Guaranteed Whole Life policies are fading,
but some companies still offer them.
Photo by Caroline Barberis
Guaranteed whole life policies have been under pressure in recent months, as many life insurance companies in Canada have responded to historically low interest rates by either raising the rates on the guaranteed whole life insurance policies or removing these policies from their product lineup.
The following is an example of $250,000 of guaranteed whole life coverage for a 30-year-old, male non-smoker at standard rates:( Life Insurance Guaranteed Whole Life Policies continued...)