Insurance

A tax free lump sum payment made to your beneficiaries upon your death to help cover your temporary and/or permanent needs.  The three types available are:   

Term Life Insurance: 

Lowest cost and best used for temporary needs such as: 

• Mortgage & loan insurance 
• Spouse income replacement 
• Emergency fund 
• Education fund 

Product Details

• 10, 20, 30 year terms & term to age 65 
• automatically renews at the end of each term but premium increases. 
• Convertible to Permanent Insurance or Universal life to a certain age.  
• Policy has expiry date   

Participating Life Insurance: 

Best used for Permanent needs such as:  

• Final expenses 
• estate conservation 
• providing tax free inheritance to loved ones. 
• corporate asset transfers 

Product Details

• level cost, premium does not change. 
• Policy does not expire 
• policy can be put in place to be guaranteed paid up after 20 years 
• Builds Cash Surrender values 
• cash value can be borrowed against or used as collateral 
• Coverage can grow overtime depending on the dividend option selected 

Universal Life Insurance

Best used for Permanent needs such as:  

• Final expenses 
• estate conservation 
• providing tax free inheritance to loved ones. 
• corporate asset transfers   

Product Details

• level cost or increasing cost of insurance 
• Policy does not expire 
• policy can be put in place to be guaranteed paid up after 10, 15 or 20 years 
• Builds Investment values if policy funded over the cost of insurance 
• cash value can be borrowed against or used as collateral 
• Coverage can grow overtime depending on the investment options selected. 

Your ability to earn an income is your greatest asset.  Disability Insurance provides you a monthly tax free benefit while you are unable to work due to accident or illness to maintain your standard of living.    

• Mortgage and loan payments 
• Buy food & clothing 
• Pay bills & lifestyle expenses 
• Continue child's education savings plans 
• Continue retirement savings plans 
• Pay for additional costs associated with your disability   

Product Details

• Cancelable or Non Cancelable by insurance  company 
• Policies that are built to cover your occupation 
• benefit start date from time of disability 30 days to 720 days 
• benefit periods 2, 5, 10 years or to age 65 
• partial disability 
• cost of living adjuster - benefit increases with CPI as the years go on 
• Return of premium options 

Having a plan  in case the unexpected occurs is very important. If you experience a critical illness, a one-time tax free lump sum cash payment is payable to you after living for 30 days from date of diagnoses and can help you:   

• Cover medical expenses not covered by government or workplace plans 
• Afford alternative treatments 
• Pay bills & lifestyle expenses 
• Concentrate on recovery instead of worrying about finances 
• Avoid dipping into retirement savings, setting your retirement plans back 
• Allow spouse to take time off to help you through the illness 
• Bucket list items when faced with a shortened life-span   

Covered Illnesses

Basic Plan - Heart attack, Cancer Stroke   

Enhanced Plan - Heart Attack, Cancer, Stroke, acquired brain injury

• Aortic surgery
• Aplastic anaemia
• Bacterial meningitis
• Benign brain tumour
• Blindness
• Coma
• Coronary artery bypass surgery
• Deafness
• Dementia, including Alzheimer’s disease
• Heart valve replacement
• Kidney failure
• Loss of limbs
• Loss of speech
• Major organ failure on  waiting list
• Major organ transplant
• Motor neuron disease
• Multiple sclerosis
• Occupational HIV infection
• Paralysis
• Parkinson's disease and specified atypical parkinsonian disorders
• Severe burns   

Loss of independent existence - can be added to enhanced plan for an extra cost.   

• 10 year term, to age 65, to age 75 to age 100 
• Return of premium riders available 

Individual Health & Dental Insurance plans are beneficial for self employed, individuals without a group plan through employer or spouse and those retiring that are losing their benefits.  These include coverage such as:   

• Prescription drugs 
• Dental care 
• Eye exams 
• Paramedical services 
• Ambulance services 
• Medical supplies 
• In-home nursing care 
• Travel Insurance riders   

Core to Elite plans are available. 

Guaranteed acceptance or  medically underwritten. 

Full Provincial Healthcare doesn't cross the border with you.  Travel Insurance coverage helps with:   

• Single or multi-trip options 
• Emergency medical  care 
• Ambulance services 
• Hospitalization