Life insurance is a strong tool to give your family a tax-free gift when you're no longer here. Just picture leaving your kids with $500,000. We all know that someday we won't be here anymore. Wealthy people face this reality and make a plan to protect what they leave behind. Some people wait too long and then can't get life insurance or can't afford it. You don't want that to happen to you. You've been chosen to build wealth for your family's future. Your life insurance policy will be like a special letter of love to your family, giving them freedom! They can use it to pay bills, keep their home, send kids to college, start a business, invest in real estate, and more. Life insurance brings financial peace and hope to your family's future. Schedule a FREE call with us today to discover how life insurance can secure your legacy.

Certainly not! Life insurance comes in various types, each serving distinct purposes. You can choose a policy lasting 10-30 years or one covering you for a lifetime. Some policies refund your premiums if you survive past a specific date. Others allow a portion of your premiums to accumulate cash value. With numerous options available, consulting a licensed professional at Chosen Agency is crucial. Schedule a FREE call with us today for assistance!

It all comes down to your present and future financial objectives. Many people with insurance don't have enough coverage. While having some coverage is better than none, having the perfect amount is always the ideal scenario! Let us assist you in determining the right coverage for you through a financial needs analysis. Schedule a FREE call with us today to uncover your coverage needs.

Life insurance starts at just $10 per month! The cost is influenced by factors such as your age and medical history. Don't delay in purchasing life insurance – you're not getting any younger. The optimal time to make this decision is NOW. Schedule a FREE call with us today to explore budget-friendly options.

Yes, not only is it possible, it’s the cornerstone of effective estate planning. When your estate passes to your heirs, it is – with the exception of your principal residence – treated by Canada Revenue Agency as income to your estate. Your heirs may have to borrow money or sell off part of the estate to pay the tax. As a result, your heirs could see a much smaller benefit from your hard work and generosity.

Estate planning is one of the main reasons for buying permanent life insurance. When your estate passes to your heirs, the tax-free* insurance benefit offsets the taxes, so your heirs won’t need to sell their inheritance or take out a loan.

*Note that probate fees are applicable if you have not designated a beneficiary and the proceeds of your policy become part of your estate.

You should review your life insurance needs during key life events:

- Marriage

- The birth of child or added financial responsibilities

- Purchase of a new home

- A new job

- Divorce or retirement

When you apply for insurance, you will need to complete a medical questionnaire. Other tests may also be required based on your age and the amount of insurance you have applied for. If you are required to provide other tests, at your convenience, we will arrange to have a nurse schedule a visit to your home or your workplace.

A main difference between term and permanent life insurance is that term life insurance has an end date, for example at age 80, whereas permanent life insurance provides coverage for life.

Term life insurance is generally lower in cost because it provides a death benefit for a set period of time. The premium you pay goes towards protection only. Most term life insurance policies don’t build any cash value. (However, most term life insurance policies do allow you to convert your insurance to a permanent life insurance plan).

Permanent life insurance can offer both protection and a cash value. Part of the premium in permanent life insurance goes towards the death benefit – the protection component – and part of it goes into a savings component to accumulate cash value. Permanent life insurance is designed to provide protection for your entire lifetime.

Universal life insurance policies combine permanent life insurance with an investment plan. A portion of each premium purchases your life insurance, while the balance is deposited into your investment plan. Because of this, you protect your family against the possibility that you may die, and you protect your financial future with a tax-deferred or tax-free*, creditor-protected investment account.

*Note that probate fees are applicable if you have not designated a beneficiary and the proceeds of your policy become part of your estate.