Protect yourself and your loved ones from the unexpected.
Insurance: Go Ahead. You Can Rely on Us.
Life Insurance:
Life Insurance is an essential part of any financial plan and is reliable protection solution to ensure the financial safety of your family or business. Whatever your needs are, a life insurance plan can:
- Give you a peace of mind knowing your family is protected
- Ensure your largest financial obligation – your mortgage is secure
- In business: protect the value of your company and reduce your tax bill
- Offer a full portfolio of investment opportunities
- Accumulate cash value through tax-sheltered savings accounts
- Cover funeral costs
- There are two main types of life insurance:
- Term Life Insurance
- Permanent Life Insurance
Life insurance may be divided into two basic classes – temporary (term) and permanent (Whole Life and Universal Life). Please contact us for more information or complete our form to receive a free, no obligation quote.
Joint Life Insurance:
Joint life insurance is a permanent policy that covers two lives as opposed to a single life policy that protects one person. There are two types of Joint life insurance:
Joint First-to-Die Life Insurance:
Joint first-to-die life insurance policy pays a death benefit when the first person dies at which time the policy is terminated. Some companies include a survivor benefit that lets the surviving spouse apply for a new policy with no medical exam.
Joint Last-to-Die Life Insurance:
Joint last-to-die insurance policy pays a death benefit upon passing of the second spouse. This policy is often taken out for estate preservation purposes. Your beneficiaries can use the payout to cover debts, capital gains taxes or other expenses associated with an estate.
Please contact us for more information or complete our form to receive a free, no obligation quote.
Term life insurance:
Term life insurance offers temporary protection for a chosen period of time at a fixed rate of premiums. At the end of the term the rate of the previous premiums is no longer guaranteed.
If the policy holder passes away during the term, an insurance company pays out a death benefit to the beneficiary. Term life insurance is the most affordable way to purchase a substantial amount of coverage for a set period of time.
Term life insurance is best suited for:
People with mortgages or other large debts Individuals looking for affordable and flexible coverage Small business owners with significant debts as well as large start-up costs Business owners looking to protect the value of their business Our advisors are licensed to sell insurance products offered by all major Canadian providers. With your requirements and budget in mind they will research the market to find the right plan for your circumstances. Please contact us for more information or complete our form to receive a free, no obligation quote.
Guaranteed Life Insurance:
Guaranteed life insurance means that your acceptance is guaranteed. There will be no medical questions or exams required. Some of the benefits of Guaranteed life insurance:
Your acceptance is guaranteed – no medical exams or questionnaires You choose the amount of coverage that’s right for you Considerable savings for non-smokers Premiums will never increase – guaranteed Coverage will never decrease – guaranteed Our advisors are licensed to sell insurance products offered by all major Canadian providers. With your requirements and budget in mind they will research the market to find the right plan for your circumstances. Please contact us for more information or complete our form to receive a free, no obligation quote.
Universal Life Insurance:
Universal life insurance combines the benefit of lifelong insurance coverage with a range of flexible investment options that are aligned with your financial needs and risk tolerance. Taking into considerationcurrent tax laws, Universal life insurance can offer significant protection for your estate. This type of life insurance is best suited for individuals who are:
- Looking for lifetime protection
- Would like to shift their focus to wealth accumulation
- Making their RSP contributions at a maximum level.
Please contact us for more information or complete our form to receive a free, no obligation quote.
Whole Life Insurance:
In contrast to Term life Insurance, Whole life insurance provides lifetime protection.
Whole life policies establish the premium rate when the policy is purchased, and the rate is usually guaranteed not to increase for the life of the contract. There is also flexibility in how the plans are paid up. Some plans can be paid up with a single premiums over 10, 15 or 20 years, until age 65 and until age 100 are all guaranteed.
Whole life insurance plans are also able to build guaranteed cash value. The money can be withdrawn or borrowed against. In addition, if you decide to cancel your plan you will receive the accumulated cash sum, subject to provisions of your policy.
Please contact us for more information or complete our form to receive a free, no obligation quote.
Permanent Life Insurance:
Permanent life insurance offers protection for the entire life of the insured, in addition some policies also accrue cash value. There are several types of permanent life insurance plans:
Whole Life Insurance – offers consumers guaranteed cash value accumulation at a fixed premium.
