Disability
Designed to replace a portion of your income if you become disabled and are unable to earn an income. This can include several causes, including an injury, a serious illness or a mental health issue. Individual disability insurance can be your only disability insurance policy (if your employer does not offer a group policy) or can act as supplemental disability insurance (to fill the gap between your employer-sponsored plan and the amount you need to survive financially if you become disabled). Coverage can also include government plans such as workers’ compensation and benefits provided under the Canada Pension Plan.
Services
Life Insurance
Protects the financial security of your loved ones, by giving them a tax-free payment upon your death.
Term Life Insurance
Term Life Insurance provides coverage to meet a temporary need. Provides a level amount of insurance with a premium that increases at various time periods (e.g. 10 years).
Permanent Life Insurance
Permanent Life Insurance provides coverage for your entire life. It provides a tax-free payment to a named beneficiary.
Participating Life Insurance
This policy shares in some of the gains and losses of the insurer (e.g. interest earnings, operating expenses and mortality experience).
Universal Life Insurance
A type of permanent life insurance that combines protection and savings. Key feature is its flexibility
Disability
Designed to replace a portion of your income if you become disabled and are unable to earn an income.
Critical Illness
Pays out a lump sum tax free payment upon diagnosis of a critical illness – such as cancer, stroke or heart attack.
Health Insurance
Personal health insurance provides coverage for health-related expenses not covered by your provincial plan.
