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No one has the same life situation, but we all want our loved ones to be able to maintain a quality of life if something bad happens to us. We are here to advise you in order to make the best choice.
Get more information by contacting one of our advisors.
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Protect yourself for a predetermined period of time. You will have the opportunity to make a financial commitment while protecting your family.
Your life and critical illness insurance needs will never stop changing over the years, with children being born, buying a new car, buying a home…..our term life insurance coverage will protect you throughout this financially demanding period.
4 reasons to choose term life insurance
- It is the least expensive life insurance on the market
- The duration of the coverage can be chosen, it is between 10 and 40 years.
- It can be converted to permanent life insurance without any evidence of insurability
- It covers an immediate need
The ideal solution if you have:
- Dependent children on a budget
- Loans to be repaid in the short and medium term
Protect yourself throughout your life! Your family and your assets will be protected, not to mention the costs related to your death. Benefit from fixed, guaranteed costs plus a cash value.
Permanent insurance is:
- A bonus that will not increase
- Payments spread over the duration of your choice
- An attractive cash value
The ideal solution if you want to:
- Leaving a legacy
- stay insured even if you are in poor health
- Ensuring the continuity of your business
Double your benefits! Ensure a better life for your family in the event of your death while saving tax-free.
Universal Life Insurance is a smart choice that gives you the opportunity to plan for your current financial life while planning for your future in a simple and effective way. Insurance protection that ensures a better life for your loved ones in the event of death and grows your savings tax-free.
Enjoy the following benefits with no policy fees, and tax-free:
- A fixed cost of insurance that will never change
- The ability to pay your insurance costs over a limited period of time
- A guaranteed and fixed sum insured
- use your savings to increase your insurance coverage or pay for some of your insurance costs
- Permanent life protection
- A simple and effective way to save for all your projects and even for your retirement
- High flexibility in terms of payment frequency, investment options, insured amount and premium amount
The ideal solution if:
- You want to leave a larger legacy
- You contributed the maximum amount to your TFSA and RRSP
- You want to protect the value of your business
We offer competitive investment tools with a return that is tied to fixed-interest rate accounts and stock market indices.
Insurance for your child’s life
Taking out life insurance for your offspring
Having a child is always a source of joy for the whole family and it is an opportunity for parents to spoil them and satisfy all their needs. Nothing is too good for the little one! Between clothes, toys, decoration of their bedroom and acquisition of all the equipment for their comfort and well-being, parents make every effort to pamper their newborn. They think of everything except taking out life insurance in his favour.
It is possible to insure a newborn from the first week of birth, and it is recommended that you offer life insurance from an early age like other members of the family.
There is a wide range of products available on the life insurance market, but before making your choice, it is best to start by asking yourself what the main reason for taking out life insurance for your child is. Indeed, several things can justify such a decision, including the updating of the policy, the full payment of the personal insurance before he or she celebrates his or her 20th birthday, the transferability of the policy or the affordable price of the insurance when taken out at an early age.
Whatever the reason, it is advisable to take out insurance for your child when he or she is still young in view of all the above-mentioned advantages. But for parents there is another important question, namely the amount to invest and here again a distinction must be made between the cost of the premiums to be paid and the value of the life insurance. Most often, it is the amount to be paid that worries parents, except that the value of the insurance should not be neglected.
If you consult an insurance broker about the amount of the premium and the amount of life protection, he or she will probably announce a shocking fact. Because it is possible to pay the same amount for insurance worth $250,000 as for other insurance worth only $25,000.
In order to better understand the situation, it is more appropriate to rely on an explanatory example. Let’s take the case of a one-year-old child for whom his parents have taken out $50,000 in insurance over a period of 20 years. Once this period has elapsed, the child remains insured but the parents will not have to pay premiums.
In the second case, the parents purchased a term protection policy for the value of $250,000 for a period of 20 years. They pay an annual bonus of $235. Obviously the annual cost is affordable compared to the value of the insurance. Through this example, we can say that it would be wiser to bet on a higher value in the long term than to take out insurance worth $25,000 or even $50,000. In addition to his insurability is guaranteed, because if he is subsequently affected by a serious illness, this may prevent him from taking out any life protection. In addition, it is the insurance taken out by the parents at birth for the amount of $250,000 that can be useful.
A key element for parents to consider when it comes to coverage, and that is the insurability of the child. Because by taking out a policy at a young age, life insurance will follow him throughout his life. In addition, it is a chance to take out insurance at a lower cost.
It is also an opportunity to ensure your life while you are in good health, misfortune can occur at any time. To take out an appropriate policy, all you have to do is call on an experienced broker to benefit from tailor-made protection for your child.
Request a life insurance quote now while you’re healthy. Our Secure for Life partners will help you protect yourself.
