No matter whatever your insurance needs may be – family protection, business continuity, estate preservation, investment solutions, we offer the most comprehensive and innovative range of products, supported by the most effective, value-added services on the market today!
Term Life Insurance
Term life insurance is designed to provide you with insurance protection for a set period of time at an affordable price.If you die within the time period, your beneficiaries will receive the amount specified in your policy, tax-free.
Depending on your age, health, the amount of insurance you need and your lifestyle, you could qualify for even lower rates. For instance, non-smokers pay less than smokers.
When choosing term insurance, it's important to select the term that will cover you through important life events. You can choose from a Term 10, Term 20 or Term 75 Plus insurance policy. With term life insurance, you're able to choose a benefit amount and a term that will best meet your needs.
Who Should Consider Term Life Insurance?
* Persons seeking coverage for a limited period (young adults, young couples or young families, for example).
* Persons wishing to meet their need for insurance despite budget constraints.
* Owners of small and medium-sized businesses (to obtain coverage in case of the loss of a key employee, for example).
For more information about Term Life Insurance contact our office.
Universal Life Insurance
Universal life insurance is the most flexible life insurance available today. You can customize your plan when you buy it, or easily make changes later on. And universal life offers you the opportunity for tax-advantaged investing. This gives you the chance to increase your wealth by investing money within your policy.
You obtain affordable permanent life-insurance protection combined with an attractive tax-sheltered savings account. You have the opportunity to make partial withdrawals to carry out your favourite projects.
When you choose a universal life insurance plan, we will help you design an investment portfolio that suits your unique risk tolerance. You can choose to invest in interest-bearing accounts, which guarantee a fixed rate of return. Or you can choose accounts that fluctuate with market performance.
Our customizable insurance protection evolves with your family's changing lifestyle, from buying your first home to planning your retirement. And, similar to an RRSP, you can maximize your tax-sheltered savings because all interest earned in your investment accounts is tax-sheltered.
Who Should Consider Universal Life Insurance?
* Individuals or families seeking financial security and wishing to accumulate additional funds (to carry out retirement plans, for example).
* Young dual-income professional couples that can pay the insurance premium more quickly.
* Persons with a higher-than-average income who are looking for a tax-sheltered savings vehicle other than a registered retirement savings plan (RRSP).
* Business people, to finance a shareholders' agreement or insure a key employee.
For more information about Universal Life Insurance contact our office.
Whole Life Insurance
Every stage in life has its joys and its difficulties. This was true for your parents and their parents before them, and it will be equally true for your children. Luckily, there is a way to stay zen and to enjoy life without worries: good financial planning, in which insurance plays a key role.
Who Should Consider Whole Life Insurance?
Whole life insurance is a good option for all stages in life. You choose the payment period, you are insured for your entire life and it also provides surrender values.
For your family
Nothing can replace the loss of a loved one. But it’s comforting to know that your loved ones will have the necessary financial support to help them carry on, no matter what. Whole life insurance protects your loved ones’ financial security for their entire lives.
For your children
Insurance coverage is also a precious gift to give to your children. By subscribing to coverage at a low price because of their youth, you guarantee them coverage that they can adapt to their needs as they get older.
For your business
Your business is your life’s investment, so you want to protect it. To guarantee its continuity, either by financing the purchase of a partner’s shares or giving your heirs the necessary time and assistance to find the right buyer, whole life insurance helps to avoid unpleasant surprises and helps keep your business prosperous.
For more information about Whole Life Insurance contact our office.
A critical illness can happen to anyone. And it does happen to many. Canadians are more likely to experience a critical illness than they are to die before the age of 75.1
For most people, the diagnosis is just the beginning.
If you become ill, your focus should be on recovery and regaining your health. Critical illness insurance pays a lump sum benefit (certain terms apply) following the diagnosis of one of the covered illnesses. It offers you choices and allows you to recover on your own terms.
