Life Insurance

Safeguard What You've Earned

Once you've grown your assets, how do you protect them from the unexpected? Begin by looking at what your needs are today and then try to estimate what they will be down the road. Life insurance can provide an effective safety net to protect against financial loss arising from your death somewhere along that path.

Life insurance comes in two types: Permanent and term. Permanent insurance can supply you with protection for your entire life or to a specified age while term insurance is used to meet immediate expenses like short-term debt obligations. Depending on the policy, permanent insurance can pay a death benefit, accumulate value within the policy and potentially offer tax advantages.

Benefit From Coverage For Life

Permanent insurance policies can be flexible, allowing you to choose the amount of insurance coverage and investment options to meet your goals. Benefits of permanent insurance can include:

• Flexible coverage options
• Diverse options for investment portion
• Tax-advantaged investment growth
• Estate planning uses and creditor protection

Insurance Tailored To You

The three most common types of permanent insurance include:

• Term-To-100
  Offers permanent insurance protection with coverage in place for either the life of the insured or until age 100.
• Universal Life
  Provides increased flexibility to build up additional savings or insurance coverage as required. The savings options include a broad range of investment alternatives.
• Whole-Life Insurance
  Gives insurance protection for your whole life, while potentially allowing for the accumulation of cash value in the policy.

Get In Touch

Ready to learn more about the options available to you through permanent insurance? Contact your CIBC Wood Gundy Investment Advisor, who can introduce you to a qualified Estate Planning Specialist (Financial Security Advisor in Quebec). To find out how we can help you, use our Find An Advisor tool to locate a CIBC Wood Gundy Investment Advisor near you.

The information contained herein is considered accurate at the time of posting. CIBC and CIBC World Markets Inc. reserve the right to change any of it without prior notice. It is for general information purposes only.

Clients are advised to seek advice regarding their particular circumstances from their personal tax advisors.

Insurance services are available through CIBC Wood Gundy Financial Services Inc. In Quebec, insurance services are available through CIBC Wood Gundy Financial Services (Quebec) Inc.