Life, Disability, and Health Insurance for Health Care Professionals, Business Owners, and Their Families

200, 5041 Gateway Blvd NW
Edmonton, AB T6H 4R7

Whole Life Insurance For professionals

Whole Life insurance can offer professionals permanent protection for life. In addition, the policies provide for tax-advantaged investing with guaranteed premiums and cash values.  

The features you get in Whole Life insurance that are not available in other types of life insurance are:  

  1. Premiums are guaranteed. The premium choices are, premiums paid for life, or for a limited number of years, example 10 years or 20 years. Like pre-paying your mortgage if premiums are paid over a shorter period the premiums will be higher.  
  2. The death benefit is also guaranteed if premiums are continued.  
  3. Whole life insurance policies also have a guaranteed cash value. The cash values grow over time depending on the premium level and the dividend credited rate.  
  4. The dividend rate is determined once per year.  

Whole life insurance is for professionals who have maximized non-registered and registered savings options but have additional assets inside a professional corporation that could benefit from additional tax-advantaged options.  

Whole life insurance is a solution that provides:  

  • Protection for the family with the life insurance death benefit and building significant cash values on a tax deferred basis
  • A tool to pass the cash values through a private company to the next generation
  • cash value can be used as collateral for bank loans
  • Loan liabilities can be paid off at death
  • To compliment retirement income  
Life, Disability, and Health Insurance for Health Care Professionals, Business Owners, and Their Families