Your benefit could allow you to:
* avoid withdrawing money from an RRSP or other savings or investments
* pay down debts such as your mortgage or loans
* choose medicine and treatments not covered by group, personal or government plans
* replace lost income so you have choices – for instance, your partner can take time off work to help you
* maintain your business by hiring a person to run it until you return to work
Not all critical illness policies are the same.
Before choosing any critical illness insurance policy, it is important to seek professional advice and guidance to ensure that you choose the best available policy for your situation.
Who Should Consider Critical Illness?
Anyone who wishes to be protected against financial concerns resulting from a critical illness:
* persons who would like to obtain specific medical treatments;
* parents who would have to temporarily leave their jobs to devote themselves to the recovery of their child;
* persons who would like to have home nursing care or to go on a trip to assist in their recovery;
* business owners or self-employed workers who would have to compensate for the loss of productivity or clients after an illness.
For more information about Critical Illness contact our office.
Disability income insurance provides you with a source of income to replace your salary during a period of disability resulting from an accident or illness.
Who Should Consider Disability Insurance?
Persons who have jobs that do not provide a group insurance plan:
* self-employed workers;
* small-business owners;
* employees, whether or not they are covered by the Workers' Compensation Act.
For more information about Disability Insurance contact our office.
Long Term Care
Most people buy health insurance and insurance for home, car and other property replacement. However, fewer people buy long-term care insurance, either not thinking about it or hoping that their savings will be sufficient to meet any associated expenses.
In fact, long-term care can be very expensive and can deplete a lifetime of savings within a few years. (Long-term care in nursing homes can cost an individual more than $40,000 per year.)
Who Needs Long-Term Care
Long-term care is typically needed by the elderly, but it is also required by anyone with a debilitating illness or injury who needs assistance to perform what we consider everyday functions, such as feeding oneself, bathing and getting dressed.
Like other services covered by insurance, long-term care insurance must be purchased before the insured requires the services covered under the policy. This means that many individuals will purchase the policy and never benefit from it. The likelihood of this happening is greater among younger individuals, whose chances of requiring long-term care are lower. Consequently, some financial professionals recommend that only individuals closer to ages 50 to 65 purchase long-term care insurance, as these individuals are more likely to benefit from the purchase of a policy.
If you are employed, you may want to check with your employer regarding coverage, as some employers provide long-term care insurance for their employees, and some will even extend coverage to parents of their employees. If you are already covered under an employer-sponsored policy, then you may not need to purchase a separate policy until after you retire.
Cost of Long-Term Care Insurance
The cost of long-term care insurance is usually determined by factors such as the type of policy, the age of the insured and the time period the policy covers. Naturally, policies that provide coverage for an unlimited period will cost more than policies that provide coverage for a limited period. Policies purchased at an early age are less costly than policies purchased later, because a younger person is more likely to pay premiums for a longer time. The cost of the policy may also be affected by the preferred location of the service - whether in-home, at a nursing home or at some other facility providing professional care - and whether the coverage is comprehensive or basic, as defined by the policy.
Things to Look for in a Long-Term Care Policy
When you purchase long-term care insurance, you must pay attention to what the policy covers. For instance, the definition of disability may differ among plans: it can vary from a condition that makes an individual unable to perform simple everyday functions, such as getting dressed, to certain medical problems as defined by the policy. Here are some other features you should consider before you choose your long-term care insurance:
* Inflation protection - Does the policy include an inflation protection feature? This ensures premiums do not increase, or at least limits the rate at which they do increase, even if the cost of long-term care increases.
* Deductible - Does the policy include a deductible, and if so, how does it define it? The definition of deductible may include dollar amounts and/or a period of coverage. For instance, the insured may be required to pay expenses out of his or her pocket for a certain number of days, as defined by the deductible.
* Coverage - Coverage is the amount of expenses covered by the policy. Some policies will pay up to a certain amount per day. This could affect the type of care you choose - whether in-home or at a professionally-run facility - and the care provider you choose, depending on their fees. Higher coverage usually means a higher premium. Whatever the costs involved, you need to be aware of coverage so there are no surprises when you need the benefits.
