Insurance Solutions for You and your loved ones
If you have young children, have a mortgage or have a high debt load – you need insurance to create a safety net. It will pay out a benefit upon your death, disability or if you are diagnosed with at life-changing illness such as cancer, to take care of you and the people who matters the most to you.
This is temporary insurance that provides low cost but high life insurance coverage that is most suitable for young families with a high debt load. This type of insurance can be purchased in 10, 20, 30 term periods. At the end of the terms, the rates will increase and eventually terminate.
This type of insurance offers the most flexibility because of the tax-sheltered investment account that gives the individual an option to save for both their short-term and long-term goals. It also offers different life insurance coverage options.
If permanent insurance coverage and Cash Value accumulation are important to you, then this is the life insurance that would most likely be the best options. It is suitable in estate planning, for clients who want to transfer their estate to the next general in the most tax efficient manner.
Solopreneurs, part-time workers and employees who do not have access to a group health insurance can benefit from personal health insurance plan.
Medical technology has made it possible for Canadian to survive a life-altering illnesses such as cancer and heart attack. But without sound financial planning, many individuals will not recover financially. Critical Illness insurance is a living benefit that covers approximately 28 illnesses. It will pay out a tax free lump sum benefit upon diagnoses and a waiting period of 30 days for most benefits.
The average person has no problem purchasing car, home, business or even pet insurance but often overlook their most valuable asset….their ability to earn an income. If you or a solopreneur or a professional who do not have access to a group or association plan, then individual disability insurance would be your best option to protect your income.