Family Protection

Protect the financial security of the people who matter most to you, should something happen to you.  Let us help you understand your options and figure out how much and what kind is right for you.

 

 
 
 
download (11).jpg

Term life insurance

    A simple, affordable coverage for a specific period of time, until it renews for another term.  If you die while the policy is in effect, a tax free Guaranteed Death Benefit will go to your beneficiaries - the individuals you name. Most term policies allow you to convert your coverage to permanent or universal life insurance regardless of any changes to your, occupation, lifestyle or health.

    Term Life insurance is an effective solution if you are seeking:

    • Affordability and value
    • Temporary protection
    • Additional insurance protection until your children are finished school
    • Short-term debts and needs coverage

    We offer various affordable term life insurance products to fit your needs, time frame and budget. Premiums are paid monthly or on an annual basis. Your family is protected inexpensively for a set amount of time - 10, 20, 30 or 65 years.

    Speak with us to determine the right life insurance for your needs.


    Permanent Life Insurance:

    An affordable lifetime protection helping your family prepare for the unexpected which allows you the added benefit of accumulating cash value over time. Permanent insurance costs are usually guaranteed when you first buy the policy.  Some permanent insurance plans enable you to pay for a limited number of years and then never again.

    Permanent Life insurance is an effective solution if you are seeking:

    • Lifetime coverage, with premiums that don't change
    • A permanent guarantee that allows for protection your family, covers fee of your funeral and helps you make plans for your estate

    We have various plans allowing you pay for a limited time and then never again.

     
    eld.jpg

     
    download (6).jpg

    Participating Life Insurance

    A type of permanent life insurance coverage where your policy is eligible to receive dividends and accumulate cash value on a tax-preferred basis.  The amount of coverage and annual cost are guaranteed for life as long as you pay the premiums on time.   Your dividends can be used in a variety of ways, such as to buy more coverage, reduce your annual premium cost, earn interest inside the plan or be taken out in cash. Other benefits:

    • Receive an annual tax free dividend for life
    • Premium decreases by 87% after 20 years and ends at year 30
    • Cash values will grow completely tax free
    • You can access your cash values for any financial need in life after year 20

    Participating Life insurance is an effective solution if you are seeking:

    • Unique ways to save for your retirement or to make plans for your estate
    •  Lifetime protection and significant savings potential

    Speak with us to determine the right life insurance for your needs.


    Universal Life Insurance:

    A flexible type of permanent life insurance that combines protection and savings. You choose a guaranteed death benefit that will be paid to your beneficiaries.  The payments you make above the cost of insurance can be invested within the policy to earn tax-deferred growth.  This is a flexible way to create an inheritance for loved ones and build tax-sheltered cash value.  

    The accumulated fund can be paid to your beneficiaries in along with the amount of tax free insurance. The growth in the accumulated fund value is tax-free as well. 

    Universal Life insurance is an effective solution if you are seeking:

    • The opportunity to invest savings in a tax-sheltered investment that would be otherwise taxable
    • A way to leave more money for your children and grandchildren
    • A tax-efficient alternative to protect the value of your business

    Let us find you the right type of coverage for your needs and give you a quote.

     
    uni.jpg
     

     
    (Sample Illustration based on an initial life insurance of $300,000 for a person aged 35. Cash and life insurance values are based on a current dividend scale of 6.5% from a Canadian Life Insurance Company. This example is strictly for illustrative purposes only, the annual dividend scale is not guaranteed and values may differ)

    (Sample Illustration based on an initial life insurance of $300,000 for a person aged 35. Cash and life insurance values are based on a current dividend scale of 6.5% from a Canadian Life Insurance Company. This example is strictly for illustrative purposes only, the annual dividend scale is not guaranteed and values may differ)