Everything You Should Know About Life Insurance in Victoria BC

What is life insurance? Life insurance is a contract between an insurance policy and an insurer or assurer.

Life insurance contract falls into main two categories:

• Protection Policies

• Investment Policies

There are different parts in life insurance in Victoria BC

• Critical Illness

• Long Term Care

• Disability Insurance

• Term Life Insurance

• Health and Welfare Trust

Every part has different insurance policies.

Different Types of Life Insurance Policies

1. Endowment Life Insurance

2. Whole Life Insurance

3. Variable Life Insurance

4. Universal Life Insurance

5. Variable Universal Life Insurance

6. Decreasing-Term Insurance (also known as mortgage life insurance)

7. Increasing Term Insurance

8. Renewable Term Insurance

9. Joint Life Insurance

10. Death-in-Service Benefits

If you are still confused & not having life insurance then it is a good time to invest in it. Get the life insurance at an affordable rate from Discovery Insurance Services, Victoria, BC. Our experienced insurance brokers in Victoria will assist you & you will get every detail about the plan & its benefit.