Unibenco Inc. > Personal

Term Life Insurance

Term life insurance offers temporary protection for a chosen period of time, normally 10 or 20 years. During this term, the premiums you pay are fixed and protection is provided for a limited number of years Term Life Insurance is a low-cost way of providing maximum coverage for your family. The insurance expires without value if the insured lives beyond the policy period,

Once the initial term expires, you often have the option to renew at new rates, or convert to a permanent life insurance plan.

Term is the cheapest type of life insurance available, and typically allows you insure yourself for very high amounts. Term life products can bought by nearly anyone on any budget.

We work with all major Canadian providers to offer you the best rates on Term Life Insurance.

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Permanent Life Insurance

Permanent life insurance is life insurance that provides protection for your whole life, in addition some policies also accrue cash value. There are several types of permanent life insurance plans

Permanent life insurance will not expire, and it can be used as part of your investment and estate planning.

We work with all major Canadian providers to offer you the best rates on Permanent Life Insurance.

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PAR Life Insurance

Par life insurance plans are also able to build guaranteed cash value. The money can be withdrawn or borrowed against. In addition, if you decide to cancel your plan you will receive the accumulated cash sum, subject to provisions of your policy.

Unlike term insurance, whole life combines insurance protection and savings or cash value which builds over time.

Cash value build-up may provide a source for living benefits for example, helping pay off a mortgage, or a child’s education, or cash surrender value if the policy is ever cancelled.

We work with all major Canadian providers to offer you the best rates on PAR Life Insurance.

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Universal Life Insurance

Universal life insurance combines insurance protection and savings or cash value which builds over time. The cash value build-up may provide a source for living benefits for example, helping pay off a mortgage, or a child’s education, or cash surrender value if the policy is ever cancelled.

Universal life offers cash value accumulation where you have the freedom to make your own investment choices.

We work with all major Canadian providers to offer you the best rates on Universal Life Insurance.

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Synergy Insurance

Synergy from Manulife is an affordable 3-in-1 insurance solution that provides life, disability, and critical illness coverage to help protect your family should something happen to you. By using the pool of money approach, Synergy provides solid insurance protection across three risk areas - at an affordable price, helping you protect your income, without costing too much of it.

Life

Your life insurance death benefit is 100% of your available amount of insurance

Critical Illness

Your covered condition benefit amount is the lesser of 25% of the Synergy amount of insurance, and the available amount of insurance (less any Recovery Benefits)

Disability

Your monthly disability benefit amount is the lesser of 0.5% of your Synergy amount of insurance, and the available amount of insurance

We partner with Manulife to offer Synergy insurance insurance for life, disability and critical illness.

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