. The advantage of taking term insurance now is that you get insurance right away and you are underwritten on your current age and health status!

Life is a journey and so is acquiring life and health insurance. With a change in time, there could be a change in personal situation which further could result in a change in your life insurance needs.

We at YourInsuranceGuy.ca are experts in explaining the the various types of insurances that could protect the entire family. Please feel free to contact us at aman@yourinsuranceguy.ca or at 1 416 509 2540. Please visit us for a no obligation quote or advice.

Term Life Insurance is an extremely cost effective way to insurance yourself when your temporary ( or time bound) needs for insurance are high. During the years when we are raising our kids, have big loans to pay and also building our assets, term insurance could be a great fit.The cost of insurance ( or the premiums) are constant for the duration of the term. Policies are renewable and convertible.

Permanent Life Insurance is essentially a coverage that is lifelong. It runs through our life assuring a payout upon death. The cost of insurance can be level or YRT and the payout is tax free. Its main purpose is :

  • To protect family or business from financial hardship whenever death was to occur,
  • Insure children…

Universal Life Insurance is one of the best things that could happen in the world of Life Insurance. UL policy is when a permanent life insurance is merged with the possibility to have several investment options.

Your policy provides a lifelong coverage and at the same time you can save money within the policy to create tax-sheltered savings…

( Read More and watch a video)

Critical Illness Insurance, Part-1.

Get paid after 30 days from being diagnosed of one out of almost 25 different but really common critical illnesses. Donot have to worry about money when you are ill. Focus solely on your recovery and then tell tales of your recovery…


Cover all members of your family…A family insurance plan

A comprehensive approach to life insurance is also about insuring all members of your family. Each individual in a entire household is adding intrinsic and extrinsic value to the family’s well being.


Prepared by:  Aman Kapur


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