Whole Life Insurance
The coverage offered by whole life insurance is activated instantly as soon as the insured’s medical file is accepted. As for the policy, it contains a cash value, which allows the insured to surrender the entire insurance at any time. In the event of death, the capital is paid to the beneficiaries named in the permanent life insurance policy and is not part of the assets of the estate, as it gives rise to an undeniable tax advantage. The death benefit is indefinite, so the insured remains covered throughout his or her life, regardless of his or her state of health. In addition, its payment is guaranteedregardless of the age at which death occurs.
Term life insurance: Flexible and affordable protection
Term life insurance is an ideal solution for those looking for short- or medium-term financial protection, while keeping their budget under control. Offering coverage for a fixed period of time (10, 20, or 30 years), it protects your loved ones in the event of death during the chosen period. This option is often preferred to cover specific financial obligations, such as a mortgage, children’s education, or income replacement. With more affordable premiums than permanent life insurance, it’s an excellent choice for accessible and effective financial security.
