Term 100 Life Insurance Alberta
At CanCare Life, it’s about finding a term 100 life insurance Alberta coverage that fits your life, supports your family, and aligns with your future vision.
Long-Term Protection That Fits
Designed for lifelong peace of mind, Term 100 life insurance for seniors in Alberta locks in both your premiums and death benefits. The plan ensures your loved ones receive guaranteed financial support along with a tax-free payout and lifelong coverage. Whether you are building a family, managing debt, or thinking ahead to retirement, this coverage option offers the stability and peace of mind.
Helping more than a hundred thousand families, there’s no stopping the betterment
CanCare Life provides multiple plan comparisons, helping you make confident decisions to safeguard your family’s financial security and future stability.
Areas We Serve
Protecting Albertans Across the Province:
Term 100 Life insurance in Edmonton
Term 100 Life insurance in Calgary
Term 100 Life insurance in Red Deer
How is Term 100 different from regular term life insurance?
Regular term life insurance covers you for a limited period and expires if you outlive the term. Whereas term 100 provides coverage until you age 100. It becomes a permanent solution for your family’s security. It combines the affordability of term insurance with the lifetime coverage of permanent insurance.
Does Term 100 life insurance build cash value in Alberta?
No, most Term 100 policies do not accumulate cash value. They are designed to provide pure life insurance protection at a lower cost compared to whole life insurance. Therefore, this might not be suitable for families trying to manage their financial budgets as well. It is better to talk with licensed insurers.
Can I convert my existing term life policy to term 100 in Alberta?
Some insurance companies allow conversion from a standard term policy to a term 100, depending on certain terms and conditions. However, in Alberta this option is worth exploring if you want to extend your coverage. The plan proves beneficial in terms of maintaining your death benefit.
Can Term 100 premiums increase over time in Alberta?
No, term 100 premiums stay constant in Alberta. It is important to understand that premiums are guaranteed level for the lifetime of the policy. This makes term 100 predictable compared to renewable term life, where premiums rise with each renewal.
Coverage Options
1
Level Premiums
Fixed premiums until you turn 100, the insurance policy might be paid up by this time
2
Permanent Protection
Sole insurance protection at affordable rates with no cash value or investment growth
3
Non-Participating Structure
Lower and predictable premiums till you age 100, so you don’t receive profit-sharing
4
Joint Coverage
Covers two people, with the death benefit paid after the second death happens
5
Death Benefit
Comprehensive payout to your beneficiaries after you pass away, which does not decrease
6
Corporate Coverage Options
Company executive protection for covering business tax liabilities and funding partners