In the event of your death, improper financial planning could result in your family being faced with economic hardship, debts struggles and an inadequate income. Life insurance is strong, reliable and affordable ways to protect your family’s financial well-being…
Life insurance exists because you care about someone and you want to make provisions for them in the event of your death.
Life insurance can help to:
- Replace income in the event of the death of a wage earner
- Pay debts (such as a mortgage) on death
- Pay final expenses
- Pay tax due upon death
- Create an estate
- Conserve an estate
- Maximize an estate
- Equalize an estate
- Provide an endowment to a charity
Types of insurance
Term Insurance
The simplest & most affordable form of insurance. Initially inexpensive but price increases at each term renewal.
When selecting a term product you should consider the time frame that you will need
The coverage, and take into account when:
- Debts such as mortgages will be repaid
- Retirement savings will be fully funded
- Primary dependency period will end, especially children’s education
Whole Life
Whole Life insurance provides permanent protection. With guaranteed cash surrender values. Premium payment options available: life pay, pay to age 65, 20 pay, 15 pay, 10 pay. Both premiums and CSV are guranteed.
When selecting a whole life coverage, ideal for:
- Final expenses
- Estate planning & Retainment planning
- Long term policy growth for individuals
- Charitable giving
Universal Life
UL offers opportunity for tax-advantaged investing and tax sheltered wealth transfer to your family or charity, works as investment vehicle.
When selecting a UL coverage, ideal for
- Wealth transfer strategy
- Estate planning
- Bye-Sell Agreement
Non Medical Simplified issue Life Insurance
These plans are designed for those with serious health problems all the way to those who are in excellent health and just want a simple, fast way to buy life insurance.
WHY SHOULD YOU CONSIDER NO MEDICAL OR SIMPLIFIED ISSUE LIFE INSURANCE?
- You’re a Canadian citizen, permanent resident or have a valid work permit
- You have some health problems
- You’re hard to insure
- You have a dangerous job or participate in hazardous or extreme sports
- You don’t like needles or medical exams
- You just want your coverage fast
Reviews
Jigar Patel is our insurance person and dear friend . He always provide me the information about ANY type of insurance, and when I buy, I buy with him only. 1) he always gotten me what I need in my price range and what I am looking for. 2) Absolutely convenient! I’m a busy person and they so fit in to my schedule, all the while getting me what I want { I was looking for visitor insurance for my grandmother age 97, many insurance companies denied to provide insurance at this age, I Thought she is uninsurable- but AMAZINGLY he came through, no sweat!}. He always explains about his products ( IN DETAILS) that many insurance agent do not. He is best at what he does because his dedication towards his clients and work. BEST Insurance Person EVER!!!!
Hardik Patel
Quality Site Specialist, McKesson Canada
THE RIGHT ADVICE…ADVICE WITH ONLY YOU IN MIND.
Determining what type of insurance policy is right as per your need can be a tough decision to make. I am here to offer you expert advice and help you every step of the way, from insurance planning to money management. I will make insurance easy to understand with affordable options that best suit your needs. Speak with me today about how you can start 1st step towards protecting your financial future.