Protect Your Loved Ones
Life insurance, which is a tax-free death benefit, is essential to all good planning – whether it be to protect your family against a sudden loss of income, insure a key company employee or plan your estate.
the tax-free death benefit can help
over your debts, including your mortgage
Provide an income for your beneficiary
Provide a nest egg for your family so as to maintain their standard of living
Donate to a favourite cause/charity
Meet the education needs of your children
Pay for funeral costs and final expenses
Term Life Insurance
Term life insurance, implying insurance for a limited term, is well-suited to meet temporary needs that include mortgage payments, credit protection, personal or business loans and survivors income for families.
Term life insurance coverage can do a good job of meeting immediate needs, at an affordable initial cost, and may provide the opportunity to later move or convert to Permanent life insurance, without providing proof of health.
You can purchase term life insurance to begin with, before purchasing permanent life insurance, depending on your need.
Permanent Life Insurance
Permanent life insurance can protect you for your lifetime and can cover needs that include estate protection, legacy building, income replacement or final expenses. Costs are typically higher at issue, but coverage and price remain level to age 100.
It can also build a tax-advantaged cash surrender value along side the death benefit.depending on your need.
Insurance Without Medical Examination
With no medical exam or blood test, this type of insurance is designed for people who, for medical or other reasons, have a hard time obtaining insurance or who are at a high health risk. Insurance without medical examination is the simplest life insurance on the market to cover final expenses and other specific needs.
There are also options available that offer financial protection to parents who want life insurance for their child who, for some reason, is not eligible for regular protection.
Contact us today and begin exploring customized planning options in these areas!