CIBC Term Life Protection Plan

CIBC Term Life Protection Plan offers a $50,000, $75,000 or $100,000 five-year term life insurance coverage. In the event of death, this amount will be paid to your beneficiaries. The CIBC Term Life Protection Plan also gives a Living Benefit of up to $50,000, a Cancer Benefit of up to $10,000, and a Waiver of Premium Benefit. There are no restrictions on how the benefit can be utilized and the benefit payment is tax-free.

Term Life Greater than $100,000

Term life insurance can be an essential part of your full financial plan. Be sure you do not miss out the value of life insurance and how it adds to your family's financial security. You can utilize a term life insurance policy for a lot of things such as income replacement to keep your family's lifestyle and provide provision of childcare and education expenses. Aside from that, use it for paying off the taxes you owed on your assets upon your death. And lastly, have the protection for a co-owned business. Term life insurance complements your overall financial plan and provides you the security and confidence necessary for your peace of mind.

Official website: http://www.cibc.ca

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