Term Life Insurance Who is this for? If you believe life insurance is essential but you’re looking for a solution that’s more affordable than permanent, lifelong insurance, you may be interested in term life insurance. This kind of life insurance protects you for a set period of time at the lowest initial cost. That means term life insurance may be a prudent choice for young adults, people with young families or those looking to protect their small business. But it’s a worthwhile option for just about anyone interested in acquiring life insurance at a relatively low cost. How will this help me? Term life insurance provides low-cost life insurance protection for you and your family. Because it’s more affordable than permanent life insurance, term life insurance allows you to purchase more coverage. Additionally, premium payments are locked in, meaning they won’t change during your selected term (either 10 or 20 years). In addition, if you have term life insurance and pass away, your chosen beneficiaries…
Participating Life Insurance If you’re looking for lifelong insurance protection and the chance to build tax-advantaged cash value, participating life insurance may be right for you. Who is this for? If your goals are to acquire protection for the rest of your life and the ability to build cash value to support your financial goals, participating life insurance may be the solution you’re looking for. As opposed to term life insurance – which only protects you for a set period of time – participating life insurance lasts your entire lifetime (so long as you continue to pay your premiums). If you already have term life insurance, you can convert to participating life insurance without undergoing further medical examination. Your financial security advisor can tell you more about how this process works. How will this help me? Participating life insurance will provide coverage for life. It’s simple: Keep paying the required premiums and you’ll always be insured. Money made available through participating life…
Universal Life Insurance It’s permanent life insurance that comes with the flexibility to meet your unique needs. Who is this for? If you want the ability to make changes to your life insurance, universal life insurance may be right for you. Those who feel that neither term life insurance nor participating life insurance are flexible enough to meet their needs may find what they need in universal life insurance. Unlike term life insurance, universal life insurance is permanent life insurance, meaning it won’t end (so long as you keep paying your premiums). And unlike participating life insurance, it can be more flexible – for example, you can make changes to your premium payments (within legislative limits), allowing you to match your changing needs and financial situation. How will this help me? Universal life insurance provides you with life insurance protection and the opportunity to build tax-advantaged cash value to support your unique financial goals. It’s life insurance that gives you the opportunity…
Critical Illness Insurance We can help you prepare for the financial impact of a life-altering illness. Who is this for? Thanks to advancements in medicine, people today are often expected to survive a life-altering critical illness. But how would you and your family handle the financial impact of such an illness? By incorporating critical illness insurance into your financial security plan, you may be able to maintain your family’s lifestyle while you recover from a covered condition, including life-threatening cancer, heart attack and stroke. Having a plan in place means that, if you’re faced with a severe illness, you can focus on your recovery. How will this help me? It’s simple: Critical illness insurance can provide you with a lump sum tax-free payment in the event that you develop a covered critical illness. This may be particularly important if you’re one of your household’s primary income earners and have dependents, such as children or elderly parents. If you have critical illness insurance and…
Disability Insurance It’s insurance that can help you maintain your lifestyle if you’re unable to work due to an illness or injury. Who is this for? Disability insurance is designed to help protect you and your family if you’re unable to work due to illness or injury and can no longer earn a regular income. It’s insurance you may need more than you think – in fact, research shows that an average of 1 in 3 people will be disabled for 90 days or more at least once before reaching age 65.* Want to understand more about your risk of experiencing a disability? Take a moment now to use our handy risk calculator. At some point in your life, it’s possible you will be unable to work for a few weeks, months or even years. That could have an enormous impact on your financial situation and the lifestyles of those closest to you, including your spouse and children. How will this help me? If you’re unable to work due to a disability, after the waiting period is over you’ll receive a monthly payment. You…
