IDC Canadian Whole Life Insurance Quotes

Canadian whole life insurance from Insurance Direct Canada (IDC) is an affordable “fixed premium” life insurance policy that covers you for your entire life.

Contact Insurance Direct Canada for more information about Canadian whole life insurance quotes.

About Insurance Direct Canada

Insurance Direct Canada is a Canadian insurance brokerage firm with the ability to provide Canadians with quality, affordable whole life insurance quotes from the some of the top insurance companies in Canada, most notably:  

As a Managing General Agency (MGA), IDC provides Canadian whole life insurance quotes at no charge to customers in Ontario, British Columbia, Manitoba, Saskatchewan, Nova Scotia, New Brunswick, Prince Edward Island, Newfoundland and Labrador, Yukon, the Northwest Territories, and Nunavut. Our commissions are paid by the insurance carrier who provides you with a Canadian whole life insurance policy.

Canadian Whole Life Insurance Basics

Canadian whole life insurance quotes describe a type of life insurance that provides insurance coverage for every member of the family, from the breadwinner of the house to the smallest child. Whole life insurance is sometimes referred to as “cash-value life insurance”. This type of cash surrender insurance policy provides permanent insurance that will never expire plus a cash value that increases over time.

The cash value of a Canadian whole life insurance policy is available to the policyholder in the form of a loan. The policyholder is charged interest on the outstanding balance of the loan until the full amount is repaid. However, the interest rate is low compared to loans provided by other financial institutions.

The loan is also available regardless of the policyholder’s credit rating. If the loan is still outstanding once the policyholder dies, the beneficiary benefits are decreased by the loan amount in order to satisfy the loan balance owed to the Canadian whole life insurance carrier.

A Canadian whole life insurance policy is also very flexible, allowing you to cancel the policy at any time, or withdraw the cash value of the policy in the form of a loan, as needed.

If the Canadian whole life insurance policy permits, some policyholders opt to stop paying monthly premiums for a time when financial difficulties arise. The cash value of the policy itself is then used to pay the monthly premiums in this case.

Types of Canadian Whole Life Insurance Policies

There are different types of Canadian whole life insurance policies to choose from.  You can select a program where you pay for the whole life insurance in 10,15, or 20 years, by age 65, or choose a straight whole life insurance policy that offers lifetime coverage with low monthly “fixed” premiums.

A friendly Insurance Direct Canada insurance agent can help you select which type of whole life insurance would benefit you most and be best for your situation.

Ask for Canadian Whole Life Insurance Quotes from IDC

Along with Canadian whole life insurance quotes, IDC can provide quotes for Universal Life Insurance, Term Life Insurance, Long Term Care Insurance and Critical Illness Insurance, plus much more.

If you require more Canadian whole life insurance policy information or you are ready to discuss your life insurance needs, talk to us. An IDC insurance broker can provide you with the best available Canadian whole life insurance quotes from some of the top life insurance companies in Canada.

Call Insurance Direct Canada today, Toll Free at 1-877-762-7802.

For more information on Canadian whole life insurance quotes, Contact an Insurance Direct Canada broker or apply for a Canadian Whole Life Insurance Quote Online!

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