We can help you choose insurance to reduce financial risk to you and your family. We provide you with unbiased insurance planning advice to help you make life’s important financial decisions. We’ll strive for your satisfaction throughout the life of your insurance policy.
Life insurance provides whomever you choose with a one-time, tax-free payment when you die, as long as you continue to pay your premiums.
There are different types of life insurance, and different ways to make it work for you. It’s not only to protect your family. It can also be part of your financial plan, so you may be able to access money in your policy while you’re alive.
Term Life Insurance
Term life is temporary life insurance that lasts for a specific period of time (or term). The most common term lengths are 10 and 20 years, but policies can be issued for term lengths from one year to 40 years, or to a specific age, such as 65 or 100.
Permanent Life Insurance
It’s guaranteed lifelong coverage that protects the people you care about. But it’s more than just insurance. Over time your policy can build value you can access for cash during your life, with certain tax implications.
You can access money in your policy through a loan or a withdrawal. And when you die, the people you’ve chosen receive a tax-free payment, similar to term life insurance.
Your ability to earn an income is likely your most valuable asset. A disability insurance policy may help ensure you can meet your daily financial needs if you’re unable to work.
Did you know:
We can provide disability coverage that’s designed to help address your needs and protect your ability to earn an income.
1 CIA 86-92 Aggregate Table & 1985 Commissioner’s Disability Table A (Experience Table)
Critical Illness Insurance
No one plans to get sick, but when something unexpected happens, you can help yourself and your family by being financially prepared.
Critical illness insurance is designed to help financially support patients before, during and after treatment by providing a lump-sum benefit when a critical illness, as defined by the policy, is diagnosed, and you satisfy the waiting period.
Consider some of the potential uses for the funds from a critical illness insurance policy:
What is the difference?
Everyone is different – some travel infrequently, for long durations, or frequently throughout the year. Depending on your travel tendencies can help determine what plans best suit your needs – it may even help you save money!
Single trip plans are purchased on a trip by trip basis. You need to purchase a new policy for each trip that you go on. This needs to be purchased every time you leave your province. This type of policy is good for ones that travel infrequently or for a long duration at a time.
These plans are best for travelers that frequently are on shorter duration trips throughout the year. These plans allow you to purchase your travel medical insurance policy on an annual basis, giving you coverage for an unlimited number of trips over a full year. These plans can be designed with flexibility to allow a certain number of days per trip.
Other options you say?
There are other options you can add or purchase as standalone. The other most common parts to a travel insurance plan are:
PERSONAL HEALTH BENEFITS
As Canadians, we’re fortunate to have one of the best healthcare systems in the world, but government healthcare coverage may not provide all you need.
You may be left to pay for expenses such as:
Enhanced healthcare plans can help protect you against these and other unexpected health and dental expenses.
The information on this website is intended for residents of Ontario only.
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Insurance products, including segregated fund policies are offered through Monahan Financial Planning Group Ltd., and Sean Monahan, Andrew Horodziejczyk, Brandon Bazinet and Deanne Wells-Hunt offer mutual funds through Quadrus Investment Services Ltd. Legal, Copyright and Trademark information.
Freedom 55 Financial and design are trademarks of Canada Life Insurance Company.
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Quadrus, Quadrus and design, Quadrus Investment Services Ltd. and design, Quadrus Group of Funds are trademarks of Quadrus Investment Services Ltd. used with permission..