Whole Life Insurance Explained
There’s a lot of confusion about the difference between term, universal and whole life insurance. As the name suggests, whole life insurance covers you for life. It’s an investment both personally and financially. Along with death benefits, whole life insurance provides a cash value accumulation that increases during the life of the policy. That cash value is based on how much the return on investment is worth. As a policy holder, you may withdraw or borrow a portion of the value during the life of the policy. Typically, coverage requires a health examination, unless you don’t mind higher premiums.
A whole life insurance policy can be a flexible and powerful vehicle for financial security. While whole life insurance may come with higher premiums than term life, it can potentially save you money over the life of the policy.
Learn more about the differences between life insurance policies and the companies Regal Insurance partners with.
Get your whole life insurance quote today!
Connect with our brokers for customized insurance solutions that outdo big providers. Specializing in whole life insurance, we ensure you receive the right coverage at the best possible price.
Comparing Whole Life Insurance Rates From Canada’s Leading Insurance Providers
Read More
Road Rage: Risks, Liability, and How Auto Insurance Can Protect You
Road rage is an increasingly common issue on Canadian roads, with surveys showing a rise in aggressive driving behaviours. These incidents not only endanger lives...
Protect Your Business from Cybercrime and Ransomware with the Right Insurance
Cybercrime and ransomware attacks are on the rise, posing significant threats to businesses of all sizes. From data breaches to costly ransomware attacks, the impact...
A Comprehensive Guide to Contractors Insurance in Ontario
Understanding Contractors Insurance Contractors in Ontario face a unique set of risks every day, from potential legal claims to equipment theft and job site accidents....
