How much is enough? What type of coverage suits your needs? What is your budget? Through a complete planning process, our team of product specialists will help you to identify the most suitable tax-saving strategies, understand your estate planning options and customize your insurance programs to meet your family's needs today and in the future.

Having the right life insurance protection can make a big difference in your life and the lives of those close to you. A proper financial security plan that includes life insurance can mean the difference between leaving your estate financially secure and leaving behind debts and an inadequate income.

There are two types of life insurance: permanent and term. They are two different types of protection that satisfy many different life insurance needs. Term may be all the life insurance you’ll ever need, or it may be used as an interim step before purchasing permanent insurance. Possibly, a combination of term and permanent in the same policy may be the best solution for you. Allow one of our financial security advisors show you the strengths of each and their differences. Contact us for more information.

Term Life Insurance
Term life insurance is well-suited to meeting large, short-term protection needs for the lowest initial cost. For example, a couple with young children and/or a mortgage might select term life insurance as an affordable way to obtain the full coverage they need today. Term life insurance policies do a good job of meeting immediate needs and are renewable after five, 10 or 20 years without providing proof of health. The price will increase so that it’s appropriate for your age at renewal, and the increase in premium can become substantial in later years. Coverage ceases for the majority of term contracts once you reach the age of 75 or 80. Term life insurance provides the option to later move, or convert to a permanent life insurance policy without providing proof of health. However, this ability to convert to permanent life insurance often expires around age 65 or 70. When purchasing term life insurance, you need to understand your conversion options. For specific information about what life insurance can do for you and how you can benefit from owning a policy, speak to one of our financial security advisors. They can show you ways to tailor your life insurance policy. Contact us for more information

Permanent Life Insurance
Permanent Life Insurance – as the name implies – protects you for your lifetime. It can build cash surrender values and provide a death benefit. Some permanent policies pay policy owner dividends participating or if the permanent policy you are considering has a cash surrender value, you should review the product guide provided by the insurance company to better understand how the assets backing the policy are managed and how these assets are used to accumulate value within the policy.

Participating Life Insurance
Permanent participating insurance policies have potential for earning policy owner dividends. Favourable investment returns, mortality and expense experience generate earnings in the par account - a portion of which can then be paid to policy owners in the form of dividends. You choose how you want your dividends to be used. The most popular dividend options are either to use dividends to buy additional permanent coverage each year or to buy a combination of term and permanent insurance, which can make a larger amount of coverage more affordable. The first option provides an increasing death benefit that can offset the effect of inflation over the longer term. Higher premium options generally provide higher long-term growth (i.e. paying a high premium may mean you will receive higher values over the longer term). The insurance company manages the investment portion of a participating policy, so it doesn’t require hands-on management by the policy owner. Assets in the participating account are managed in a diversified portfolio and are invested primarily in bonds, mortgages, equities and real estate.

Universal Life Insurance
Universal life provides permanent life insurance with a tax-advantaged investment component. As cash values accumulate, they can be used to pay part or all of the cost of your insurance or to increase the death benefit. You select an investment mix that is as individual as you are – taking into account your financial goals and circumstances and the amount of investment risk you're comfortable with. This type of policy is attractive for people who want to actively manage their insurance policy.

Disability Insurance
Have you considered how you and your family would be impacted if you were to become sick or hurt? Do you have a contingency plan in place? What would happen to your retirement plans? Our goals in working with you is to help educate you so you can make sounds decisions that make sense for your unique situation.
We provide disability coverage that's designed to help address your needs and protect your ability to earn an income-something that could be jeopardized the second a disability strikes. Accidents and illnesses are facts of life. They could happen to anyone at any time.

    Did you know that:...

• 1 in 3 people, on average, will be disabled for 90 days or longer at least once before age 65.
  
• The average length of a disability that lasts over 90 days is 2.9 years.

Source: CIA 86-92 Aggregate Table & 1985 Commissioner's Disability Table A (Experience Table)

Do you have a plan in place to cover your monthly expenses for 2.9 years? The average person will be able to maintain their lifestyle for approximately three months.

Critical Illness Protection:
Critical illness (CI) insurance provides a lump-sum benefit to an insured person on the diagnosis of a covered medical condition. The benefit can be used to pay for on- going care, home modification to accommodate the condition, access to foreign medical treatment that may not be available at home, or for any other purpose the insured deems to be appropriate. Many critical illness plans offer riders such as return of premium, therefore if you never claim you will receive your premium dollars back. Consider CI with a return of premium as a forced savings account with an element of insurance security in the event of an illness.

To purchase individual insurance products, please contact us.