Life Insurance

Insurance Services in Brantford, Ontario

Life insurance is a contract between the policy owner and the insurer, the insurer agrees to pay a lump-sum of money at the insured's death. In return, the policy owner agrees to pay a premium. A benefit is paid to the designated Beneficiaries should the insured pass away.

  • Term
  • Whole Life
  • Universal Life

Term Insurance

Term Life Insurance is primarily for persons seeking coverage for a limited period. It is good for Young adults, young couples or young families wishing to meet their need for insurance despite budget constraints. Owners of small and medium-sized businesses can buy term insurance to obtain coverage in case of the loss of a key employee or key person.

  • Your sum insured and premiums are guaranteed for the term of your insurance.
  • Your premiums are determined on the basis of the amount chosen to be insured, the general condition of your health and lifestyle.
  • Renewable and convertible term coverage for term such as 10, 20 or 100 years.
  • You may insure multiple persons under the same contract.

Business Income Tax Services Brantford

Whole Life Insurance

Whole Life Insurance is suited to the needs of people who are seeking financial stability and security for their loved ones in the event of a premature death.

  • Persons wishing to ensure the financial security of their loved ones in the event of death.
  • Persons seeking a simple, flexible and affordable product.

Five permanent options are available:

  • L10, lifetime coverage with premium payments for 10 years;
  • L15, lifetime coverage with premium payments for 15 years;
  • L20, lifetime coverage with premium payments for 20 years;
  • L65, lifetime coverage with premium payments up to the age of 65;
  • L100, lifetime coverage with premium payments up to the age of 100.

Your sum insurance and premiums are guaranteed for the term of your insurance. You enjoy guaranteed cash surrender values. Your premiums are determined according to the sum insured chosen and the general state of your health. You may insure multiple persons under the same contract.

  • Life
  • Disability
  • Critical Illness
  • Super Visa Insurance

With universal life insurance, you can insure the financial security of you and your loved ones through one and the same contract and at the same time accumulate additional tax-sheltered amount.

  • Individuals or families seeking financial security and wishing to accumulate additional funds (for example, to carry out retirement plans).
  • Young dual-income professional couples that can pay the insurance premium more quickly.
  • Persons with a higher than average income who are looking for a taxsheltered savings vehicle other than a registered retirement savings plan (RRSP).

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The foundation of any sound financial plan is Income Replacement Insurance. Its purpose is simple: to replace an individual's income should they be unable to work as a result of either an accident or a sickness.

When income protection is not provided for our clients, they are at risk of losing everything they have. In many cases, a person's income may stop immediately when they become injured and unable to work . . . e.g.) persons who are self-employed. However, their expenses continue and, in fact, could be higher as a result of the disability. The chances of a client becoming disabled during their working years are far higher than of that same person dying.

While the need for Income Replacement Insurance is obvious, it is often overlooked at the time of a life insurance sale. Everyone thinks that they will remain in good health condition during working age. Everyone thinks that this is waste of money.

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****You can get a policy in which you can get your money back if you have no problem during specified period in policy.

History about Critical Insurance

Dr. Marius Barnard, of South Africa, developed Critical Illness Insurance in 1983. Dr. Barnard is the brother of Christian Barnard, the doctor who performed the first successful open heart transplant surgery.

Dr. Marius Barnard, also a cardiac surgeon, was acutely aware of both the financial and emotional toll that his heart surgery patients experienced. He saw a need for insurance that paid a "living benefit" to those who survived a major illness to:

  • offset lost income; and
  • Pay additional expenses.

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Who Can Apply for the Super Visa?

Parents or grandparents of Canadian citizens and Permanent Residents are eligible to apply for this visa. The applicants cannot be inadmissible to Canada on the basis of health or security, and they may be required to meet specific conditions set forth by the visa office through which they will be applying.

It is important to note that no dependents can be included on this application. Only parents or grandparents, and their spouses or common-law partners, may apply for the Super Visa.

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