Life insurance is one of the most important forms of protection that you can put in place for your family but understanding the type and amount you need can be a challenge. Our expert advisors will be with you every step of the way to help you put the right plan in place.
The right life insurance can help you:
Unlike other forms of inheritance, life insurance goes directly to your beneficiaries tax-free without having to go through a lengthy probate process.
Disability insurance helps to protect your most important asset – your ability to earn an income. In the event that you become disabled and unable to work, disability insurance can provide you an income of up to 75% of your income until age 65. In short, disability insurance is an essential tool in the preservation of wealth.
The three categories of disability insurance are:
- Own occupation – the gold standard of disability insurance – provides you an income if you cannot work at your own occupation (even if you can work doing something else).
- Regular occupation – provides you with an income if you cannot perform your regular occupation.
- Any occupation – the most affordable type of disability insurance – provides you with an income if you become disabled and unable to work at any occupation.
Critical Illness Insurance
One in three Canadians will experience a critical illness such as cancer, heart disease or stroke at some point in their lives. Fortunately, thanks to advancements in medical science, most will survive. The bad news is that having a critical illness can be very expensive. You may have to take time off work, make renovations to your home, or pay for expensive medicines that are not covered by OHIP. Without Critical Illness insurance, you may have to dig into your hard-earned savings to pay for the costs associated with an illness. But we can help you protect your wealth.
With Critical Illness Insurance, you can receive a lump sum payment after surviving a critical illness for 30 days. This allows you to stop worrying about your finances and focus on what is really important – recovery.
Long Term Care Insurance
No one likes to think about the fact that they might start to lose their independence as they get older. But it is something that happens to many of us. But the cost of care can be expensive without a tool in place to protect your wealth.
With long-term care insurance, you can make sure that you have the financial means to pay for the type of care you want should the day come when you need some extra assistance.
Long term care insurance can help you pay for the costs of a retirement home, a nursing home, or even an in-home caregiver.
Whether it’s to visit family and friends or simply to get away from it all, we all love to travel. Unfortunately, the unexpected can happen even while on vacation and out of country medical expenses can quickly eat into your hard-earned savings.
With travel insurance you can protect yourself while out of the country or you can protect loved ones who are visiting Canada. Before you travel or have loved ones visit you in Canada, talk to us about getting the right travel insurance in place.