Insurance
Disablity Insurance
Critical Illness Insurance
Health Insurance
Long Term Care Insurance
Travel Insurance
Life Insurance - based on the idea of a large number of people contributing a small amount of money (a premium) into a fund or pool, to cover the needs of those people who suffer a loss. Because you never know when you might be the one in need, you are sharing the risk.
Three kinds of Insurance
- Term – this is pure protection without investment benefits; it lasts for a stated period of time (between 1 and 20years), and may expire at age 75, 85 or 100, depending on the policy. If you die while the policy is in force, the company pays the death benefit; if you die after it expires, there is no coverage, and no death benefit will be paid. Because it is simple protection, term premiums tend to be the lowest of the three kinds of insurance, but increase as you age.
- Permanent – as long as you pay the premiums, the coverage stays in effect, no matter what your age. These policies tend to offer less flexibility, but some offer financial benefits through the cash value of the policy. Premiums can be level for life (they don’t increase as you age, even if your health changes), or they can vary depending on the plan you choose. Premiums tend to be higher than term when you’re younger, but will be lower than term when you’re older and possibly uninsurable due to health.
- Combination – this coverage combines features of term and permanent insurance, giving you more flexibility around your coverage, and more choice in investment decisions for the cash value of the policy.
Disability Insurance - Your earning potential is a far more valuable asset than your automobile or your home. Disability insurance is designed to protect you from the possible loss of income. What's the possibility of this happening? It's more than you would imagine. Why should you consider it? It's the only sure way to provide guaranteed coverage and guaranteed premiums.
Critical Illness Insurance - When you're healthy, you're probably not thinking about coping with a critical illness. But that may be the best time to consider the impact an illness could have on you, your family and your finances.
When you own a Critical Illness Insurance plan, you have comfort in protection with:
- a lump sum cash benefit to spend as you choose
- freedom to make choices regarding your treatment, care and recovery
- financial independence during a difficult time
- preservation of your investments.
Health Insurance - Health & Dental insurance provides reimbursement for prescription drugs, extended health, hospital, and dental expenses not covered by your provincial medical plan. It is ideal for small business owners, self-employed individuals, independent contract employees or families not covered by a group insurance plan.
Long Term Care Insurance - Long-term care services address the health, social and personal care needs of individuals who have lost the ability to care for themselves. While a certain degree of public support is available, government programs are not comprehensive and long-term care services can be costly.
Long-term care insurance helps to pay for the care or services that other plans don’t provide, or works to bridge the gap between what is provided and the extra care or services you might prefer. Long-term care insurance helps to cover the costs of care, meaning:
- you have more choice around the kind and amount of care you receive,
- either professionals or family members can provide care,
- your savings and investments can be preserved.
Travel Insurance- Take the worry out or traveling. Travel insurance provides for out of province or out of country emergency excess to hospitals and covers medical costs to a maximum of $2,000,000. Visitors to Canada can purchase travel medical insurance to cover them while they are in Canada.
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