![]() ![]() Make a list of your major financial obligations.However, we will suggest you consider other financial elements: Traditionally, insurance companies in Canada suggest multiplying your salary by 10 to determine the amount of your death benefit. You can choose fixed premium payments or variable payments, and you can also build cash value on your policy. Term 100 keeps you covered for life as long as you pay your monthly premiums. You can vary the amount of premiums that you want to pay and control your investment options. ![]() Universal life insurance combines the safety of whole life insurance with options for investing extra money.
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