* Period of coverage - A plan may limit coverage to a certain number of years. Additional coverage may require additional premiums.
Benefits of Purchasing Long-Term Care Insurance
If the need for long-term care arises and you don't have insurance, the associated costs may have to be paid out of personal savings or financed by loved ones. If you are unable to afford the cost of hiring care providers, family members may be required to assist you, which means they may have to take unpaid leave from work. By purchasing long-term care insurance, you help to ensure that any costs associated with your care are covered, thereby lessening the financial burden on yourself and your family.
It may be beneficial to purchase your long-term care insurance at an early age, as the premiums are usually lower for younger individuals. However, remember that long-term care insurance is not for everyone and is usually purchased by younger individuals only when they have a history of family illness that are covered under these policies. Bear in mind that coverage may be denied if the potential insured is already at a stage that requires long-term care.
For example, if someone already has Alzheimer's disease, he or she may no longer be eligible for long-term care insurance. Finally, remember that paying premiums is less costly than paying long-term expenses out of your pocket. Before purchasing a policy, be sure to compare rates, features and benefits offered by different insurance companies, independent brokers and so on.
Not all Long Term Care insurance policies are the same.
Before choosing any Long Term Care insurance policy, it is important to seek professional advice and guidance to ensure that you choose the best available policy for your situation.
For more information about Income Protection contact our office.
For more information about Long Term Care contact our office.
Comprehensive Travel Insurance combines medical, cancellation, interruption, baggage and Accidental Death insurance in one packaged plan.
* Emergency Medical Insurance
* Trip Cancellation Insurance
* Trip Interruption Insurance
* Baggage Insurance
* Accidental Death and Dismemberment ( 'AD&D' )
Canadians are well aware of the risks associated with medical emergencies while traveling. Emergency medical travel insurance can be purchased alone or in a comprehensive travel insurance packaged policy. These comprehensive travel insurance plans combine emergency medical, trip cancellation, trip interruption, accidental death, and baggage in one single policy.
Comprehensive travel insurance policies provide many benefits;
* Excellent Value - in most cases it is cheaper to purchase the comprehensive travel insurance package than purchasing each plan separately. You can save up to 60% of the cost of individual plans.
* No Medical Questionnaires - Most companies do not require Seniors to answer medical questionnaires when purchasing a comprehensive travel insurance package. Normal pre-existing condition exclusions apply so please read the policy carefully before purchasing.
* Simplicity - When purchasing a comprehensive travel insurance package your credit card will only be charged once, you will only need to deal with once insurance company if you need to file a claim, and you will only have one policy number to carry while you are traveling.
Most Canadian travel insurance companies offer comprehensive travel insurance packages to Canadian travelers. Only a few offer these comprehensive travel insurance packages to visitors to Canada. Travel Insurance Quotes will assist you in getting the best comprehensive plan for your travels.
For more information about Travel Insurance contact our office.
Visitor to Canada travel medical insurance is designed to protect tourists, foreign workers, international students, and new immigrants from emergency medical cost that may occur while visiting Canada. Visitor to Canada travel medical insurance will cover medical expenses from an accident or sudden illness while you are in Canada. This travel medical insurance guide will provide you with the necessary information to ensure that you purchase the proper travel health insurance as a visitor to Canada.
With the strong economy, welcoming culture, great natural beauty and high quality of life, Canada is a popular destination for foreign visitors. Canada in not only a popular vacation destination it has the strongest economy in the G8. The strong Canadian economy means that Canada is a hot spot for business travelers, foreign workers, new immigrants, and international students.
Also, Canada has an aging population which means that the health care system is overburdened. Canada's health expenses rival the United States as the most expensive in the world.
