Life insurance products

Life insurance is an important part of your financial security plan. There are four types of policies to choose from, depending on what you need and what stage of life you’re at.

Term life insurance

A term policy provides coverage for a limited period of time, usually 10, 20 or 30 years. It is generally a more affordable option.

Permanent life insurance

A permanent policy will provide coverage for the rest of your life. Compared to term insurance, this type of policy is more cost-effective in the long term.

Participating life insurance

Participating life insurance provides lifetime insurance coverage with flexible, tax-efficient dividend options to grow your estate significantly or access cash when you need it.

Universal life insurance

A universal policy will provide coverage for the rest of your life and also includes a tax-deferred investment component.

Your needs

Principales caractéristiques de six régimes d'épargne-retraite collective
You want to…	Term life insurance	Permanent life insurance	Participating life insurance	Universal life insurance
get affordably priced coverage for a specific period	10, 20 or 30 years	Not included	Not included	Not included
benefit from coverage that costs less over the long term	Not included	Lifetime coverage	Lifetime coverage with dividends	Lifetime coverage with a savings component
cover your final expenses (funeral costs, income taxes, etc.)
pay off debts after your death (mortgage, line of credit, etc.)
maintain your family’s lifestyle after your death
leave something behind for your loved ones	Not included
grow your savings tax-free and diversify your investments	Not included	Not included
optimize the values of your life insurance policy	Not included	Not included
receive dividends	Not included	Not included		Not included
prepare to transfer ownership of your business and ensure its sustainability after your death