TERM LIFE INSURANCE
Term life insurance is good for many reasons:
If this sounds good to you, let’s keep in touch and get your coverage today!
- Affordable premiums
- Coverage that can be really high at very low cost
- Good choice for those who are still paying the mortgage
- Ideal for those who have dependent children at home
- For spouses that depend on two paychecks to make ends meet
If this sounds good to you, let’s keep in touch and get your coverage today!
PERMANENT INSURANCE
For Whole life insurance (WL)
For Universal Life (UL)
- the cost of premium is set/guaranteed throughout the life of the policy
- the cost of Whole life policy tends to be higher than those term life insurance as it has lifetime coverage
- has guaranteed growth
- may build up cash value
- potential tax benefits
- the ability to leave a legacy
- there are options to pay for 10-20 years or for life.
For Universal Life (UL)
- using annual renewable term to insure yourself for one year
- this is the cheapest type of insurance when you are young, but it gets expensive as you get older
- the UL has a lot of potential growth and can build up some cash values and death benefit.
- flexible - the policy holders can pay a minimum or maximum premiums depending on their capability and needs
- there is no guarantee of cash surrender value in UL policies
- there are options to pay for 10-20 years or for life
No Medical Exam Life Insurance
Guaranteed issue life insurance is a type of life insurance policy designed for individuals who may have difficulty obtaining traditional life insurance due to health issues or other factors. This type of insurance is typically easier to qualify for because it does not require a medical exam or a detailed health questionnaire. Here are some key features of guaranteed issue life insurance:
- No medical exam
- Guaranteed Acceptance
- Simplified application
- Limited Coverage Amounts
- Higher Premiums
- No Cash Value
- Final Expense Coverage
Health and Dental Insurance Benefits
Select Plans
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Guaranteed Plans
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TRAVEL INSURANCE
Injury and sickness can happen anytime, anywhere. Travel insurance can provide you and your family with financial protection while you are abroad. The Government of Canada highly recommends that both visitors to Canada and travelling Canadians purchase adequate insurance coverage for their trip (this applies to day trips to the US as well).
Government Health Insurance Plans (GHIP) provide very limited emergency medical coverage for Canadians travelling outside of their province or territory of residence, and visitors to Canada are not covered under Canada’s universal health care system. For this reason, it’s ideal to purchase travel insurance.
Insurance for Living Benefits
Helps you mitigate the risks of unfavorable situations due to sickness, injury or disability. Health Canada survey reveals 1 out of 2 Canadians are expected to have a cancer during their lifetime. Living benefits can be your financial anchor to help you and your family reduce financial stress during difficult times.
There are different types of living benefits insurance, some are stand alone plans and others come as riders in life insurance policy. Below are examples of stand alone living benefits coverage.
Helps you mitigate the risks of unfavorable situations due to sickness, injury or disability. Health Canada survey reveals 1 out of 2 Canadians are expected to have a cancer during their lifetime. Living benefits can be your financial anchor to help you and your family reduce financial stress during difficult times.
There are different types of living benefits insurance, some are stand alone plans and others come as riders in life insurance policy. Below are examples of stand alone living benefits coverage.
Accident & SicknessHospital Essentials Accident and Sickness Plans cover you in five important ways:
You select the level of accident and sickness plan that's right for you, your family and your budget. How the Hospital Essentials Accident and Sickness Plans work for you:
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DisabilityFor many people, losing just one paycheque can be difficult, but when accident or illness keeps you from working for an extended period of time, difficulty can turn into disaster.
Without short term disability insurance, families can be forced to cut back on even the basics, like food, clothing, transportation and housing. Combined Insurance Disability Policies are clearly written and easy to understand. Our disability insurance helps you replace some of the income lost due to a disabling accident or illness and we help you make the best choice for the right plan for you and your family. Here’s how our disability insurance helps protect you and your family:
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Critical Illness ProtectionMany more face major health issues like cancer, heart attack, and stroke with no coverage at all.
We believe everyone should have the opportunity to obtain critical care insurance to help fill the gaps and help cover the costs related to recovery from major conditions. Our Critical Illness Insurance pays you benefits now, when you need it most. Critical Illness Insurance pays you while you are living. Received a tax--free lumpsum payment to help offset costs such as medical expenses, travel during treatment and lost salary. This is insurance that takes away the stress and worry of covering these expenses so you can focus on getting well. Canada Protection Plan's Critical Illness insurance includes: - No medical tests or exams - You could be covered in just under a day - Coverage for cancer survivors - Receive up to $100,000 of protection - You may be eligible to apply, even with a pre-existing condition - Coverage up to age 75 - Payment start in the second month; applicable on monthly payment plans |
Disclaimer: This page has a combination of opinions and facts. It is up to the reader to do their own research or contact their nearest insurance council for a more comprehensive information.