From whole life and term life to critical illness, long-term care, health and dental, and travel — personal insurance built around the life you're protecting.
Most people understand the basics of life insurance: you die, it pays out. But there are many additional features the average person does not know about. A policy can be structured as an efficient savings vehicle for a child's university, or to waive your premiums if you suffer a disability.
The vast majority of Canadians rely heavily on government benefits if they get injured at work or become permanently disabled. The Canada Pension Plan, Employment Insurance, and Workers' Compensation provide minimal disability coverage — often leaving families with little to no disposable income. Third-party disability insurance is an affordable way for individuals to ensure that their family will have a stable, meaningful income for the life of the insured.
Cancer and heart disease are the top two causes of death among Canadians. Critical illness insurance is one of the most undersold and underestimated insurance products available. Not only does the insurance pay out when you are diagnosed with a covered condition (there are 24 in total), but special provisions in the plan enable you to fly anywhere in North America to see the top-rated doctors for your condition.
LTC Insurance is the most overlooked of all insurance, and may become the insurance we all wish we had. It provides a monthly benefit to the insured if they become unable to perform various activities of daily living such as eating or being mobile. It allows clients the luxury to live at home or in a retirement home of their choosing — not what they might be forced to live with.
If you are one of the millions of Canadians not fully covered by a group or employer health plan, you and your family are vulnerable to healthcare expenses not covered by your provincial plan. When you have to pay routine expenses like trips to the dentist and prescription drugs, the out-of-pocket costs can add up very quickly. Unexpected expenses due to an accident or serious illness could be even more difficult to pay.
We work with Manulife Financial, who offers a variety of individual health and dental plans so you can select the type of benefits and level of coverage that suit you, your family, and your budget. Best of all, once you have your coverage, it will continue — regardless of your age or any future changes in your health — as long as your premiums are paid. That's right: there is no age limit.
Whether you're planning a trip, expecting visitors, visiting Canada yourself, or studying abroad — it's wise to have the protection offered by travel insurance. No one expects to have a medical emergency away from home, or to have to cancel a trip due to an emergency. But these events happen, and they can be disruptive and expensive.
A 30-minute consultation — at no cost — is often all it takes to identify meaningful gaps or opportunities in your current plan.
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