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Life insurance

What kind of protection do you and your family need?

If you have a family or dependents, life insurance is an important tool to protect against the unexpected. If you are single, insurance can help you dictate what happens to your assets and estate.

Life insurance provides a safety net so your family can maintain their lifestyle after you have passed. Your life insurance can be used to pay off debts like vehicles or mortgages and to finance your children’s post-secondary education.

Any time your personal circumstances change, it’s a good idea to re-assess your insurance protection to decide if you need more or different coverage.


Life insurance is protection that benefits your loved ones after you pass away. Use it to pay off debt or pay for your children's education.

You can choose from two options: permanent life insurance or term life insurance.


Permanent life insurance

Provides lifelong financial protection and also can provide guaranteed cash values, dividends and investments, depending on the type of policy you have chosen. Under the umbrella of permanent life insurance, there are two types of protection available that are characterized by the way the payouts are structured:

1. Whole life insurance. 

This is characterized by steady premium payments and a savings feature.

2. Universal life insurance

This insurance offers flexibility in payments and is also known as “adjustable life insurance”. With this option, you can increase or decrease your death benefit and can pay your premiums at any time and in any amount, after your initial payment is complete.


Term life insurance

Provides protection over a specific term, such as 10, 15 or 20 years and can be renewed after those terms are up.  At younger ages, the cost for term life premiums are generally lower than permanent life but as you get older the cost for term life increases. If you pass away within the term of a term life policy, your beneficiaries receive the death benefit amount. If your insurance term expires and you have not renewed your policy, no benefits will be paid.

  Term life insurance Whole life insurance Universal life insurance
Death benefit
Flexible payments    
Cash value guaranteed  
Tax advantaged  
Low monthly cost    


* Disclaimer: Insurance products are offered through Gulf and Fraser Insurance Services Ltd., a wholly-owned subsidiary of Gulf & Fraser. This website is for informational purposes only and is not intended to provide specific insurance, financial, investment, tax, or other advice to you, and should not be acted or relied upon in that regard. Insurance products are underwritten by certain licensed insurance companies and are only available throughout British Columbia, Canada.

Choose the right insurance for you and your family.

Steve Camele, Wealth Protection Planner

​Talk to Steve about what a customized insurance plan can do for you and how we can help protect you and those you love.