Life Insurance is an important part of any portfolio, we work with you to protect you and your loved ones ensuring that eventualities are covered. Most find insurance options are difficult to understand, we review your current profile, your lifestyle and work to find an option that best suits your individual situation.
Term Insurance provides coverage at a fixed rate of payments for a predetermined period of time or term such as ten years, twenty years, or to age 100. When this time frame expires in the case of ten or twenty year term coverage at the end of the specified term premiums are adjusted according to your contract. The policy will continue at the new premium guaranteed rate within the contract. We suggest that you contact us at this point in time to review your options. Term insurance is often the least expensive way to purchase a substantial death benefit.
Whole or Permanent Life Insurance
Whole or Permanent life insurance can cover the life insured over their entire lifetime. This type of policy can accumulate a cash value over the lifetime of the policy. The owner can access this value by borrowing a portion of it or surrenering the policy and receiving the full cash value.
Universal life is an insurance policy that has an investment account attached to it. It's a relatively new type of whole life insurance on the market. The premium is selected by the owner as long as minimums are met with the extra premium being directed to the investment account that can grow on a tax sheltered basis.
This type of insurance, when provided by the lender (the bank) will pay off the mortgage should the life insured / mortgage owner die. Using personally owned Term Insurance is much more flexible and efficient. We would be pleased to discuss this further with you contact us to book your appointment and we'll review all your options.
Empire Life What you Need to Know About Insurance (Helpful Videos to Guide You).
Disability insurance is designed to replace a portion of your income if you become disabled and are unable to earn an income. A disability can result from a number of causes, including an injury, a serious illness or a mental health issue. And the duration of a disability can be either short- or long-term.
Disability Insurance | Sun Life Financial
Critical illness insurance, otherwise known as critical illness cover or a dread disease policy, is an insurance product in which the insurer is contracted to typically make a lump sum cash payment if the policyholder is diagnosed with one of the specific illnesses on a predetermined list as part of an insurance policy.
James Colton B.PE (Honours), EPC