INSURANCE SOLUTIONS

Insurance Products

Along with helping you build and manage your investments, we can help you choose insurance products to minimize financial risk to you and your family.

 

Individual Life Insurance 

There are two kinds of life insurance coverage – term and permanent. They offer different features to meet different needs.

 

• Term Life Insurance is temporary coverage that lasts for a set period (10, 20 or 30 years) and automatically renews in most cases. With term insurance, the payments you make, called premiums, are set at an initial low cost and won’t change during that period. For more information on Canada Life™ Term Life Insurance, please click here.

• Permanent Life Insurance can protect you and your family throughout your lifetime. It provides a death benefit and usually builds a cash value. The cash value accumulates within the policy on a tax-advantaged basis. If you need to, you can withdraw cash or borrow against its value. Withdrawals may be subject to tax. For more information on Canada Life permanent life insurance, please click here.

 

Having the right life insurance protection can make a huge difference in your life, and the lives of those close to you. A financial security plan that includes life insurance can help ensure you leave your estate financially secure, and avoid debts and an inadequate income for your family.

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Disability Insurance 

Accidents and illnesses are unfortunate facts of life. Disability insurance coverage is designed to help protect your most valuable asset – your ability to earn an income. It can give you tax-free monthly income to help pay expenses if an illness or accident stops you from working.

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While a disability can often be visible to the naked eye, not all disabilities are so easily recognized. Chronic pain or a mental health issue may also qualify as a disability. 

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Critical Illness Insurance

A critical illness or condition, such as heart attack, cancer or stroke, can turn your life upside down. It can affect you physically, emotionally and financially. Critical Illness Insurance can protect both you and those close to you from the financial effects of a critical illness.

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Why do you need Critical Illness Insurance?

• It's more common than you think - A serious, life-altering illness affects one in three Canadians in their lifetime.

• Cover daily costs - Use your payout to help with your expenses while you recover.

• Protect your retirement savings - Don’t dip into your RRSP or other investments to pay for additional medical costs.

• Focus on your recovery - Concentrate on getting healthy knowing your benefit payment can help with your finances.

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Health and Dental Insurance

It helps pay for things provincial health care plans don’t cover: prescription drugs, dental, hospital, vision, paramedical and ambulance services. Coverage is similar to a group benefits plan.