Term/Permanent Life Insurance

"It’s Good to Have It When You Don’t Need It...Than to Not Have It When You Need It the Most!" - Woodrow F. Call

“It’s good to have it when you don’t need it...than to not have it when you need it the most!”

- Woodrow F. Call

From term policies for short-term needs to permanent solutions for lifelong protection, we are here to guide you make the right choice. Contact us to start the conversation.

5 Benefits of Life Insurance

Term life insurance in Mississauga offers more than just peace of mind. It's a crucial tool for securing your family's financial future and managing your wealth effectively. Here is the key benefits Term life insurance in Mississauga provides:

Family Protection

Life insurance protects your family's financial well-being in case of unforeseen circumstances.

Debt Settlement

It helps to settle debts, including mortgage payments, ensuring your family's financial comfort.

Educational Funding

Life insurance guarantees that funds are available for your children's education, securing their future.

Estate Management

It plays a crucial role in estate planning, making the inheritance process smoother.

Long-term Investment

Life insurance acts as a reliable financial resource, providing long-term stability for your family.

Protect Your Family's Future with Troppus Insurance's Life Insurance Plans

At Troppus Insurance, we offer comprehensive life insurance solutions in Mississauga to provide you and your loved ones with peace of mind. Our Term Life Insurance plans offer affordable premiums and financial security for your family in the event of your passing. With flexible coverage options, you can choose the term length and coverage amount that suits your needs. Our Permanent Life Insurance plans provide lifelong coverage and the opportunity to build cash value over time, ensuring a lasting legacy for your loved ones. With Troppus Insurance, you can trust that your family's future is secure, no matter what life may bring.

Types of Life Insurance

Types of Life Insurance

Term Life Insurance

Term life insurance in Mississauga provides coverage for a specific period, typically ranging from 5 to 30 years. During this term, if the insured individual passes away, a death benefit is paid out to the designated beneficiaries. Here's a detailed breakdown of how term life insurance in Mississauga works:

Permanent Life Insurance

Permanent Life Insurance is a comprehensive insurance solution that offers coverage for the entirety of the insured individual's life as long as the required premium payments are made. Unlike term life insurance in Mississauga, which provides coverage for a specific term or duration, permanent life insurance is designed to provide lifelong protection. One of the key features of permanent life insurance is the inclusion of a cash value component, which allows policyholders to accumulate savings over time. This cash value can be accessed or borrowed against, providing a valuable financial resource. Additionally, permanent life insurance provides a death benefit, ensuring that beneficiaries receive a payout upon the policyholder's passing. This type of insurance is well-suited for individuals looking for long-term financial security and a way to leave a legacy for their loved ones.

  • Covers the insured for their entire lifetime: Permanent life insurance provides coverage for as long as the policyholder lives, ensuring continuous protection.

  • Not limited to a specific term: Unlike term life insurance, which expires after a certain term, permanent life insurance lasts for the policyholder's lifetime.

  • Provides a death benefit: In addition to lifelong coverage, permanent life insurance also offers a death benefit, providing financial protection for beneficiaries.

  • Often includes a cash value component: One of the distinguishing features of permanent life insurance is the cash value component, which allows policyholders to accumulate savings over time.

  • Designed to last throughout the policyholder's life: Permanent life insurance is structured to provide long-term financial security and peace of mind.

Participating Life Insurance

Participating Life Insurance, also known as "par whole life insurance," provides policyholders with permanent life insurance coverage. Unlike term life insurance in Mississauga, which covers a specific period, participating life insurance offers coverage for the entirety of the policyholder's life as long as premiums are paid. One of the key features of participating life insurance is the inclusion of a death benefit, which ensures that a sum of money is paid out to the beneficiaries upon the policyholder's death. Additionally, participating life insurance policies often allow policyholders to receive dividends based on the insurer's financial performance. These dividends can be used to reduce premiums, increase the death benefit, or be withdrawn as cash.

  • Permanent Coverage: Participating life insurance provides permanent coverage, ensuring that your loved ones are protected for your entire life.

  • Death Benefit: In the event of your passing, participating life insurance guarantees a death benefit payout to your beneficiaries.

  • Dividend Potential: Depending on the insurer's financial performance, policyholders may receive dividends, offering potential additional value to the policy.

  • Flexibility: Policyholders can use dividends to reduce premiums, increase the death benefit, or withdraw them as cash, providing flexibility in managing the policy.

Simplified Issue Life Insurance

Simplified issue life insurance is a type of life insurance policy that offers a quicker and simpler underwriting process compared to traditional life insurance policies. With simplified issue life insurance, applicants can often obtain coverage without undergoing a full medical examination, making it a faster and more accessible option for those who may have difficulty obtaining traditional life insurance due to health conditions or other factors.

  • No medical exams for policy issuance

  • Ideal for challenging health profiles

  • Quick application and approval process

  • Suitable for immediate coverage needs

  • Lower coverage limits with less hassle

Life Insurance: A Smart Move for Diverse Life Stages

Buying life insurance early can be cost-effective over time. Here's who can significantly benefit:


Partners committed to shared financial well-being.

Families With Children

Provides a safety net for your child’s future.

Single Parents

Single individuals managing parenting responsibilities.

Non-Working Parent

Stay-at-home parents, recognizing the economic value of their role.

Parents Of Adult Children

Parents with adult children to help manage inheritance.


Individuals focused on legacy and retirement planning.


Dedicated to caring for family members at home.


Protects your business and personal finances, crucial for small business owners.

Contact us for Your Life Insurance Needs

Mississauga Life Insurance Advisor

At Troppus Insurance, we understand the importance of finding the right life insurance coverage for your needs. Our team of experts is dedicated to helping you navigate the complexities of life insurance, ensuring that you and your loved ones are protected. Contact us today to discuss how we can tailor a life insurance plan that suits your unique requirements.

We provide a suite of services, including life, health and travel coverage across Oakville, Mississauga, Burlington, Milton, and the Toronto Region.