Permanent Life Insurance

assurance vie

Permanent Life Insurance

Permanent life insurance, also called whole life insurance, covers the insured during his or her entire life and makes provision for a payment to the beneficiaries at the time of the insured’s death, whether accidental or not.

In some cases, it includes a savings element called “cash surrender value.” It corresponds to the amount collected by the insured if the insurance contract is terminated. The cash surrender value can be used to borrow money or to keep the policy in force (pay the premiums). Permanent life insurance can be paid over a chosen period of time, 10 years, 15 years, 20 years or over the lifetime.

It is important to be careful with this type of contract. In fact, some financial institutions offer permanent life insurance policies with stock yields or with dividends (policy dividends), also called surplus, and promise that if the rates remain the same, you will no longer have to pay/OR you can cease payment after a certain number of years and will remain insured throughout your life.

If you are interested in limited-pay whole life insurance, make sure that it is guaranteed. If such is the case, it will be indicated on the first page of your contract that the policy will be paid up at the end of your chosen payment term.

Permanent life insurance is an excellent idea for those who want lifetime protection, without an increase in premiums.

Be careful! Do not base your decision on your contract’s future cash surrender value because you will be disappointed to learn that to receive it, you will have to cancel your policy or borrow at the financial institution’s interest rate. 

ONLINE PURCHASE!


Did you know that it is now possible to obtain
a life insurance online, without a broker?

Fill out a quote request here or by calling us at 1-844-285-5007
Everything will be settled under 30 minutes.


Free service.

3 LITTLE steps will make you save BIG!

(File opened within 30 minutes, during our business hours)

1

I fill out the online quote form

2

I let the quote comparator come up with the best rate

Only takes a few minutes

3

Within the next few minutes, I receive an email with the best quote available

And I save!

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The best price is offered by Desjardins, banks and life insurance companies. It is guaranteed!
Since 2001, Meilleure Assurance Vie has been an independent premium comparator, and we do not encourage any particular financial institution.
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Find out what our customers think
Thank you for your help! I found a better rate with you since Caisse Populaire Desjardins wanted to charge me an additional $21 per month.
- Y. Bureau Bécancour, June 2014
We obtained mortgage life insurance and personal life insurance adapted to our situation, at the best price on the market from among all the financial institutions. Great service! Many thanks!
- C. Dionne P. St-Pierre Sherbrooke, May 2012
I enjoyed the simplicity and how easy it was.
- Rino Belzile Montreal, September 2013
Nothing more to add: Fast, efficient and best rate available!
- Alain Millette Quebec, April 2013
Find out what our customers think
Thank you for your help! I found a better rate with you since Caisse Populaire Desjardins wanted to charge me an additional $21 per month.
- Y. Bureau Bécancour, June 2014

Don’t know where to start?

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