This figure represents the Death Benefit that would be payable should the life insured (the person whose life is insured by the policy) die during while the insurance policy contract is in force (valid and in effect).

The "Face Amount" may either remain constant (as in most guaranteed term, T100, level Whole Life and Level Death Benefit Universal Life contracts) or may vary down or up.

While in most cases the "Face Amount" would remain constant, it would decrease over time with such policies as "Reducing Term" or "Mortgage Insurance"… or may reduce in non-guaranteed products or may be reduced in "participating" or "variable" or "adjustable" contracts. In other cases, the Death Benefit may increase, such as through use of certain "dividend options" in "participating" Whole Life policies or when a Universal Life contract is structured for increasing death benefit over time.

To view the coverage amount ("death benefit") over time, run a survey then click on any premium amount shown to display future years' renewal "death benefit" amounts and premium costs.

Consultation with consumer-oriented, knowledgeable and properly equipped Canadian financial service advisors is strongly recommended. To locate such advisors in your area, run a survey then click on the "Find Broker/Agent" button at the survey page.

10-Year Term policy contracts feature a guaranteed level premium for the initial period and, where the contract is "renewable", subject to the "final expiry date of the contract", for at least one additional guaranteed level premium period. The term "renwable" means that the policy may be renewed at the option of the insured without having to re-qualify for the coverage. A "level premium period" is defined as a multiple-year period during which the premium is guaranteed to remain constant and not to increase. The "final expiry date of the contract" is a date beyond which the policy may no longer be renewed at the option of the insured. The "final expiry date of the contract" may differ among various term insurance offerings and is an important matter for consideration. 10-Year Term policy contracts may be either "convertible" or "non-convertible". A "convertible" policy contract provides for the conversion ('exchange') of the term policy contract to a permanent policy, at the option of the insured, without requiring the insured to qualify for the new policy contract. "Convertible" term policy contracts provide important and valuable flexibility. The "conversion period" is the period during which the term insurance policy may be converted at the option of the insured and without requiring the insured to qualify for the new policy contract. The "conversion period" is often different among term insurance offerings. The policy contracts offered by the insurance company for conversion purposes are also different. It is therefore important to consult with a knowledgeable financial advisor who is equipped with the LifeGuide(R) Professional insurance and financial planning software.

10-Year Term policy contracts feature a guaranteed level premium for the initial period and, where the contract is "renewable", subject to the "final expiry date of the contract", for at least one additional guaranteed level premium period.

The term "renwable" means that the policy may be renewed at the option of the insured without having to re-qualify for the coverage.

A "level premium period" is defined as a multiple-year period during which the premium is guaranteed to remain constant and not to increase.

The "final expiry date of the contract" is a date beyond which the policy may no longer be renewed at the option of the insured. The "final expiry date of the contract" may differ among various term insurance offerings and is an important matter for consideration.

10-Year Term policy contracts may be either "convertible" or "non-convertible". A "convertible" policy contract provides for the conversion ('exchange') of the term policy contract to a permanent policy, at the option of the insured, without requiring the insured to qualify for the new policy contract. "Convertible" term policy contracts provide important and valuable flexibility.

The "conversion period" is the period during which the term insurance policy may be converted at the option of the insured and without requiring the insured to qualify for the new policy contract. The "conversion period" is often different among term insurance offerings. The policy contracts offered by the insurance company for conversion purposes are also different. It is therefore important to consult with a knowledgeable financial advisor who is equipped with the LifeGuide(R) Professional insurance and financial planning software.

By the word "Annual" for "Annual Premiums" it is meant that the total sum of the premium amount for the year is payable once per policy year in advance.

By the words "in advance", it is meant that the premiums are payable at the beginning (theoretically on the first day) of each policy year.

The "policy year" commences with the day of the month as stated in the policy contract and its duration is for a full year, commencing with the first day and ending at the end of the preceding day of the following calendar year. For example, a policy year that commences on September 12th continues to and includes the day of September 11th of the following year

The payment of premiums by means of "annual" payments is the most cost effective way, and most recommended particularly if the premiums are paid with "after-tax" dollars ("after tax" dollars represent the money that is left from earnings, after income taxes are paid; for example a person in the 50% income tax bracket would have to earn $2,000 in order to have $1,000 in "after-tax" dollars to pay for the premium).

This figure represents the Death Benefit that would be payable should the life insured (the person whose life is insured by the policy) die during while the insurance policy contract is in force (valid and in effect).

The "Face Amount" may either remain constant (as in most guaranteed term, T100, level Whole Life and Level Death Benefit Universal Life contracts) or may vary down or up.

