Hybrid policies are getting more popular since 2010. These kinds of policies are combinations of Whole life & UL policy features. In this kind of product the insurance company establishes the minimum guarantees in the contract as well as room to over fund the policy. This kind of policy has guaranteed payment period, guaranteed cash value and minimum level premium. Guaranteed cash value can be used as collateral to take a loan. This policy is good for lower risk tolerant people and believe in guarantees within the contract. In Canada most Canadian insurance companies have this product available.
Star Plus Insurance Agency
Bachitter Singh Mehmi
7003 Steeles Avenue West #10, Etobicoke, ON
Available 8:00am - 4:00pm