Printer Friendly
Send to friend
PDF versionLife Insurance
Josslin has a comprehensive offering of Life Insurance products that fit your personal needs including:
Term Insurance
meant to be paid out to your beneficiary should you pass away unexpectedly... read more
Mortgage Insurance
Mortgage insurance is an essential safety net for those with mortgages on their homes and investment properties. It ensures that the amount of mortgage outstanding is paid... read more
Universal Life Insurance
Universal life insurance is a two part policy: The first part is a life insurance component that offers various types of coverage. The second part is an investment component that can be ... read more
Whole Life Insurance
Whole Life Insurance policies are designed to last your entire life. Because of this, the premium paid is lower than life insurance policies with a predetermined end-of-coverage date.... read more
Not sure which life insurance is for you?
Check out our Life Insurance chart to get a better understanding of the differences between the plans available. If you still have questions, please feel free to contact us to discuss your life insurance needs.
|
|
Whole Life Insurance |
Universal Life Insurance |
Mortgage Insurance | |
| Type of Coverage |
Short term solution: Young families, debt coverage, buy sell agreements etc. | Long term solution: Estate preservation, buy sell agreements, charitable giving policies | Long term solution: Capital accumulation, Estate preservation, key-person, buy/sell agreements, up to 10 lives per policy. | Short term solution: covers term of mortgage, completely portable to a different mortgage, premiums are not taxable. |
| Payout at Time of Death* |
Yes | Yes | Yes | Yes |
| Length of Coverage | 10, 20, 30 years or up to age of 100 | Entire Life | Entire Life | Length of mortgage, usually 10, 20 or 30 year term plan. |
| Can be Borrowed From/Against | No | Yes | Yes | No |
| Available Cash Value | No | Yes | Yes | No |
| Tax-Deferral Benefits | No | Very possible depending how the plan is set up. | Very possible depending how the plan is set up. | No |
| Premium Amount | Increases each term renewal with no medicals or testing required. | Fixed rate for life | Variable, based on Insurance premium and Investment component combined. | Increases each term period, then renews with no medicals or testing required. |
