Financial protection for family plus a source of cash
Whole life insurance plans offer permanent life insurance protection that comes with fixed level premiums that are payable for a given number of years. It is an insurance contract that has both an insurance and investment component. The insurance pays a tax-free stated amount to the beneficiaries upon the death of the insured while the investment component accumulates a cash value that the policyholder can withdraw and use for any purpose they want. Unlike term life insurance that covers you for a specific duration of time, whole life insurance offers you coverage for the entire life and has a higher premium as well. Including whole life insurance in your financial plan saves the frustration down the line. At Xoro Life, we provide flexible whole life insurance plans allowing you to choose the insurance coverage that is right for your needs.
Tax-Free Death &
Protection for Life
Why Consider Whole Life Insurance?
For many years, millions of people have turned to whole life insurance to meet their life insurance needs. It offers various benefits to the policyholders.
Why Choose Xoro Life for Whole Life Insurance?
At Xoro Life, we help you find the best whole life insurance quotes and policies in Canada that are customized as per your needs. When you purchase a whole life insurance policy from us, you get:
Talk to our insurance advisor today for the finer details.
FAQs on Whole Life Insurance
Life Pay Whole Life Insurance – This covers you for the entire life with a built-in savings component.
Limited Pay Whole Life Insurance – It too covers you for your entire life, but you only pay premiums for a set amount of time.
Participating Whole Life Insurance – In this, the policyholders receive dividends annually on the premiums they give to their insurance provider.
Non-Participating Whole Life Insurance – The policyholders do not receive dividends and thus premiums are guaranteed, level, and generally lower.
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