For the Future
Life insurance in Winnipeg is designed to protect your loved ones and financial plan if you’ve started a family, bought a home, gotten married, or experienced another insurance-qualifying event. There are two main types of life insurance: term and permanent. Each one offers different features and benefits. Nation West is here to help discuss with you what options are best suited to your goals and lifestyle so that your loved ones can have peace of mind.Get a Quote
Life Insurance Information
There are many kinds of life insurance, but they generally fall into two categories: term insurance and permanent insurance.
Term insurance is designed to meet temporary needs. It provides protection for a specific period of time (the “term”) and generally pays a benefit only if you die during the term. This type of insurance often makes sense when you have a need for coverage that will disappear at a specific point in time. For instance, you may decide that you only need coverage until your children graduate from college or a particular debt is paid off, such as your mortgage.
In contrast, permanent insurance provides lifelong protection.
As long as you pay the premiums, and no loans, withdrawals or surrenders are taken, the full face amount will be paid. Because it is designed to last a lifetime, permanent life insurance accumulates cash value and is priced for you to keep over a long period of time.
It’s impossible to say which type of life insurance is better because the kind of coverage that’s right for you depends on your unique circumstances and financial goals.
But remember, the best way to figure out the amount and type of life insurance that makes sense for your particular situation is to meet with a qualified and licensed life insurance professional.
Coverage Options for Life Insurance
Nation West has partnerships with some of the top life insurance companies in Western Canada. Life insurance comes in several different types, including the following:
- Term-life insurance
- Universal life insurance
- Whole life insurance
- Permanent life insurance
- Mortgage life insurance
Life Insurance Protects.
Life insurance can be confusing. Depending on the type of policy you have, coverage may vary. However, life insurance will typically protect:
- Your plans – in the event of your unexpected passing.
- Your dependents or beneficiaries.
- Opportunity to accumulate cash value (with permanent life insurance policies.)
- Term or lifetime coverage.
- Your peace of mind – knowing your loved ones are secure even if something happens.
Nation West’s life insurance brokers are here to help you whenever and wherever they can. Here’s why Nation West’s life insurance brokers are leaders of the pack:
- Because our brokers don’t work for any one life insurance company, they will always advocate for you first.
- Live your life without worry. Nation West’s brokers do the shopping for you and find you quotes quicker.
- Community-driven, always, Nation West donates a portion of its premiums to Western-based humane societies.
Our brokers at Nation West want to preserve your peace of mind, for you, your family, and for your future. Get started today.
Life Insurance Quotes – When You Need Them.
Nation West offers an easier way to get life insurance quotes. We want you to have an easier time getting quotes to preserve your family’s peace of mind, knowing that the future ahead is bright. Let us do the heavy lifting for you and shop around for quotes so you don’t have to. Whether you’ve recently purchased a home, started a family, or have big plans, life insurance is the way to go.Get a Quote