Insurance
Why Consider Insurance?
Planning ahead with insurance is a reliable way to meet your financial goals with safety, certainty, and ease, backed by the knowledge that you will:
Protect your loved ones
Help safeguard the people closest to you by replacing lost income to help support your family.
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Plan ahead for their stability
You can offer a more certain future for your loved ones by helping cover education costs and providing future income.
Meet your needs affordably
Choose from a wide range of insurance options that are designed to fit your lifestyle affordably, at every stage of your financial journey.
Permanent Life Insurance
Permanent life insurance is a life insurance policy that gives you lifelong coverage, which never expires. There are three types of permanent life insurance policies: whole life insurance, universal life insurance and participating life insurance. All of these permanent policies come with a death benefit – this refers to the tax-free payment your beneficiaries will get after you die.
Term Life Insurance
It’s temporary coverage that provides the people or charities you name as beneficiary with a tax-free payout if you die within the term you choose. The money can be used to pay bills, the mortgage, kids’ education or to keep your business running.
The payments you make, called premiums, are set for the term you choose and won’t change during that period.
Critical Illness Insurance
Critical illness can give you a tax-free payment if you’re diagnosed with a serious condition. Your contract will define which conditions you’re covered for, but some examples include cancer, heart attack or stroke.
Disability Insurance
It can give you a tax-free monthly payment to help replace your income and cover your expenses if an illness or injury keeps you from working. While a disability can often be visible to the naked eye, not all disabilities are so easily recognized. Chronic pain or a mental health issue can also qualify as a disability.
Long-term Care
It's easy to take our ability to perform day-to-day activities for granted. But this can change, especially as we age. This is why it’s so important to consider your future healthcare needs as you build and review your retirement savings and income plans.
Travel and Visitors
Whether you’re headed outside your home province or to the other side of the world, traveling can be stressful. Travel insurance can help protect you from the difficulties that come from unexpected medical expenses.
Health and Dental
In Canada, some of your health-care needs are already covered by your provincial or territorial plan. But it’s likely that government health care won’t cover all the medical, dental, or other health-care costs you might face throughout your life. Health insurance can help you cover these costs.