Term Life Insurance
As the years go by, your insurance needs change. Less expensive than Whole Life insurance, Term Life insurance is ideal for predetermined term coverage. Whether you’re a student, a new parent or a homeowner, Term Life insurance is tailored to your reality.
Term life insurance is used to provide financial security for your loved ones in the event of your death.
Cover a Temporary Debt
If you have debts, such as a mortgage, car loan or student loan, this coverage helps pay them off in the event of premature death.
Replace an Income
If you’re the family’s primary provider, insurance can replace your income for a few years to help your family adjust.
Protect Your Children
It can cover childcare and education fees until they become financially independent.
Available Durations
Coverage can be of 10, 15, 20, 25 or 30 years. You can choose the duration to suit your specific needs and budget.
Affordable Cost
The price stays the same for the entire duration of the initial coverage chosen. After this period, the price will increase, but the amount of the increase is guaranteed and known in advance.
Extended Coverage
You have the flexibility to upgrade your current coverage to a longer term without needing to provide new evidence of health. This extension offers your family longer protection and gives you lasting peace of mind. You must apply within the first five years.
Convert to Whole Life Insurance
Converting Term Life insurance to Whole Life insurance gives you lifetime coverage instead of coverage limited to a specific term. If your needs change or your budget evolves, you can convert before the age of 70 without needing to provide new evidence of health.
Speak with your advisor!
Whole Life Insurance
Knowing that your family is protected without having to worry about it is invaluable. In addition to guaranteed premiums, this insurance offers a surrender value if your past needs no longer align with your goals.
Whole Life insurance offers you lifelong protection, and offers you the following benefits:
Pay for Funeral Expenses
Covers funeral costs, sparing your loved ones from this financial burden.
Pay Taxes and Debts Upon Death
Helps pay off debts and taxes upon your death, ensuring your loved ones receive the full inheritance you intended for them.
Bequeath a Guaranteed Amount to Your Heirs
Guarantees the payment of a tax-free insurance amount to your beneficiaries, regardless of when you pass away.
Term of Coverage
Enjoy lifetime coverage, with no expiration.
Fixed, Guaranteed Cost for Life
Your price never changes, regardless of changes in your age or health. You also have the option to stop making payments through the payment release feature.
Surrender Value
Build a guaranteed value over time, available when you need it. You can borrow or withdraw funds from your insurance’s accumulated surrender value, according to your financial goals.
Whole Life insurance accumulates surrender value over time, which you can access under specific conditions. Tax implications may apply.
Partial Surrender
You can withdraw a portion of the surrender value, which will reduce your insurance coverage.
Total Surrender
You have the option to cancel your insurance and receive the full accumulated surrender value. This will terminate your coverage, and your beneficiaries will not receive any amount of insurance upon your death.
Borrow
You can borrow an amount equivalent to a portion of the surrender value. Your contract will remain active, but interest will accrue and will be deducted from the insurance amount if the loan is not repaid during your lifetime.
Speak with your advisor!
Why UV Insurance?
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A Mutual Insurance Company You Can Trust
A century-old Quebec-based company, committed to social responsibility and renowned for its exceptional financial strength.
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Excellent, Tailored Protection
A range of flexible, affordable products and services designed to meet all needs, recommended by a network of experienced advisors and accessible through innovative technological tools.
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A Reassuring and Human Approach
A team committed to delivering local, high-quality customer service, guided by empathy and kindness.