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Insurance

Life, critical illness, disability, and health and dental coverage for individuals, families and business owners.

Life insurance

Life insurance makes sure the people you love are looked after if something happens to you. For business owners, it can keep the company running and protect your family at the same time.

It pays a one-time, tax-free amount to whoever you choose when you die. It's worth a look if you're starting a family or a business, buying a home, carrying debt, passing on assets, planning for taxes, or looking to grow and diversify what you own.

Term life

  • Temporary coverage
  • Lower cost
  • Fixed payment schedule
  • Opportunity to convert to permanent insurance

Permanent life

  • Lifetime coverage
  • Level cost
  • Flexible payments
  • Can build cash value usable as an asset class

Choosing a coverage amount

  • Income
  • Net worth
  • Family needs and goals
  • Debts
  • Existing in-force insurance

What shapes the premium

  • Age
  • Health and smoking status
  • Gender
  • Occupation
  • Duration of insurance needed

Critical illness insurance

Nobody plans on getting seriously ill. Critical illness insurance pays you a one-time, tax-free amount if you're diagnosed with a covered illness, so you can focus on getting better instead of worrying about money. Each insurer covers a different list of illnesses, but the most common claims are for heart attack, stroke and cancer.

  1. Choose your coverage

    Pick an amount, and add optional benefits if you want them.

  2. File a claim if diagnosed

    Once you file a claim for a covered illness, you stop paying premiums.

  3. Receive the benefit

    You get a tax-free lump sum, and you can spend it however you need to.

1 in 3

Canadians will face a life-threatening illness in their lifetime.

Cover daily costs

Keep paying your bills and day-to-day expenses while you recover.

Protect your savings

You won't need to dip into your retirement savings to pay for treatment.

Disability insurance

Your ability to earn an income is one of the most valuable things you have.

Losing your income is hard on any family or business. Disability insurance pays you a tax-free monthly benefit when an illness or injury keeps you from working, whether that's for a few weeks or several years.

  1. Choose your amount

    Pick your coverage, up to the insurer's maximum, and add optional benefits if you want them.

  2. File a claim if disabled

    You stop paying premiums once your claim is in.

  3. Receive monthly payments

    Tax-free payments start after the waiting period and continue until you go back to work or the benefit period ends.

40%

Per Canada Life, up to 40% of Canadians become disabled for 90 days or longer before age 65.

Replaces your paycheque

You could receive 80–90% of your take-home pay.

Protects your savings

Cover your expenses without draining your savings.

Health & dental insurance

These plans cover prescriptions, dental, paramedical and travel costs that your provincial health plan doesn't, so a health problem doesn't turn into a money problem.

Why people get it

  • High coverage maximums
  • No age limit, so you can keep it for life
  • The application takes about 15 minutes
  • Claim online and get paid back quickly
  • See a physiotherapist or psychologist without a doctor's referral, and pay less out of pocket

What they cover

  • Routine and major dental services
  • Prescription drugs
  • Eye exams, glasses, and other optical expenses
  • Physiotherapy and massage therapy
  • Social workers and psychologists
  • Naturopaths and dieticians

Questions about your coverage?

Book a free 30-minute intro meeting. No obligation.

Book a meeting chasek@cpfg.com