Life Insurance in NS, NB & PEI
Here’s the good news: Atlantic Canadians are living longer than ever. The bad news: all good things eventually come to an end—and we rarely know when. That’s why life insurance is essential. It provides peace of mind, ensuring your loved ones are financially protected if the unexpected occurs.
Life insurance is much like auto insurance—you can choose the level of coverage that fits your needs. Rates vary depending on the type of policy, your age, health, and personal circumstances. Generally, the younger and healthier you are, the lower your premiums will be.
Types of Life Insurance Coverage
There are two main types of life insurance, each suited to different financial goals:
Term Life Insurance: Provides coverage for a specific period, making it ideal for major financial commitments such as a mortgage, raising children, or supporting a growing family. Because the coverage is for a fixed term, rates are typically lower.
Cash Value (Permanent) Insurance: Offers lifetime coverage and includes a cash value component that can be used for estate planning, wealth transfer, or accessing funds during your lifetime.
To better match your evolving needs, life insurance can also include:
Yearly Renewable Term: Longer 5–20 year terms that avoid potential annual premium increases.
Convertible Term Life: Start with term coverage and convert to permanent later—low cost, high death benefit.
Universal Insurance: Flexible coverage with options for guaranteed or variable death benefits and potential investment growth.
Peace of Mind for Your Family
As your family and financial responsibilities grow, so do your insurance needs. The right life insurance policy provides protection tailored to your circumstances and your budget. Whether you’re seeking temporary coverage, lifetime security, or flexible investment options, AA Munro Insurance can help you find a solution that ensures your loved ones are taken care of—no matter what the future holds.
