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Whole Life Insurance Explained (Canada)If you're a Canadian resident between 40 and 75, Guaranteed Issue Life Insurance guarantees your acceptance for coverage, regardless of your health history. Whole Life Insurance, also referred to as Permanent Life Insurance, provides lifetime coverage. This type of insurance does not expire and remains in effect as. With whole life insurance, you have permanent coverage for life�your protection does not end after a certain period. Cash value guarantees. Access the funds in.
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