Life Insurance Products

Term Life Insurance

Term life insurance products are designed for clients who want both affordability and the safety of guaranteed coverage, and appreciate the flexibility of a term plan that can last for life.

Plan Highlights

  • Affordable cost, premium rates that are guaranteed for each renewal term, and lifetime coverage
  • For 10 Year Term, premium increases every 10 years until the coverage anniversary following the 75th birthday and remains the same to age 100
  • For 20 Year Term, premium increases every 20 years until the coverage anniversary following the 65th birthday and remains the same to age 100
  • For 25 Year Term, premiums are guaranteed level for the first 25 years, and then increase yearly from year 26 to age 85 at which time premiums remains the same to age 100
  • For 30, Year Term premiums are guaranteed level for the first 30 years, and then increase yearly from year 31 to age 85 at which time premiums remains the same to age 100
  • All plans convertible up to age 75 to other eligible products
  • All plans paid-up coverage on the anniversary closest to age 100
  • Clients can add critical illness plans or other plans as a rider and save fees

 

 

Participating Life Insurance

Permanent participating life insurance plan designed for a variety of estate planning needs with a focus on both short-term and long-term cash values.

 

Dividend scales are guaranteed never to fall below zero

Lifetime protection with guaranteed minimum coverage amounts

Ability to add Term and/or CI Protect plans as riders and save additional admin fees

 

 

Permanent Non-Participating Whole Life Insurance

Permanent non-participating whole life product is a fully guaranteed non-participating plan offering level coverage at guaranteed premiums payable to age 100, after which the policy becomes fully paid up. Both cash values and reduced paid-up values are fully guaranteed and will vary.

 

Plan Highlights

 

  • Fully guaranteed rates
  • Paid-up coverage at age 100
  • Guaranteed cash surrender values start in year 10
  • Guaranteed reduced paid-up values start in year 10
  • Clients can add critical illness or other term plans as a rider and save fees

 

 

Universal life insurance

Universal Life insurance products give Clients choice, flexibility and guarantees. They can help Clients meet their personal and business goals, as well as their estate planning needs. Universal Life insurance can help offset the tax liabilities of a growing estate. It can provide opportunities for tax-preferred savings growth, and help ensure an efficient transfer of wealth to future generations.

 

 

 

Critical Illness Insurance

A critical illness can strike anyone at any time, and the odds of surviving are better than ever with today’s medical breakthroughs. Worrying about being a financial burden on their family or business is the last thing your clients want, should the unexpected happen.

Clients can use their coverage to help with things like:

 

  • Reducing debt and other financial concerns while they cope with their illness
  • Replacing any reduced or lost income for them or their spouse
  • Bringing in extra help at home from for their family or themselves
  • Pay for medical treatments, medications or other care related costs not covered by private or government health insurance plans.

 

 

Disability Insurance

Pays a monthly benefit during the benefit period to help clients cover their monthly payments for debts such as mortgage, rent or car lease if they become disabled and are unable to work.

 

 

Guaranteed and Simplified Permanent and Term Life Insurance

 

Plan Highlights

 

  • No medical or lifestyle questions. Smoker and non-smoker rates.
  • Life Insured must be between the ages of 40 – 80 (age nearest) and be a Canadian resident for income tax purposes
  • Lifetime maximum coverage amount based on issue age
  • Various restrictions and conditions apply based on the plan chosen.