Life Insurance

With so many channels to purchase Life Insurance, it can be difficult for a consumer to get unbiased advice. There are a number of Life Insurance options available on the market today. Please do not hesitate to contact us for more information.

Term Insurance

Term Insurance provides for a death benefit to be paid upon death during a certain period of time or term. It is the lowest cost form of life insurance and is ideally suited for young families with tight cash flow or short to medium term risks such as a mortgage.

Permanent Insurance

Permanent life insurance provides coverage for the life of the insured. It exists in three forms:

• Whole Life
• Term to 100 and;
• Universal Life

The basic premise of permanent insurance is that the premium payable is higher than the mortality cost and a fund accumulates to pay for the high mortality costs in the insured’s older years. Permanent insurance is more expensive than term insurance and requires long-term planning to be of value to a consumer plus the ability to pay higher premiums than those of comparable term options

Work With Redcliffe Financial Group

By working with Redcliffe Financial Group, you will be provided with a comprehensive needs analysis, market survey and an easy to understand product summary so you can choose the policy best matched for your needs.

Contact us today to begin exploring your Life Insurance options or see our recent blog post to learn more about the basics of Life Insurance.