Life insurance is there to protect your family and your loved ones in the event of your untimely and premature death. If you died today, what would your loved ones do without you? Would they be able to have the money necessary to maintain their standard of living?

By working with an advisor from Performance Financial Services Inc. we will do a Financial Needs Analysis to see exactly what you need for life insurance — why spend money on something you don’t need? But ensure you have enough to cover your long term and short term needs.

Risk protection (insurance) is an essential part of sound financial planning. Providing for your family’s financial future is as important as reaching your investment goals.

Performance Financial offers a complete line of insurance products. Their Financial Consultants will work with you to choose appropriate plans that are customized to suit your needs. As insurance needs can evolve and change over your lifetime, a wide variety of plans are necessary to provide you with options during the various stages of your life.

Life Insurance
Performance Financial offers insurance products (Universal Life, Term Life, Whole Life, Term to 100) that will ensure that you and your family are financially secure for your lifetime
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Universal Life:

Universal life insurance is an extremely versatile  policy that combines customized, guaranteed long- term insurance protection with tax-sheltered savings opportunities. It provides for considerable control and flexibility by allowing the policy owner to choose and change the amount of insurance coverage, the amount of premiums to be deposited, the premium payment period and the investment options.

Key Features:

* Choice of Death Benefit options.
* Choice of Cost of Insurance (COI) options:
* Single Life, Multiple Life, Joint First-to-Die, Joint Last-to-Die.
* Flexibility of deposit (possibility of increasing or decreasing Selected Premium or making additional deposits).
* Multiple investment fund options.
* Easy access to funds.
* Maximized tax-sheltered savings (through transfer of the amount in excess of the tax exempt line to the Transit Account).
* Anniversary Bonus Payments.

Whole Life Insurance:
Whole life plans offer basic life coverage at a guaranteed level premium payable to age 100. These plans participate in the profits of the life insurance company through yearly cash dividends which may be used in a number of ways such as buying additional insurance, reducing premiums or making deposits into savings accounts.

Term Life Insurance

Term Insurance is composed of various plans: a 5-year, 10-year, 15-year and 20-year Renewable and/or Convertible. These non-participating policies provide coverage, typically, to age 75 or 85 which, depending on the type of plan chosen, will be automatically renewed on each anniversary (5th, 10th, 15th or 20th). The coverage may be converted to any permanent insurance plan offered by the insurance company at that time.

Term to age 100 is a non-participating insurance policy which offers guaranteed coverage and premiums.