Permanent Life Insurance or Cash Value Life Insurance (CVLI) for personal coverage and corporate business.
Universal Life Plan is the product for you if you are looking for insurance protection with an investment and savings component. While you are alive, the savings components allow for a tax-deferred investment growth that can be used in many ways. Also known as the “Living Benefits”. Upon death, your beneficiary will receive a tax-free death benefit.
Benefits of Universal Life Plan
Build assets for children as a legacy
Protect your Mortgage
As a retirement supplement
Protection in case of diability & illness
Compassionate Benefit Program
Term riders to maximize coverage
Waiver of premium if payor dies or besomes disabled
AD&D Rider
Children's rider
Critical Illness rider for 25 Conditions
UL Insurance Features
Affordable monthly premium that provides protection that can be customized with a wide range of features and options including:
Riders
Death benefit options
Flexible Coverage
Investment Options
Bonuses
Whole Life Participating & Non-participating Plan
Participating Whole Life has guarantees and dividend options. A tax-free death benefit, tax-deferred cash value growth and tax advantage distributions that can help yours and your family’s needs today and in the future. Whole Life is ideal for those who seek lifelong coverage, a predictable, cash value growth, and use it as financial planning tool.
Benefits of Whole Life Plan
- Guaranteed death benefit and cash value
- Various dividend options to choose
- Charity benefit provision (specific to particular provider only)
- Juvenile guaranteed insurability benefit
- Children’s insurance benefit
- Additional deposit option (ADO)
- Disability premium waiver
- Accidental death benefit
- Guaranteed insurability option
- Term riders
- Retirement supplement
Standalone Term Coverage for personal and corporate business coverage
Term 10, 20, 30 years renewable and convertible. It can be converted partially or in full without the need for medical underwriting. Ideal for those who are looking for cheaper alternative to cover a short-term plan like mortgage protection.
Standalone Critical Illness for 4 conditions and 25 conditions.
Renewable and convertible Term 10, 20, Term to age 65, Term 80 and Term to age 100.
Return of premium upon death
Early detection benefit of 15% of the total coverage up to a maximum of $50,000.
Policy holder and their family members can get free access to health experts which provide personalized advice and recommendation.
Other Services
Guaranteed Issue Life Insurance Coverage
is a plan designed for those who have pre-existing condition(s) of up to a maximum of $50,000 coverage. It is a non-participating permanent insurance plan offering guaranteed cash value starting in the 5th policy year.
Guaranteed Issue Critical Illness Coverage
Aged 18-64 up to age 70. It covers 25 conditions.
-Tier 1 (guaranteed issue): available in of $5,000 up to $25,000 or an option of $50,000 or $75,000 benefit amount.
-Tier 2 (simplified qualification): additional $25,000 or $50,000 coverage available for a combined maximum of up to $125,000. It is only available if Tier 1 maximum benefit is selected on in-force, and qualifying questions are satisfied.
Loss of Income Coverage
provides monthly income of up to $6,000 monthly if unable to work due to injury, disease or illness. The maximum monthly benefit amount can be calculated based on gross business revenue or earned income. This is ideal for those who are self-employed, small businesses or those who want to top up their existing benefit.
Business Overhead Expense, Permanent Total Disability or Fracture Accident Benefit
Our comprehensive coverage options protect your financial well-being. Offerings include:
• Business Overhead Expense Insurance: Covers fixed business expenses if you become disabled, ensuring smooth operation.
• Permanent Total Disability Benefit: Provides a lump sum for permanent total disability, aiding adjustment and covering costs.
• Fracture Accident Benefit: Offers a cash payment for bone fractures due to accidents, helping with out-of-pocket medical expenses.
Travel insurance
for inbound tourists, temporary workers and students. It covers medical emergency and hospitalization, AD&D. For outbound travelers you have an option to include flight interruption, cancellation and baggage loss coverage.
Funeral Expense or Burial Expense Coverage
is ideal for those who want to reduce stress for survivors at a time of grief. It is also an alternative for people who have pre-existing conditions and cannot afford guaranteed issue life insurance coverage to be used for last expense.
Savings and Retirement Plan
Retirement planning is vital for ensuring a comfortable and a secure future. It involves lifestyle planning, setting goals, projected expenses, savings and investment strategies. Invest in a diversified portfolio that suits your financial needs and risk tolerance.
-RRSP
-TFSA
-FHSA
-Non-registered Investment funds
Registered Education Savings Plan
is a savings product opened by anybody (parent, grandparent, guardian, friend, etc.) who wants to save for a child's post-secondary education. Contributions to an RESP attract government grants of at least 20%, with certain provinces offering even more.
Customized Life Insurance Solutions
Tailored life insurance solutions designed to meet the specific needs and lifestyles of high-income earners, ensuring comprehensive coverage aligned with their financial and family goals.
