Life Insurance products (Term, Whole Life, Universal Life) will ensure that you and your family are financially secure for your lifetime.
When you plan for the future, one of the things you count on is continued income for yourself and your family. Without this income, your family's lifestyle and standard of living may be at risk. Should you die prematurely, a new source of regular income will have to be found. Most Canadians use life insurance to address this problem. Life insurance creates an instant estate to support your family in case of your premature death. In addition to providing a tax-free benefit upon death, life insurance has may other applications. It can be a vehicle to provide:
There are various types of life insurance available to today's buyer. We are proud to offer a complete portfolio of insurance products designed to meet your current and future needs. We offer the following:
Designed to meet short-term needs. Our Five and Ten Year Term plans provide a guaranteed and level amount of insurance. Term policy premiums are low at the beginning and increase at regular intervals.
Provides guaranteed level premiums and guaranteed insurance coverage for life. The level premium is higher than initial term insurance premiums, but this higher premium contributes toward a significant tax-deferred savings component. We offer several permanent Whole Life Insurance plans which have the potential to pay dividends.
Another form of permanent insurance, Universal Insurance offers more flexible premiums and changes in unsurance coverage amounts. A separately identifiable savings component builds up under one of several investment options and varying rates of return.
Provides guaranteed level premiums and guaranteed coverage for life. There are two versions of this product. One version requires lifetime premium payment and provides no cash accumulation within the plan. The other version features a 20-year premium payment period and provides a guaranteed cash value after this time.
Whatever your insurance and financial needs, we have the plan for you!
Imagine for a moment what it would be like if you had suffered a serious heart attack last month… and survived! Could you continue to work and provide for your family? Would your life style or financial health be compromised? There is a solution that takes a way the worry of surviving a critical illness...
t's a fact that one out of every three Canadians will contract a life-altering illness during his or her lifetime. And with today's advances in medical science, the chances of survival are greater than ever.
But will your finances survive? Few of us are prepared for the financial burdens that can threaten both our lifestyle and our security. Convalescence. Private nursing costs. Reduction or permanent loss of income. A change of profession. Child care. Medical income. Medical equipment or home refitting. Mortgage and other debt payments. Even relocation of your home to a new locale or climate.
Many people who survive critical illnesses face serious financial constraints as they attempt to recover. Now there is a solution that takes away the financial strain of surviving a critical illness: Critical Illness Insurance.
It is a new type of insurance that lets you protect yourself against the high cost of rebuilding your lifestyle following critical illness. It provides a lump sum benefit just 30 days after the diagnosis of one of the following critical illnesses:
You choose the level of coverage that meets your needs. Should you contract a critical illness, the lump sum payment will help you maintain your lifestyle and your financial health.
Most of us depend on our income for our living. To earn that income, we have to be healthy. But accidents happen, and people do get sick. That’s when it’s important to have a good disability income policy.
What are your chances of becoming disabled for a period of more than 90 days before you reach the age of 65? And if your disability did last 90 days, what would the average length of your disability be? The following table shows your chances of being disabled more than 90 days, and the average duration of your disability if it does indeed exceed 90 days.
|Your Age||Chances of Being Disabled
(past 90 days)
|Average Duration of Disability
(past 90 days)
|Source: Commissioner’s IDA Morbidity and Commissioner’s SO Mortality Tables, Society of Actuaries.|