Canada Life Insurance Policies: Flexible Coverage Planning Services Updated
The company’s insurance services now include four different types of life insurance policies and six variations of health insurance. NIS works with entrepreneurs in the high net-worth segment and professional investors overlooking family trusts and private estates.
More details can be found at https://www.npw.ca/our-services/insurance-services-in-canada
In particular, NIS is now offering a wider range of term life and whole life insurance policies, two of the most popular options for business people looking for comprehensive and flexible coverage. Through NIS, clients can receive either coverage for a set term, such as until their child’s college graduation, or reliable, permanent protection for life.
Regardless, clients can choose an insurance policy that suits their lifestyle and specific needs. For example, the company’s Universal Life Insurance policy offers flexible, life-long coverage that also adds various tax-advantaged investment growth opportunities. This means that the client’s beneficiaries are secured by the core death benefit but the client also has the option to withdraw from their policy’s cash value at any given time.
NIS explains that high net-worth entrepreneurs should consider setting up a life insurance policy if they haven’t done so already. Even if they have sufficient assets in place for their family if they should pass away, life insurance protects their entire estate from various expenses that incur immediately after death, including funeral expenses, emergency funds, outstanding debts, if ever, and mortgage payments.
To determine what type of life insurance one needs in Canada, clients should first add up all the needs of their family in case of their death and buy at least that much in insurance.
A spokesperson for NIS wrote, “Looking for the right insurance product and determining the right amount of coverage can sometimes become overwhelming. That is where our team of insurance experts at Nour Insurance Services Inc. comes in, providing you with the guidance you need to decide what product suits your needs best. Whether it’s family protection, income protection, business continuity, wealth accumulation, or estate preservation, we can help you develop a strategy ideal for you and your family.”
Interested parties can find more information by visiting https://www.npw.ca/our-services/insurance-services-in-canada
Nour Private Wealth
2845 Bristol Circle
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Times of Chennai journalist was involved in the writing and production of this article.