While in most cases the "Face Amount" would remain constant, it would decrease over time with such policies as "Reducing Term" or "Mortgage Insurance"… or may reduce in non-guaranteed products or may be reduced in "participating" or "variable" or "adjustable" contracts. In other cases, the Death Benefit may increase, such as through use of certain "dividend options" in "participating" Whole Life policies or when a Universal Life contract is structured for increasing death benefit over time.

To view the coverage amount ("death benefit") over time, run a survey then click on any premium amount shown to display future years' renewal "death benefit" amounts and premium costs.

Consultation with consumer-oriented, knowledgeable and properly equipped Canadian financial service advisors is strongly recommended. To locate such advisors in your area, run a survey then click on the "Find Broker/Agent" button at the survey page.

10-Year Term policy contracts feature a guaranteed level premium for the initial period and, where the contract is "renewable", subject to the "final expiry date of the contract", for at least one additional guaranteed level premium period. The term "renwable" means that the policy may be renewed at the option of the insured without having to re-qualify for the coverage. A "level premium period" is defined as a multiple-year period during which the premium is guaranteed to remain constant and not to increase. The "final expiry date of the contract" is a date beyond which the policy may no longer be renewed at the option of the insured. The "final expiry date of the contract" may differ among various term insurance offerings and is an important matter for consideration. 10-Year Term policy contracts may be either "convertible" or "non-convertible". A "convertible" policy contract provides for the conversion ('exchange') of the term policy contract to a permanent policy, at the option of the insured, without requiring the insured to qualify for the new policy contract. "Convertible" term policy contracts provide important and valuable flexibility. The "conversion period" is the period during which the term insurance policy may be converted at the option of the insured and without requiring the insured to qualify for the new policy contract. The "conversion period" is often different among term insurance offerings. The policy contracts offered by the insurance company for conversion purposes are also different. It is therefore important to consult with a knowledgeable financial advisor who is equipped with the LifeGuide(R) Professional insurance and financial planning software.

10-Year Term policy contracts feature a guaranteed level premium for the initial period and, where the contract is "renewable", subject to the "final expiry date of the contract", for at least one additional guaranteed level premium period.

The term "renwable" means that the policy may be renewed at the option of the insured without having to re-qualify for the coverage.

A "level premium period" is defined as a multiple-year period during which the premium is guaranteed to remain constant and not to increase.

The "final expiry date of the contract" is a date beyond which the policy may no longer be renewed at the option of the insured. The "final expiry date of the contract" may differ among various term insurance offerings and is an important matter for consideration.

10-Year Term policy contracts may be either "convertible" or "non-convertible". A "convertible" policy contract provides for the conversion ('exchange') of the term policy contract to a permanent policy, at the option of the insured, without requiring the insured to qualify for the new policy contract. "Convertible" term policy contracts provide important and valuable flexibility.

The "conversion period" is the period during which the term insurance policy may be converted at the option of the insured and without requiring the insured to qualify for the new policy contract. The "conversion period" is often different among term insurance offerings. The policy contracts offered by the insurance company for conversion purposes are also different. It is therefore important to consult with a knowledgeable financial advisor who is equipped with the LifeGuide(R) Professional insurance and financial planning software.

By the word "Annual" for "Annual Premiums" it is meant that the total sum of the premium amount for the year is payable once per policy year in advance.

By the words "in advance", it is meant that the premiums are payable at the beginning (theoretically on the first day) of each policy year.

The "policy year" commences with the day of the month as stated in the policy contract and its duration is for a full year, commencing with the first day and ending at the end of the preceding day of the following calendar year. For example, a policy year that commences on September 12th continues to and includes the day of September 11th of the following year

The payment of premiums by means of "annual" payments is the most cost effective way, and most recommended particularly if the premiums are paid with "after-tax" dollars ("after tax" dollars represent the money that is left from earnings, after income taxes are paid; for example a person in the 50% income tax bracket would have to earn $2,000 in order to have $1,000 in "after-tax" dollars to pay for the premium).

Joint "Last-to-Die", "Premiums Payable until the 1st Death" life insurance policy contracts are intended to provide for covered death benefit upon the death of BOTH covered lives. No death benefit payment is paid upon the death of the first person and the death benefit is only paid once both the first and the second person have died. This type of Joint life insurance coverage is often used for estate purposes but has other uses as well.

With Joint "Last-to-Die", "Premiums Payable until the 1st Death" life insurance contracts, the premiums are payable only until the first death and coverage continues for the survivor (subject to final expiry or maturity date of the contract). Term insurance contract types are generally NOT recommended for Joint "Last-to-Die" coverage purposes for the reason that the policy contract may easily expire before both insured lives are dead..

Joint "Last-to-Die", "Premiums Payable until the 1st Death" life insurance contracts can also be used to add life insurance coverage for a person who may, as a single "stand alone" prospective insured not qualify individually for life insurance (health, occupation, avocation, etc. reasons).