Life Insurance
Term and permanent solutions to protect what matters most.
Term Life Insurance
Term Life Insurance is an inexpensive type of coverage, ideal for short term needs such as protection for loans, line of credit coverage, mortgage life coverage, income replacement coverage, and last expenses. All benefits paid at time of claim are tax-free to named beneficiaries under current legislation.
You can select a length of term that best suits your needs — usually 10, 20, or 30 years. When applying, our firm helps determine your health profile to ensure we recommend the ideal product and carrier for the lowest possible rate. Factors reviewed include overall health, height and weight, blood pressure, cholesterol, sugar levels, family health history, and smoking status.
Face amounts of $50,000 to $5,000,000 are available. These policies contain a valuable conversion option up until age 65 or 71, allowing you to convert all or part of your coverage to a permanent policy.
Pro Tip
If you are in the midst of a current term and facing large guaranteed renewal rates, it may be worth shopping the market. If you're still in good health, you may qualify for more favourable rates with another carrier. Contact us to explore your options.
Permanent Life Insurance
Permanent life insurance covers your long-term estate planning needs and charitable giving strategies. All benefits paid are tax-free to named beneficiaries. These policies provide a guaranteed fixed level of coverage at a fixed cost for life — guaranteed never to change.
Commonly known as Term to 100, coverage is purchased at your attained age and can be maintained to age 100. Face amounts of $10,000 to $10,000,000 are available. Tax Advantage Permanent policies are also available, allowing you to fund your policy so it is fully paid up in a shorter period — for example, over 10 years or by age 65.
Pro Tip
Buying permanent coverage at a young age — with good health — is the most cost-effective way to secure long-term protection.
Stephen Parsons
Independent Broker
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Independent broker — we work for you, not the insurance companies. Operating since September 1, 1991.
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