Life Insurance
Protects the financial security of your loved ones, by giving them a tax-free payment upon your death. The type of coverage and amount of insurance you choose will depend on your circumstances and needs. Although you may have basic life insurance through your work, it may not be enough to meet your needs, plus your coverage typically ends when you leave your job. The cost of life insurance you buy as an individual depends on the following factors: gender, age, health, medical history and lifestyle. There are 2 types of Life Insurance: Term and Permanent.
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.
