Aviso Insurance Inc.

Life Insurance

The most important thing you’ll ever buy


Our life’s work is protecting yours
Some people think of life insurance as something they’ll need to start thinking about as they approach retirement.

The truth is – if someone you love will suffer financially when you die, you need life insurance to be included as part of your overall wealth preservation strategy.

Life insurance protects us against the possibility of loss—providing peace of mind, security, and a tax-free benefit to help loved ones meet their everyday financial needs. But insurance can also do so much more.


There are two main types of life insurance: Term and Permanent. Understanding the unique benefits of each will help you decide which solution will work best for you.
Provides protection for a set duration of time. This option appeals to individuals who need protection against temporary obligations such as a mortgage or child’s education.
    • You have debts: a mortgage, loans, or credit cards
    • You have children to support or are concerned about your family being taken care of when you’re gone
    • You’re a business owner or in a partnership


Term insurance can be purchased at a low cost that’s guaranteed for 10, 20 or 30 years. When the initial term is over, it can be renewed without medical evidence at a higher cost. While the coverage typically expires between ages 75 and 85, most policies allow you to convert to a Permanent insurance product before a specified age (usually 65).


Term insurance is ideal for those with debts or personal obligations. Likewise, it can be used to protect business owners with debt, key person needs, or temporary shareholder obligations. Its low cost makes it attractive to individuals on a budget.
Covers you for an entire lifetime and comes with the security of fixed premiums. Premiums can build equity, allowing you to take a loan against it or use it as collateral. Or, if needed, some policies allow you to take the cash value.


  • You want to create or preserve an estate for your loved ones or charity
  • You want to invest your extra money in a way that’s safe and guaranteed
  • You want coverage that will last your entire lifetime


Permanent insurance is typically more expensive than Term insurance at the outset. But since premiums don’t increase, it can be a more cost-effective solution in the long run. As long as premiums are paid, Permanent insurance coverage is guaranteed for life. Policies that feature a side account where extra money can be invested in a tax-advantaged way are also available.


Permanent insurance provides lifetime coverage with guarantees. It is an ideal way to provide funds at death to cover estate costs and final expenses, and offers many other advantages for investing extra funds in a tax-sheltered environment
Check this out!
Here's an easy to understand infographic explaining the difference between term and permanent life insurance. 

More than just a death benefit

While many people think of life insurance primarily as a tool to protect their loved ones, it can be used for much, much more.


For individuals, adequate insurance can:

  • Supplement a retirement income

  • Enhance or equalize an estate

  • Act as a tax-advantaged investment solution


For business owners, it can:

  • Provide a tax-shelter for savings

  • Become a source of retirement income

  • Help alleviate debt such as a line of credit

  • Be a means to fund a buy-sell agreement between partners you’ve accumulated

How much is enough?

Determining how much life insurance coverage you’ll need is an important step towards a balanced wealth plan.


A Wealth Protection Specialist can work with you to calculate how much you need now and anticipate your needs well into the future.

Our life’s work is protecting yours

Understanding your insurance needs, and aligning them to the correct solution, is what we do.


One of our Wealth Protection Specialists can work with you to determine:

  • Costs to cover immediate, ongoing and future expenses

  • How much annual income your loved ones will need

  • Policies you may already have and savings you’ve accumulated


Working with an expert to uncover this kind of information forms the basis of a solid wealth preservation strategy.

Let's start the conversation.
If your needs are more complex, our Wealth Protection Specialists also work with an extended team of experts in the areas of philanthropy, pension and trust services and tax, legal and accounting services.

Protect your wealth and the ones you love. It begins with a conversation.

Talk with us today.

Aviso Insurance Inc. offers financial planning, life insurance and investments to members of credit unions and their communities. Your insurance contract will provide details of the coverage available under the plan you choose. Restrictions may apply.
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