Personal Insurance
"Protect your Income, Health, Family"
Proper insurance planning means proper protection, if anything happens to you, you want to be sure that your family is protected and provided for. There are hundreds of plans to choose from, but only one that’s right for you. Our goal is to help you select the right insurance product that will protect you, your income, health and family!
Permanent Life Insurance
When you have financial obligations that will be in place for your entire life, consider the long-term dependability of permanent life insurance.
Permanent insurance policy remains in force for your entire life, with premiums fixed from the day you take out your policy. This combination of guaranteed protection and guaranteed benefits makes permanent life insurance a powerful tool to give your family peace of mind that their needs will be taken care of.
With a wealth of available permanent products available, explore the 3 major types of permanent plans that we can offer you:
• Whole Life Insurance
• Term 100 Life Insurance
• Universal Life Insurance
Term Life Insurance
Most of us carry some form of debt and failing to secure that debt can leave our family exposed to financial and legal obligations that they didn't ask for.
Term life insurance works by providing you coverage for a predetermined amount of time at fixed rates for the term. Once the term expires, you may renew your life insurance or convert to a permanent plan. Because of its flexibility and low cost, term life insurance remains the most popular life insurance plan in Canada.
When you should consider Term Life Insurance:
• You have a home with a fixed mortgage that you need to secure
• You have dependent whom need financial stability in the future
• You have debts that will be paid down over time
• When you need low-cost life insurance with "no-frills"
Critical Illness Insurance
2 in 5 Canadians will be diagnosed with cancer in their lifetime, and 1in 3 will suffer from heart disease. And while our quality of healthcare has ensured that a healthy prognosis is better than ever, nothing is said about the cost of care. Unprotected, recovery from illness can take a drastic toll on our savings and retirement plans. The long, difficult road to recovery necessitates the financial support of a personal insurance plan.
Critical illness insurance can help you and your family manages the costs of illness, including time taken away from work, travel costs, and specialized or experimental treatment costs. Whether you've lost work due to an illness, or you need to ensure your medical costs can be covered: critical illness insurance provides a lump sum benefit, paid tax-free to you, so you can focus on recovering and returning to a normal life.
What illnesses may be covered?
• Cancer • Loss of a Sense or Limb • Paralysis
• Major Organ Failure • Occupational HIV Infection
• Heart Attack • Multiple Sclerosis • Alzheimer’s Disease
• Parkinson’s Disease • Stroke • Coma
Disability Insurance
Over 50% of Canadians would not be able to avoid a financial crisis if they lost their paycheck, even for short term. A debilitating injury on or off the workplace can be a career-ending crisis or a temporary loss of income, either way, it puts your quality of life in jeopardy.
Disability insurance remains the most effective means to protect the income you. A debilitating injury doesn't mean you and your family have to suffer from lost wages, a decreased quality of life, and medical and lifestyle expenses that may add-up precariously when dealing with a disability.
How Disability Insurance can help you:
• Receive a tax-free benefit each month for you and your family
• Whether you’re injured on the job or off the job, you’ll still receive benefits
• Unemployment insurance only pays up to 15 weeks, WSIB only covers on the job injuries. Disability insurance can pay up to age 65
• Essential support in helping you switch careers or in finding a new job
• Cover both costs of recovery and home bills under one plan
Guaranteed Issue Life Insurance
Your health shouldn't be a barrier to providing your family with financial protection. Thus, if you risk denial due to your health or if you have been denied before, Guaranteed Issue Life Insurance may be the perfect solution to still get you insured.
With guaranteed life insurance, you just need to meet the age requirements to qualify. There are no medical exams and no health questions asked. If the policy is right for you, you can even start coverage the day you apply. The guarantee of protection today can provide you peace of mind for tomorrow.
Why Consider Guaranteed Life Insurance?
• You’re a senior citizen looking for a small amount to cover funeral costs
• You have a serious illness that would disqualify you for life insurance
• You’ve been declined coverage and have few options available to you
Annuities
When you invest in an annuity, you set the stage to receive income in the future, subject to the terms, conditions and or limitations of the insurance contract. An annuity is a long-term contract you purchase from an insurance company. It is designed to help accumulate assets to provide income for retirement.
Annuities are among one of many financial tools that Canadians are taking advantage of to ensure their savings can be budgeted properly throughout their retirement. With the right annuity plan, you can maximize your retirement funds and protect your lifestyle at any age.
Annuities with the following benefits:
• Choice of term annuities and life annuities, to spread out your savings how you need it
• Guarantee periods, so your monthly benefit can go to your family should you pass away
• Choice of single or joint annuities for you and a spouse
• Supplement your annuity with registered RRSP funds or non-registered savings
Long Term Care Insurance
As we live longer and remain in good health, we ironically run the risk of outliving our savings. Running out of savings to support your retirement can put your wellbeing and security in jeopardy, and runs contrary to a comfortable retirement.
Our ability to care for ourselves is important to our personal well being, but as we age we may not find it easy to perform some day-to-day tasks. For many of us, simple acts such as dressing oneself or cooking a meal may become difficult in advanced age.
We can't predict when we will need long term care for our everyday needs, but we can budget for these care costs with the help of Long Term Care Insurance. By starting a plan today, you can ensure your long term care needs will allow you choose the type and quality of care that your health requires.
Advantages of Long Term Care Planning:
• The ability to choose private care over public care, offering you a higher standard of living
• Provide financial aid for at-home nursing or a personal care worker
Provide for basic needs such as cleaning, feeding, dressing, and basic lifestyle needs
• Removes the burden of care from family members whom may not have the financial resources to care for you
Final Expenses Life Insurance
Failing to plan for your funeral could leave your family members struggling to pay the cost themselves. A life insurance plan offers you and your family the assurance that funeral costs and other costs associated with the end of life can be paid for. By budgeting a little over time, you can secure these costs without relying on your savings.
A life insurance plan will provide a lump-sum, tax-free benefit which can be paid directly paid directly to your family.
Why consider Life insurance to cover funeral expenses?
• Many of these plans do not require a medical exam
• You can be issued a policy mere days after you apply, or in some cases instantly
• You can supplement existing survivor benefits from CPP with your own chosen amount
• You have more freedom to choose the type of funeral plan appropriate to your religious, cultural, or personal beliefs
When considering a Personal Insurance Plan:
Personal insurance protects you and your loved ones if something happens to you. There are several factors to weigh when choosing life insurance, here are just the few important steps to consider:
1. Understand The Basic Policies
2. Examine Your Current Financial Situation
3. Determine Your Coverage Needs
4. Understand Who (Or What) You Are Protecting
5. Consider Future Needs