Whole Life Insurance Online Quote

Do you want a cheap whole life insurance policy with benefits that remain active for your “whole” life?

Do you want your whole life insurance premiums to stay the same amount for the entire term of the Canadian whole life insurance policy?

If so please Contact Insurance Direct Canada (IDC). We can answer your questions about whole life insurance carriers and about how whole life insurance works. We can also provide you with a whole life insurance quote.

Get a Cheap Whole Life Insurance Online Quote

Whole Life Insurance Explained

To help you understand whole life insurance and how it works, here’s a brief overview.

Your IDC whole life insurance quote is for a two-part, Canadian permanent insurance policy designed to remain with you until you die. A whole life insurance policy includes a term life portion and a “savings” portion.

• Whole life insurance policies are generally paid through single monthly premiums and in most cases, premiums are to be paid every year for the life of the policy (in some cases, arrangements can be made where the policy can be “paid up” at some point, meaning no further monthly payments are required)
• Whole life insurance rates or premiums, remain the same (level cost) and does not increase throughout the life of the policy; you pay the same monthly whole life insurance premium each and every year
• Each month a portion of your monthly whole life insurance rate is put into the “savings” (investment) part of your policy
• Should you need it, this “saved” portion (cash values) can become “liquid” (some restrictions may apply) and be taken out during the term of the whole life insurance policy as a low-interest loan (this can help immensely in the event you incur an unexpected financial crisis)
• Access to “cash values” in your whole life insurance policy, can be tax free up to the value of the total premiums paid
• Should the policyholder die, the whole life insurance benefit paid out will be reduced by the amount that is still outstanding on the loan
• The term life insurance portion of the whole life insurance policy decreases in value over time
• Your whole life insurance quote also offers a minimum guaranteed return (cash value) plus a second, non-guaranteed cash value from projected returns
• Should the policyholder die before the full term of the whole life insurance policy, the initial full cash value of the whole life insurance policy is what is paid out, regardless of how much has accumulated in the “savings” portion

Ask for a whole life insurance quote and you’ll discover that since your level monthly premiums never increase you can take comfort in knowing that your whole life insurance policy won’t cost you more as you get older.

Not only will your whole life insurance policy not cost you more, the whole life insurance cash values will also accumulate over time and can be available later on if needed for emergencies. Whole life insurance is a great choice for people with long range goals.

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About Insurance Direct Canada (IDC)

Insurance Direct Canada is a Canadian insurance brokerage company and a Managing General Agency (MGA).

IDC provides top-quality, affordable whole life insurance quotes plus quotes for Universal Life Insurance, Term Life Insurance, Long Term Care Insurance, Critical Illness Insurance, and more, to residents of Ontario, British Columbia, Manitoba, Saskatchewan, Nova Scotia, New Brunswick, Prince Edward Island, Newfoundland and Labrador, Yukon, the Northwest Territories and Nunavut.

We can provide you with affordable whole life insurance quotes from some of Canada’s top insurance companies like AIG Life, RBC Insurance, Unity Life, Industrial Alliance, Manulife, Canada Life, Empire Life, Equitable Life, Maritime Life, Reliable Life, Standard Life, Transamerica Life and IAP Life.

IDC does not charge Canadians for a whole life insurance quote; our commissions are paid by the whole life insurance company that you choose to open a policy with.

Contact Us for More Information About Whole Life Insurance

For whole life insurance information in Canada or to obtain a whole life insurance online quote, Contact An Insurance Direct Canada broker or call directly Toll Free at 1-866-238-9271.

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