Unity Life Canada is a Canadian incorporated life insurance company which offers financial security to Canadians through its quality life insurance products and provides Foresters exclusive member benefits to qualified insurers and annuitants to improve the comfort of your family.
Founded in 1898 as the Insurance Department of the Subsidiary High Court of the Ancient Order of Foresters, the Company was incorporated in 1934. Afterwards it was changed having the name of Toronto Mutual Life Insurance Company. It was then renamed again into Unity Life of Canada in 2002, upon its incorporation with its subsidiary which is The Western Life Assurance Company.
Term life insurance offers a fixed death benefit but for a fixed premium payment and time period. The premium payments are assured and will stay in level for a period of five, ten, fifteen or twenty years. Term policies can be renewed no needing you provide any evidence of insurability for the consequent fixed terms at increased premium amounts. Unity Life grants a collection of reasonably priced term insurance products to suit all your term protection needs.
Permanent Life Insurance provides stability and long-term financial comfort, whether for estate preservation, business planning or retirement purposes. Permanent Life Insurance is made with the idea of earning cash value. Cash value is the sum of money paid off to the policyholder if the policy ends or surrendered. Given that the policy stays in force, the cash value builds up every year and is added to the death benefit. It is a real asset with real value that can aid in protecting you and your family for a lifetime.
Universal Life Insurance certificate permits you to check on the different insurance and investment choices, all within the framework of a single life insurance certificate. Universal Life features would comprise a flexibility to tailor the plan to your necessary needs. You can select the premium, how you allocate the premium, the amount and kind of death benefit, and the rate of the insurance. With your investments, it can grow on a tax-sheltered basis within your insurance contract. The value of the savings portion and the death benefit will matter on the options you put together.
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