Whole Life Insurance
When it comes to the future, there are no guarantees – except when it comes to a participating Whole Life insurance policy. Premiums never go up, and your family can depend on a guaranteed payment after your passing. Plus, this type of protection can grow with your needs.
Why choose Serenia Life for Whole Life Insurance?
At Serenia Life Financial, our life insurance comes with a whole lot of guarantees. In addition to guaranteed payment for your loved ones, here’s what you can expect from a Serenia Life Financial Whole Life policy:
The best of both worlds
Combine lifetime protection with the potential to grow your savings through cash values that are accumulated in your policy
Lifetime guarantees
Enjoy guaranteed premiums, a guaranteed cash value¹, and a guaranteed death benefit
Policyowner dividends
Leave them with us to earn interest², buy additional life insurance, or opt to receive them in cash … the choice is yours!
Savings opportunities
Enjoy tax-preferred growth within your policy
Customized optional benefits
Choose from a selection of benefits³ that have been optimized to meet the needs of Canadians like you
Unique member benefits
Support your family, your community, or a cause that you care about with our collection of unique member benefits⁴
The right coverage for your needs
In addition to paying a lump sum in the event of your passing, Whole Life also provides cash values that can be accessed⁵ as they accumulate in the policy – to help fund important life milestones, such as a child’s post-secondary education, emergencies, or to enhance your retirement.
Choose from Joint Life, Whole Life, or 20-Pay Whole life below. At the time of purchase, consider customizing your policy with one or more of our additional optional benefits. And be sure to review the Bereavement Counselling Benefit that is included with your plan.
Joint Life Insurance
Joint life insurance for couples and business partners is more affordable, more convenient, and more streamlined than purchasing two single policies! Because coverage remains in effect until the last partner passes, it’s a good option for estate and legacy planning, as well as covering some or all of the tax when leaving a second property to the next generation.
Whole Life Insurance
A guaranteed death benefit, guaranteed cash values, and guaranteed premiums that are payable until your 100th year. And yet, your coverage remains intact well beyond age 100. With this product comes the opportunity to earn policyowner dividends – and the potential to grow savings that can be accessed in the future.
20-Pay Whole Life
A guaranteed death benefit, guaranteed cash values, and guaranteed premiums that are payable for 20 years – when it comes to making payments, there’s an end in sight. And yet, your coverage remains intact well beyond those 20 years. With this product comes the opportunity to earn policyowner dividends – and the potential to grow savings that can be accessed in future.
Additional optional benefits
When you purchase a whole life, 20-pay whole life, or joint life insurance policy at Serenia Life Financial, you have the option to customize your plan with a number of optional benefits.
*Optional benefits can be purchased separately with your policy.
Other products
Looking for long-term insurance coverage that is cost effective? Consider Term to 100
Need a short-term insurance option that is easy to convert when the time is right? Consider Term Life
Not sure which is right for you? Reach out to an advisor at Serenia Life Financial! Contact an Advisor
Insure yourself today. Enrich your tomorrow.
Whether you want to take care of your future, your family, or your community, the first step is understanding how much life insurance you need.
*Terms & Conditions: All life insurance policies purchased will receive 25% off their first-year premium, up to $500. Clients paying monthly will have premiums waived for the first 3 months or up to $500, whichever comes first. Clients paying quarterly will have their first premium payment waived or reduced by $500, whichever comes first. Clients paying annually will have their first payment reduced by 25% or $500, whichever comes first. Once a written case is issued and qualifies for a first-year premium reduction, it will not be eligible to qualify again. ADO premium is not covered by the campaign. Clients will be billed for this portion right from date of issue. If a Temporary Insurance Agreement is chosen, it will not be impacted by this campaign and will remain intact.
¹The Cash Value may be accessed by a withdrawal, policy loan, or surrender. Taxation may apply and a tax slip will be issued as appropriate.
²Dividends are not guaranteed and are paid based on the overall experience of Serenia Life Financial, considering all the risk factors. Dividends may be subject to taxation. Dividends will vary based on the actual investment returns in the participating account as well as mortality, expenses, taxes, lapses, withdrawals, and other experience of the participating block of policies. They have the potential to increase the value of your policy above the guaranteed amount, depending on the dividend option selected. View our historical dividend scale interest rates..
³Optional benefits can be purchased separately with your policy.
⁴Serenia Life Financial’s member benefits and programs are not contractual.
⁵The Cash Surrender Value (CSV) within Serenia Life Financial’s participating whole life product has both a guaranteed and non-guaranteed component. Accessing the CSV can be done in a variety of forms, including taking a loan against the cash value within the policy. To maintain the in-force status of the policy, the loan must be repaid according to the terms of the policy, and the death benefit will be reduced if the loan is not fully repaid.
Confused by these terms? Reach out to your advisor or contact Member Services