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There are 2 basic types of life insurance coverage: term and permanent.
Each has unique features designed to meet different needs. Whether you're starting a family, buying a home, or getting married a plan can be tailored for you.
1.Term Insurance
Temporary coverage
Lower cost
Fixed payments
Option to convert to permanent
2.Permanent Insurance
Lifetime coverage
Higher cost
Flexible payments
Opportunity to build cash value
Cindy David, CFP, CLU, FEA, TEP, is President & Estate Planning Advisor at Cindy David Financial Group Ltd. in Vancouver. A recognized leader in wealth management and estate planning, Cindy guides clients with strategic, tax-effective solutions while championing innovation and women’s leadership in the financial industry. She is the former Chair of the Conference for Advanced Life Underwriting (CALU) — Canada’s professional association for senior life insurance and financial advisors that advances education, advocacy, and best practices in advanced planning and public policy.
