GIC & Income Exchange Inc. GIC Canada Rates, GIC Services, Segregated Funds Offer RRSP, RRIF, GIC - Canada Rates Contact Us for GIC Services
Bookmark Us !
For the best investment advice and/or to be notified of future rate specials Click here
GIC's
Segregated Funds
Guaranteed Life Insurance
Annuities



   


We offer the cheapest Guaranteed Life Insurance in Canada

Guaranteed Life Insurance is designed for seniors, the hard-to-insure and those who do not want to take the time for a medical examination or wait for a doctor's report. There are a number of options available with this plan. It can be purchased by those 25 to 80.

Standard Features

Benefits

Benefit amounts range from $1,000 to $50,000.

Free Terminal Illness Benefit

If you are diagnosed with a terminal illness, you can receive up to 25% of your coverage amount while you are alive. Any amount paid under this benefit will be deducted from your coverage amount at the time of death.

Free Transportation Benefit

If you pass away more than 200 km away from home, up to $2,000 will be paid to transport your body back home.

Cash Value

Starting in the 5th policy year, you can cancel your coverage and receive a percentage of your premiums.

Automatic Premium Loan Provision

Once you have made a number of premium payments, and you miss a payment then the insurance company automatically borrows (with interest) against the policy coverage to pay your missed premium. Any missed payments can later be repaid to return your coverage amount to its full value.

Optional Features

Accidental Death Benefit

The accidental death benefit can equal your benefit amount, or be 3 times, or 5 times your initial coverage. This option is available to those under 65 and the benefit ends at age 70.

Child Term Rider

This option can be purchased for children from 1 month to 18 years of age. It provides $5,000 in coverage per child up to age 21, or age 25 if the child is a full-time student (or until the policyholder turns 65).

Hospital Cash Benefit

This optional benefit pays $25, $50, or $100 a day while you are in hospital up to 180 days and double the benefit amount if you are in ICU (Intensive Care Unit) for up to 30 days.




WORLD STOCK EXCHANGE

SUGGESTED READINGS

Globe Investor - Interest rate run-around

It looks like the Bank of Canada’s effort to push up interest...

Carney hedges on another rate hike

Ottawa — Bank of Canada Governor Mark Carney, who this month became the first central banker...

TS Roseman: Getting income for life even if a life insurer f

In my Sunday series on retirement income that started April 4, I’ve been looking at ways to make your money last as long as you do...

CIBC cuts 5-year mortgage rate

CIBC is cutting its posted rate for a five-year closed mortgage...

Not All Are Losers in Debt Crisis

The sovereign debt crisis in Europe has many investors very nervous, but it’s

Globe Investor - Buy GICs. Only GICs.

Accountant and author David Trahair took your questions on his unconventional no-stocks investing strategy

Globe Investor - Tricks for getting higher GIC rates

Plus: How to ladder them for maximum return. Accountant David Trahair explains in our Let's Talk Investing video series

Globe Investor - Trifling GIC rates? Try a broker.

Like mortgage brokers, deposit brokers will chase down the best deals on your behalf.

Globe Investor - In praise of a much maligned investment

In search of better returns, investors exited GICs in droves about 15 years ago. But that's a decision many should reconsider.

Globe Investor - Why GICs are better than stocks

How can you meet your financial goals when short-term...

Globe Investor - Sleeping Well with GICs

Guaranteed investment certificates (GICs) get a bad rap as being...

Toronto Star: Roseman: Your retirement can last 20 to 30 ye

Do you have the right investment mix to avoid outliving your savings?

More in danger of outliving savings

More people will outlive their retirement savings if the Canadian pension problem isn't addressed...

Retreating prices put rate hikes on back burner

The pressure on central banks to start raising interest rates is fading as the threat...

Home | Products | Rates | Media Center | Contact Us | About Us | Rewards Program | Privacy Policy | Terms of Use | FAQ's