INSURANCE SOLUTIONS
Insurance Products
In addition to helping you build and manage your investments, we offer insurance products to minimize financial risk for you and your family.
Individual Life Insurance
There are two types of life insurance coverage – term and permanent, each designed to meet different needs.
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Term Life Insurance: This is temporary coverage that lasts for a set period (10, 20, or 30 years) and typically renews automatically. Premiums are initially low and remain unchanged during the term. For more information on Canada Life™ Term Life Insurance, please click here.
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Permanent Life Insurance: This provides lifelong protection, a death benefit, and usually builds cash value. The cash value accumulates on a tax-advantaged basis, and you can withdraw or borrow against it if needed. 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 significant difference in your life and the lives of those close to you. A financial security plan that includes life insurance can help ensure your estate is financially secure, avoiding debts and inadequate income for your family.
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Disability Insurance
Accidents and illnesses are unfortunate realities. Disability insurance coverage is designed to protect your most valuable asset – your ability to earn an income. It provides tax-free monthly income to help cover expenses if an illness or accident prevents you from working.
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While some disabilities are visible, others, such as chronic pain or mental health issues, may not be easily recognized but still qualify as disabilities.
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Critical Illness Insurance
A critical illness, such as a heart attack, cancer, or stroke, can profoundly impact your life physically, emotionally, and financially. Critical Illness Insurance can protect you and your loved ones from the financial effects of such conditions.
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Why do you need Critical Illness Insurance?
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It's more common than you think: A serious, life-altering illness affects one in three Canadians in their lifetime.
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Cover daily costs: Use your payout to help with expenses while you recover.
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Protect your retirement savings: Avoid dipping into your RRSP or other investments to cover additional medical costs.
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Focus on your recovery: Concentrate on getting healthy, knowing your benefit payment can help with your finances.
Health and Dental Insurance
This coverage helps pay for expenses that provincial health care plans don’t cover, such as prescription drugs, dental care, hospital stays, vision care, paramedical services, and ambulance services. It is similar to a group benefits plan.
Explore the Freedom to Choose™ health and dental insurance plans tailored to your needs: