Insurance

You have worked so hard to get where you are.  Don't let an unexpected event derail your plans.  Having proper insurance in place can protect you and your loved ones.

    • LIFE 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. 
    • DISABILITY INSURANCE¬†

    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 
    • CRITICAL ILLNESS INSURANCE

    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 
    • HEALTH INSURANCE

    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. 

    • TRAVEL INSURANCE

    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 

 

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