Insurance

Term insurance provides a guaranteed cost of life insurance for a specific term. Conversion Privilages Term insurance usually has a conversion privilege which gives the policy owner the right to convert the policy to a permanent plan without providing proof of insurability throughout the life of the plan. Coversion privilages are available to certain ages... Learn More

Whole life insurance is a form of permanent insurance, or term to 100 insurance, which provides a guaranteed cash benefit at the time of the insured’s death. Some policies also accumulate cash values on a tax deferred basis over the life of the policies. Programs include options for premiums to be paid for the life... Learn More

Universal life insurance is a versatile insurance plan which provides permanent death benefit protection that can be customized and modified. These plans can evolve and be modified to meet the changing lifestyle, budget, and savings objectives of a policy holder. Universal life insurance plans also have unique tax sheltered investment capabilities which allow policy holders... Learn More

Guaranteed issue life insurance is an affordable insurance option for people who have been previously turned down for insurance or who do not wish to complete medical underwriting. Typical product highlights: Offered to people between the ages of forty-five and seventy-five Acceptance is guaranteed – cannot be turned down for coverage Death benefits will be... Learn More

Critical illness insurance will pay a lump sum should the insured survive a covered critical illness. The insured must survive a diagnosis of critical illness for a period of 30 days (sometimes referred to as a survival period). Each carrier has specific conditions they insure. Please refer to each carrier’s contract for an exact wording... Learn More

Disability insurance will cover the insured in the event of a total or partial disability. Experts recommend that people insure 60 to 65% of their monthly salary when purchasing disability insurance. Key things to consider about your current group disability plan: Does your current plan cover all sources of income including commissions and bonuses? How... Learn More

Long term care insurance will cover costs for the insured in the event of the possible development of a disability in retirement. Long term care insurance can be used to cover the following expenses: Long term care facility expenses Increased medical expenses Home care attention by registered practitioner Purchasing long term care insurance provides security... Learn More

Mortgage Insurance is purchased by homeowners in order to pay an outstanding mortgage in the event of an unexpected death. Mortgage insurance is often purchased when arranging a mortgage with a financial institution. Mortgage insurance can be purchased by the registered borrower, the spouse of the borrower, or the guarantors of the mortgage. Mortgage insurance... Learn More

Benefits insurance providers are designed for families who are not covered by a group benefits plan through an employer. Benefits insurance plans can be designed to cover: Prescription drugs Dental care Vision care Extended health care Travel emergency services Learn More

Segregated funds are long term investments that offer capital guarantees.  Funds are invested by pooling money from thousands of investment managers in a variety of individual securities.  They typically offer initial investment guarantees given that the funds stay invested for a minimum threshold number of years.  These guarantees range from 75% to 100% depending on... Learn More

Travel insurance is designed to protect an individual while travelling outside of Canada or their home province. Travel insurance plans offer coverage for: Emergency medical and health expenses Vacation and trip cancellation Travel interruptions and delays Lost baggage Canadian Term Insurance proudly offers Travel Guard, GMS and Reliable Life. Learn More