Universal Life Insurance – offers cash value accumulation where you have the freedom to make your own investment choices. Please contact us for more information or complete our form to receive a free, no obligation quote.
Seniors Life Insurance:
The insurance market for Canadian seniors looking for life insurance offers more opportunities than ever before. Consider this: Many insurance companies offer coverage up to age 85.
- Benefit amount can be as low as $5,000 for those looking to cover final expenses.
- Insurance companies offer last-to-die policies at a lower rate than traditional life insurance.
- Simplified and Guaranteed issue policies are available for individuals with health issues. These policies feature no medical tests and simple health questionnaires.
- Searching for a tax-favored returns for non-registered assets.
- Approaching retirement and wish to ensure their estate is protected.
Please contact us for more information or complete our form to receive a free, no obligation quote.
Funeral Insurance:
Funeral expenses in Canada can easily exceed $10,000. At the time of estate settlement there can be unexpected medical costs, final taxes and other bills. The government provides up to $2,500 of death benefit, which may not be sufficient to cover all the final expenses. Our Funeral Insurance policies are customized to provide financial support to your loved ones when they need it most. These special policies can cover:
Funeral and burial expenses
Final taxes and bills Outstanding debts
Please contact us for more information or complete our form to receive a free, no obligation quote.
Accidental Death Insurance:
According to Canadian statistics accidents are a leading cause of death, especially for individuals 1 to 34 years of age. Consider the implications on your family should the unthinkable happen.
Accidental Death Insurance will provide a lump sum should you pass away as result of an accident. Your family can use the benefit to maintain their quality of life, cover debts and final expenses.
Understand Accidental Death & Dismemberment Insurance:
AD&D will payout a benefit in case of a fatal accident or in case an accident results in lost of senses (sight, speech) or a limb. There are exclusions to this coverage such as for instance death due to an infection or mental illness. Moreover, risky activities such as racing or acts of war are not covered.
Please contact us for more information or complete our form to receive a free, no obligation quote.
Critical Illness Insurance:
According to Canadian statistics on average, one out of every two men and one in three women are diagnosed with a stroke, heart attack and cancer. Even though the rate of critical illness increases every year, progress in medicine makes it possible for patients to recover from serious illnesses like never before. As you recover, you may not be able to earn an income, your outgoings could rise significantly, and your lifeinsurance policy may not help. Critical Illness Insurance is a reliable product that can protect you and your family should you be diagnosed with a covered illnesses or condition. The benefit can be used to:
- Replace your source of income
- Cover private care or treatment outside of Canada
- Cover unexpected medical expenses
- Pay off the balance of your mortgage
For more information on Critical Illness Insurance or to get a free quote please complete our form or contact us directly.
Supplemental Life Insurance:
Supplemental life insurance provides a financial benefit to your beneficiaries in the event of your death. This type of insurance offers additional coverage to your basic or core life insurance policies; thereby, it offers extra or additional insurance that helps you pay for things your standard insurance doesn’t cover.
No Medical Life Insurance:
No medical exam life insurance is available to Canadians aged 20 to 85 and provides coverage with no health exams or medical reports. The application involves a simple a health questionnaire. The fact that there is no medical speeds up the application process; therefore, you can be covered in a matter of days not weeks or months. Consider this type of plan if you are:
- Hard to insure due to health issues or age
- Have been previously declined coverage
- Uncomfortable with needles and medical exams
- Overweight
- Smoker
Please contact us for more information or complete our form to receive a free, no obligation qu
Disability Insurance:
People typically insure their car and home but rarely consider insuring their earning potential which can be one of our most important assets. In an instant a serious accident or illness can leave you unable to work and earn an income. Your lifestyle, your children’s education and your retirement savings can be in jeopardy. Disability insurance offers financial protection by becoming a source of income that replaces your salary should you become disabled as a result of an accident or illness. Why should you consider Disability Insurance?:
- Inadequate income to support yourself and your dependents should you become disabled.
- Worker’s compensation is restricted to pay work related accidents.
- Unemployment insurance typically lasts no more than 15 weeks.
- Canada Pension Plan and Quebec Pension plan offer limited benefits.
- Group coverage can be insufficient and limited by type of disability.
For more information on Disability Insurance or to get a free quote please complete our form or contact us directly.