Life insurance

Make life insurance a key component of your financial strategy – and help provide for those who depend on you after you're gone.

  Young parents sit with their toddler daughter as she plays on her tablet.

Protect your family's financial future and work toward your long-term goals. Edward Jones financial advisors offer a variety of life insurance choices.  

Universal life insurance

Universal life insurance is permanent life insurance that provides a lump-sum tax-free benefit to beneficiaries on the death of the life insured. Universal life insurance is best suited for individuals seeking permanent life insurance protection and the opportunity for accumulating tax-advantaged policy cash values to help beneficiaries to cover costs associated with final expenses, taxes on registered assets and capital gains.

Universal life insurance features

  • Tax-deferred growth – The cash value of permanent universal life insurance grows tax deferred.
  • Premium choice – Guaranteed level premium, limited term, or increasing premiums each year.
  • Choice of investment option – You choose the investment mix that suits your needs based on guaranteed interest options, managed money and equity-linked investments.
  • Cost – The premiums for universal life are higher than for term insurance. It's possible to lock a guaranteed level premium into the plan.
  • Flexibility on death benefit.

Whole life insurance

Whole life insurance is permanent life insurance protection that provides a lump-sum tax-free payment to beneficiaries on the death of the life insured. Whole life insurance is best suited for conservative individuals seeking permanent life insurance protection and the opportunity for accumulating tax-advantaged policy cash values. Beneficiaries are able to cover costs associated with final expenses, taxes on registered assets and capital gains with the proceeds.

Whole life insurance features

  • Tax-deferred growth – The cash value of permanent whole life insurance grows tax deferred.
  • Guaranteed premium – Guaranteed level premium for life with guaranteed cash values.
  • Choice of participating or non-participating policies.
  • Choice of five dividend options:
    • Receive in cash.
    • Leave on deposit with interest.
    • Apply to future premiums.
    • Purchase additional permanent death benefit insurance.
    • Use dividend to purchase small amounts of term insurance.

Term life insurance

Term life insurance is temporary life insurance that provides a lump-sum tax-free benefit to beneficiaries on the death of the life insured. Term life insurance is suitable for investors with short-term life insurance needs (20 years or less) or those with a long-term need but a budget that won't allow for higher premiums.

Term life insurance features

  • Low cost – This is especially attractive for investors whose budget won't allow for higher premiums in the short term.
  • Convertibility – Term life insurance may be convertible to a permanent policy without evidence of insurability.
  • Premiums – Premiums rise with renewals and may eventually become unaffordable.

How We Can Help

At Edward Jones, we can help you reach your financial goals. Contact your Edward Jones financial advisor.

Important Information:

Insurance and annuities are offered by Edward Jones Insurance Agency (except in Québec). In Québec, insurance and annuities are offered by Edward Jones Insurance Agency (Québec) Inc.