* Simple doctor visits cost approximately $150
* Ambulance approximately $250
* Non-critical hospital stay cost around $3,500 per night
* Air ambulance around $20,000
Medical expenses can become financially crippling. To ensure personal safety, Medical Insurance is highly recommended for all foreign visitors to Canada.
The good news is that medical insurance is quite affordable. For example, good individual coverage can be purchased for a 40 year old for $3-$5 per day, and an entire family can be covered for under $15 per day.
Canadian insurance companies have developed medical insurance plans for all types of visitors to Canada. weather you are a business traveler, international student, new immigrant, foreign worker, or simply vacationing in Canada, a plan designed to suit your needs is available at an affordable rate.
Business Travelers and Tourists Visiting Canada
Whether you are traveling to Canada for business meetings or vacationing with your family, medical insurance is important to cover the high costs of medical care. Visitor to Canada Emergency medical is available to pay the expenses incurred by sudden and unexpected medical conditions. Coverage is available up to 89 years of age. No medical questions are required but pre-existing medical conditions will likely be excluded from coverage. If you have a pre-existing medical condition please review the medical policy wording closely before purchasing.
Visitors to Canada Emergency Medical Insurance can be purchased at levels of $25,000, $50,000, $100,000, and $150,000. Coverage can be purchased for individuals, couples, or families. Single trip and annual plans are available. If you plan to travel to Canada frequently within a 12 month period then an annual plan will be most suitable.
New Immigrants to Canada
New immigrants to Canada are not eligible for provincial health insurance until they gain landed immigrant or permanent residence status.
Foreign workers in Canada
The Canadian labor shortage has provided ample opportunities for foreign workers to enter Canada on a work visa. Unfortunately, these work visas are normally issued for 6 months minus one day... this is one day before the foreign workers become eligible for Provincial health insurance coverage. This means that private health insurance must be purchased to cover emergency medical costs for the time spent living in Canada on a temporary work visa.
Inpatriate Medical Insurance
Employers can provide medical insurance to foreign workers by purchasing Inpatriate Medical Insurance. Inpatriate Medical Insurance can be purchased for the six month work visa. Inpatriate insurance can be purchased for durations as short as one month for workers who have already arrived in Canada. Coverage can be purchased at levels of $100,000, $500,000, or $1,000,000. Single, Couple, or family coverage is also available. Inpatriate medical Insurance coverage differs from Visitors Emergency Medical Insurance as it provides for non-emergency medical visits.
Visitors to Canada Emergency Medical Insurance
Foreign workers who are not provided coverage by their employers will be required to purchase private medical insurance. Visitors to Canada Emergency Medical Insurance is available for personal coverage for your entire work visa term in Canada. Coverage can be purchased at levels of $25,000, $50,000, $100,000, and $150,000, with the high cost of health care in Canada it is recommended that foreign worker purchase the best coverage amount. Single, Couple, or family coverage is also available.
International Students in Canada
Canada is a world leader in education. Many international student choose Canada for their foreign education destination. Not all international students are eligible for government sponsored health insurance.... and for those who are eligible may have to wait three months before the coverage becomes effective. Also, international students not attending eligible educational institutions will not be covered by the provincial government health insurance plan. Private medical insurance will be required. International students can choose to purchase complete Health and Hospital Insurance or only Emergency Medical Insurance
Health and Hospital Insurance for International Students
Provides International Students visiting Canada with complete health coverage. In addition to emergency medical coverage, non-emergency health costs and prescription drugs are also covered up to maximum amounts. Medical coverage of to $1,000,000 is available. Coverage can also be purchased for the students spouse and family while they are residing in Canada.
Emergency Medical Insurance for International Students
Similar in coverage as the health and hospital plan but does not cover non-emergency medical and prescription drugs are limited to a 30 day supply. Coverage can also be purchased for the students spouse and family while they are residing in Canada.
Make sure that you are safe and enjoy 'peace of mind' during you stay in Canada by purchasing medical insurance.
For more information about Medical Insurance contact our office.