INSURANCE
LIFE INSURANCE
Term Life Insurance
Term life insurance policies always pay out tax-free, and serve as income and family protection for a specific period of time, ranging anywhere from a 10-year term to a 40-year term, and even up to age 100. Depending on the product and your age, you may have options to convert and/or renew your policy along the way. The price range of the products varies quite a bit between the insurance companies. One company may have the most competitive price for a 30-year old female, non-smoker looking for $500K of coverage, while also factoring well down the list for a 50-year old male, smoker. Whether you're healthy as a horse or hard to insure, we have a product for you.
For The Mortgage
Home owners can choose to use tradional term life insurance to protect their mortgage. The rates are usually less expensive because they are tailored to your health and lifestyle, and for this and a number or other reasons, tradional term life insurance is generally viewed as a better product than "mortgage insurance" offered by the banks. You can choose from a life insurance payout that stays level or one that decreases with your mortgage amount-owing over time. There's also the option to add critical illness and/or disability insurance for complete and full protection.
Universal Life Insurance
Universal Life Insurance is a permanent insurance product with an investment savings component. This type of insurance offers more flexibility than whole life insurance, as clients are able to adjust their premiums and death benefit. Universal Life Insurance is not very liquid in the short term, but can offer some very attractive benefits in the long term, including the ability to borrow against the value of the policy in retirement.
Whole Life Insurance
Whole Life Insurance is another type of permanent insurance product with a number of great benefits. Whole life insurance offers predictable premiums, a guaranteed death benefit, and dividends that are paid to policy holders when the insurance companies are profitable. We have numerous product partners who have never missed paying out a dividend.
CRITICAL ILLNESS INSURANCE
Critical Illness Insurance can be purchased as a term or a permanent solution, and will pay out a lump sum, tax-free payment should a critical illness occur. There are options to cover the four most prevalent illnesses, or to choose an enhanced coverage that covers 25 medical conditions.
Basic Protection 4
Cancer (life threatening), Stroke, Heart Attack, Coronary Artery Bypass Surgery
Enhanced Protection 25
Aortic Surgery Loss of Independent Existence, Aplastic Anemia, Loss of Limbs, Bacterial Meningitis, Loss of Speech, Benign Brain Tumour, Major Organ Failure on Waiting List, Blindness, Major Organ Transplant, Cancer (Life-Threatening), Motor Neuron Disease, Coma, Multiple Sclerosis, Coronary Artery Bypass Surgery, Occupational HIV Infection, Deafness, Paralysis, Dementia (including Alzheimer’s Disease), Parkinson’s Disease and Specified Atypical Parkinsonian Disorders, Heart Valve Replacement or Repair, Severe Burns, Kidney Failure, Stroke, Heart attack
* Ask us about the option to get all of your premiums back if you stay healthy and don't use the product *
DISABILITY INSURANCE
Disability Insurance is an important piece of the puzzle. If you were to become disabled, and not be able to continue working as you normally do, the bills would not stop. Disability Insurance provides the necessary income replacement so that your hardship does not turn into financial hardship. There are a large variety of options when it comes to this product, and we can help you through the process to find the right fit for you and your family/business.
TRAVEL INSURANCE
Many credit cards offer short term, complimentary travel insurance for you and/or your family, if a trip is booked with that credit card. This is the first question we ask, but in the case that your card doesn't cover you, Travel Insurance coverage ensures that if you have a medical emergency while traveling, the risk of uncontrollable medical expenses is transfered off your plate and onto the insurance company. In addition to Emergency Medical Coverage, you can choose to insure against trip cancellation, trip interruption or delay, lost or stolen baggage, baggage delay, and 24-hour emergency assistance.