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    Lifelong Protection and
    Lasting Value for Your Family

    Secure your family's future with whole life insurance-guaranteed coverage, stable premiums, and built-in savings, all from a trusted Canadian advisor.

    Punjab Insurance has been helping Canadians protect their loved ones with permanent life insurance for over 25 years. We compare Canada's top insurers to find whole life plans that fit your needs and budget.

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    What Is Whole Life Insurance?

    Whole life insurance is a type of permanent life insurance that provides coverage for your entire lifetime. Unlike term insurance, whole life never expires as long as you pay your premiums. These policies also build cash value over time-a savings component you can use for retirement, emergencies, or other goals.

    • Lifelong protection: coverage that never expires
    • Cash value savings: grows tax deferred and can be accessed or borrowed
    • Fixed premiums: your monthly or annual payments never increase

    Whole Life Insurance

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    Types of Whole Life Insurance

    Non-Participating Whole Life Insurance - guaranteed cash value, no dividends
    Non-Participating

    Guaranteed cash value, no dividends.

    Participating Whole Life Insurance - potential for dividends based on insurer performance
    Participating

    Potential for dividends based on insurer performance.

    Limited Pay Whole Life Insurance - pay premiums for a set period, coverage lasts for life
    Limited Pay

    Pay premiums for a set period (e.g., 10 or 20 years), but coverage lasts for life.

    Why Choose Whole Life Insurance?

    Guaranteed lifelong coverage with Whole Life Insurance
    Guaranteed coverage for life
    Builds cash value savings accessible during your lifetime
    Builds savings you can access
    Fixed premiums that never increase over time
    Fixed premiums that never increase
    Estate planning and tax-advantaged growth opportunities
    Estate planning and tax-advantaged growth
    Can be used as collateral or to support loved ones with special needs
    Can be used as collateral for loans or to support loved ones with special needs

    How Does Whole Life Insurance Work?

    Premiums
    Premiums

    Pay the same amount for life (monthly or annually). Some plans let you pay up in 10, 15, or 20 years for lifetime coverage.

    Death Benefit
    Death Benefit

    Your beneficiaries receive a guaranteed, generally tax-free lump sum (under current Canadian tax rules) when you pass away.

    Cash Value
    Cash Value

    A portion of your premium builds cash value, which you can borrow against or use as savings. Some policies pay dividends if the insurer performs well.

    Lifetime Coverage
    Lifetime Coverage

    Your policy remains active for life, even after retirement.

    How Much Does Whole Life Insurance Cost?

    Whole life insurance costs more than term because it offers lifelong coverage and savings. Premiums depend on your age, health, coverage amount, and payment structure. For a personalized quote, speak with a Punjab Insurance advisor.

    Premiums vary by age, health, coverage amount, and plan type. Get a personalized quote for accurate pricing.

    FREQUENTLY ASKED QUESTIONS

    Frequently Asked Questions about
    Whole Life Insurance

    How much whole life coverage do I need?
    Consider your income, debts, family needs, education and end-of-life expenses, and your long-term goals. Our advisors can help you calculate the right amount.
    What's the difference between whole life and term life insurance?
    Term life covers you for a set number of years, while whole life protects you for life and builds cash value.
    Can I use the cash value while I'm alive?
    Yes! You can borrow against it, withdraw for emergencies or retirement, or use it for premium payments.
    Are there medical requirements?
    Some whole life plans require medical questions; others may not need a medical exam.
    Can I use my policy as collateral for a loan?
    Yes, many Canadian lenders accept the cash value of whole life insurance as collateral for business or personal loans.
    How do I get started?
    Get a free quote or schedule a call with a licensed Punjab Insurance advisor for personalized guidance.
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    Why Families & Businesses Choose Punjab Insurance

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    Secure lifelong protection with whole life insurance you can count on. Enjoy guaranteed coverage, stable premiums, and cash value growth that provides lasting financial support for your loved ones-today, tomorrow, and for generations to come.
    Disclaimer: Information on this page is for general guidance only and not a substitute for professional advice. Please consult a licensed Punjab Insurance advisor for personalized recommendations.