Protection for your loved ones. Help reassure them that they will be well taken care of now, and in the future.
Coverage for your business. Ensure a smooth continuation of business operations while having financial security for the company, and the owners family.
Life Insurance provides whomever you choose with a one-time, tax-free payment upon death. This could be important for those who are starting a family or business, buying a home, transferring assets, tax planning, people carrying debt, or anyone looking to diversify and grow their assets.
There are different types of Life Insurance available:
Temporary Coverage
Lower Cost
Fixed Payment Schedule
Opportunity to Convert to Permanent Insurance
Lifetime Coverage
Level Cost
Flexible Payments
Opportunity to Build Cash Value and use as Asset Class
There are multiple things to consider when choosing an amount of coverage:
Income
Net Worth
Family Needs and Goals
Debts
Existing In-Force Insurance
Factors that influence your insurance premium include:
Age
Health and Smoking Status
Gender
Occupation
Duration of Insurance Needed
Focus on recovery knowing that you have money pay for expenses if diagnosed with a serious illness.
Nobody plans to become critically ill. If something unexpected happens, you could focus on recovery while you, your family, and your business are financially prepared and protected.
Critical Illness Insurance offers a one-time, tax-free benefit if an insured person becomes seriously ill. Every insurance company covers various types of illnesses, with the most common being heart attack, stroke, and cancer.
Choose the coverage amount you want
Optional benefits and coverage requirements available to personalize your policy.
File a claim if diagnosed with a covered illness
Premiums waived after claim filed.
Receive tax-free benefit
Why do I need CI?
Claim Probability
One in three Canadians will unfortunately suffer a life-threatening serious illness in their lifetime.
Cover daily costs and expenses
Focus on recovery while being rest assured knowing your income and regular expenses will be covered.
Protect your savings
No need to dip into your retirement or other savings vehicles to pay for medical costs or expenses during recovery.
One of everyone's greatest assets is their ability to earn an income.
Suffering a loss of income creates a tough financial picture for most families and businesses. Disability Insurance works while you are unable to. This insurance offers a tax-free monthly benefit to replace your income. This could cover expenses if an illness or injury keeps you from being able to work. At any time, an illness or injury can keep you from working for weeks, months, or years.
Choose the amount you want (subject to maximums)
Add optional benefits to personalize your coverage.
File a claim if you become disabled
Premiums no longer required if claim has been made.
Receive monthly tax-free payments when the waiting period has been fulfilled
Payments stop when benefit period ends or you return to work.
Claim Probability
Per Canada Life, up to 40% of Canadians become disabled for 90 days or longer before Age 65.
Replaces most of your paycheck
Possibility to receive 80-90% of your take-home pay.
Income replacement and savings protector
This insurance could help you stay financially on-track and can prevent you from dipping into your savings to replace income to pay for expenses.
Protect yourself and your loved ones with pharmaceutical, dental, paramedical and travel coverage to ensure that unexpected health issues do not cause significant financial issues. These plans help you assume medical costs that would not be covered by your provincial healthcare system.
High coverage maximums - have coverage for whatever life throws at you
No termination age - never too old for health and dental insurance
Short application (15 minutes)
Make claims online and be reimbursed quickly
See specialists such as a physiotherapist or psychologist at a lower out-of-pocket cost without receiving a doctors note
No doctor referrals needed
Routine and major dental services
Prescription drugs
Eye exams, glasses, other optical expenses
Physiotherapy and massage therapy
Social Workers and Psychologists
Naturopaths, Dieticians
Want to Learn More About Types of Insurance?
Book a 30 minute introduction meeting below.