Unity Life of Canada joined the Foresters family in April 2008 and as of Jan 23 2012 changed their name to Foresters Life Insurance Company.
Term life insurance provides affordable insurance premiums for a stated term, such as 10 years, 15 years, 20 years or 30 years. The longer the term, the higher the initial premium.
Most term policies are guaranteed renewable after the initial term at a much higher premium and most term policies are convertible to a Permanent Level-rate policy without a medical. Keep in mind, the premiums are based on the insured’s age at the time of coversion.
Women will pay a much lower rate than men for Term Life insurance.
The following is a snapshot of the pricing on Women's Term Life insurance versus Men's Term Life insurance on a 30-year term:(Women's vs. Men's Term Life Insurance in Canada continued...) | 4 comments