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Term Life Insurance
The word “term” here is significant. It designates the duration of this type of insurance contract. It includes a guaranteed renewal clause. It is renewable at the end of the contract’s duration/term which is generally calculated in five year segments or 5, 10, 15, 20, 25, 30 or 35 years. Moreover, the amount of the premiums is revised upwards as the end of the chosen term nears.
This product is ideal for business people, single persons, couples or young families. It provides coverage for projects over a specified term, while offering protection for the holders and the people around them, at the lowest cost possible. This product is often used to cover a mortgage, a loan or a credit margin.
The benefits:
The disadvantage:
Mortgage Insurance
Our mortgage insurance offer
What you will gain with us
There is no better mortgage insurance than insurance provided by an independent underwriter who also guarantees the best rate on the market.
The benefits of doing business with us
Who are our insurance advisors?
Critical illness insurance
Critical illness insurance
This type of insurance will provide you with a lump sum, tax-free, following a critical illness diagnosis. It allows you to focus entirely on your recovery without having to be preoccupied with your financial burdens caused by your illness.
Who is it for?
Anyone afflicted with a critical illness and wishes to cover their financial needs. To benefit from this, however, you need to be in good health when signing up.
Benefits
You’ll get a tax free lump sum 30 days after the critical illness diagnosis. This payment can be used in any way, without any restrictions.
37 Diseases covered
Children’s diseases
Partial benefit for critical illness (15%)
Benefits
Partial benefit for critical illness (15%)
Benefits
Permanent life insurance
Permanent life insurance, also called whole life insurance, covers the insured during his or her entire life and makes provision for a payment to the beneficiaries at the time of the insured’s death, whether accidental or not.
In some cases, it includes a savings element called “cash surrender value.” It corresponds to the amount collected by the insured if the insurance contract is terminated. The cash surrender value can be used to borrow money or to keep the policy in force (pay the premiums). Permanent life insurance can be paid over a chosen period of time, 10 years, 15 years, 20 years or over the lifetime.
It is important to be careful with this type of contract. In fact, some financial institutions offer permanent life insurance policies with stock yields or with dividends (policy dividends), also called surplus, and promise that if the rates remain the same, you will no longer have to pay/OR you can cease payment after a certain number of years and will remain insured throughout your life.
If you are interested in limited-pay whole life insurance, make sure that it is guaranteed. If such is the case, it will be indicated on the first page of your contract that the policy will be paid up at the end of your chosen payment term.
Permanent life insurance is an excellent idea for those who want lifetime protection, without an increase in premiums.
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