Services
Life insurance – Some insurance is better than none
What is Life Insurance?
Life Insurance is a legal contract that provides a tax-free sum of money to designated beneficiaries upon the death of the insured person.
Why is Life Insurance needed?
Life insurance is to protect your loved ones to cover expenses and/or replace income at the time of death of the insured person.
- Protects financial commitments – mortgage, debts, loans;
- Maintains your family’s standard of living;
- Helps with your child’s education;
- Covers funeral & final costs.
What is the difference between Life insurance and Mortgage insurance (from your Mortgage lender)?
| Life Insurance | Mortgage Insurance | |
|---|---|---|
| Death benefit | Sum of Money is guaranteed throughout the term of the policy. | Sum of Money usually declines as the mortgage balance decreases. |
| Beneficiaries | You choose, control and change your beneficiaries. | The lender is typically the beneficiary. |
| Premiums | Guaranteed throughout the term of the policy. | Can stay the same as long as your mortgage stays with the same financial institution. |
| Underwriting | Before the policy is approved & issued. | Usually at the time of death. |
To discuss the different types of life insurance and more available options, please contact me.
Critical Illness insurance – It’s the time to begin thinking ahead
What is Critical Illness Insurance?
Critical Illness Insurance is a legal contract that provides a tax-free sum of money to the insured or to its designated beneficiaries when the insured is diagnosed with a covered critical illnesses in the policy.
Why is Critical Illness Insurance needed?
Critical Illness helps to pay for expenses which may not be covered by the provincial health insurance.
- Helps to pay for medications and treatments;
- Assists with financial commitments;
- Compensates for lost income while taking leave from work;
- Supports to focus on recovery.
Disability Insurance – Failing to plan is planning to fail
What is Disability Insurance?
Disability Insurance is an income protection. It’s legal contract that provides a tax-free monthly benefit paid to the insured in case of an injury or an illness.
Why is Disability Insurance needed?
Disability insurance replaces your income and insurance premiums/payments are calculated according to your age, smoking status, earnings, occupation and benefit period.
- Helps to pay debt, mortgage and business expenses;
- Covers expenses related to a medical condition during disability;
- Provides additional medical opinion and support service;
- Reduces stress associated with running a business.
Travel insurance – Worry free vacation
Planning a vacation is very exciting. Travel Insurance should be on your to-do list. Do not take the risk of travelling without purchasing Travel Insurance before departure. This is to protect any unexpected expenses due to medical emergencies during the trip.
Travel Insurance includes emergency medical coverage. Trip Cancellation & Interruption and Baggage coverage can be added.
Single trip plans and Annual plans are available for frequent travelers.
Visitors to Canada Insurance
Are you coming to Canada for a vacation?
Are you coming to Canada for a business?
Are you coming to Canada to visit family or friends?
Are you coming to Canada to study?
If you answered “Yes” to any of these questions, it is recommended to purchase Emergency Medical insurance for your visit in Canada. Things to consider: Amount of coverage, Deductible and Coverage for pre-existing conditions or without. Emergency Medical Insurance covers unexpected and unforeseen medical emergencies.
Are you applying for a Super Visa?
It is required to purchase medical insurance for a minimum of $100,000 coverage for 365 days.