Family & Income Protection
In today’s ever uncertain financial world, it’s important to have peace of mind knowing that there are some things you need not worry about.
When Life Throws you a Curveball...
Should you be faced with the unthinkable – insurance can help in many ways.
Pay final expenses: One of the first things life insurance proceeds can provide for is taking care of immediate costs like medical bills and funeral expenses.
Mortgage protection: Protect the family home. Use tax free proceeds from life insurance to pay off the mortgage so the survivors can stay in the family home.
Income replacement: Losing some or all of the family income can be devastating to surviving family members. Life insurance proceeds can be used to help maintain a standard of living.
Estate planning: Life insurance can be used to settle estate taxes or help with succession planning to pass assets to future generations. Our experts cam provide guidance and help find professional advice.
Charitable giving: Life insurance can be used to provide a legacy to your dearest cause and also provide tax benefits when properly structured.
Critical Illness
Coverage in the event of a serious illness such as a heart attack, stroke, paralysis or life-threatening cancer. This allows you to protect your family’s finances and lifestyle, even if you are unable to earn an income or are faced with expensive medical bills. Critical Illness insurance can be either a term or permanent plan with 100% return of capital available.
Term Life Insurance
Provides coverage for a certain period of time—usually 10, 20 or 30 years. Term insurance pays out a death benefit only if the insured dies during the specific term insured. Term insurance is cost effective and while it does not accumulate cash value, it is a great fit for a temporary need such as mortgage or family insurance.
Whole Life Insurance
This is protection for the entire life of the insured and typically offers an accumulating cash value component. Whole life insurance can be participating, where policyholders may receive dividends, or non-participating, where policyholders do not receive dividends. Whole life insurance is typically used to provide for final expenses and estate planning and advanced tax planning solutions.
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