Insurance Services

1.Permanent Life Insurance

It is a type of life insurance that provides coverage for the entire lifetime of the insured individual, as long as the premiums are paid. Unlike term life insurance, which only provides coverage for a specific term or period, permanent life insurance offers lifelong protection. It also includes a cash value component, which accumulates over time and can be utilized by the policyholder during their lifetime. Permanent life insurance is often used for estate planning, wealth transfer, and providing financial protection for loved ones even after the insured person passes away.

2.Term Insurance

It is a type of life insurance policy that provides coverage for a certain period of time, Coverage remains level throughout the term of the policy (10, 20, 30 years, etc.) If the insured dies during the time period specified and the policy is active, or in force, then a death benefit will be paid. Offers financial security to the policyholder’s dependents, covering expenses like living costs, education, and debts. Typically, policyholders choose the coverage amount based on their financial needs. Premiums are fixed for the term of the policy. Usually more affordable compared to permanent insurance because it only covers a specific term. The policyholder can choose the term length and coverage amount. Can be used for any purpose by the beneficiaries. The death benefit is paid out as a lump sum to the designated beneficiaries.

3.Mortgage Insurance

It is specifically designed to pay off the remaining mortgage balance if the policyholder dies.Coverage amount decreases over time, in line with the decreasing mortgage balance your payment stay the same thorough out the year. Typically tied to the mortgage amount and term. Often added to the mortgage payments, making it convenient but potentially more expensive over time. If you change your lender you need to re apply for new mortgage insurance. Limited flexibility as the policy is tied to the mortgage balance and lender. The beneficiary is usually the mortgage lender, not the family members. Pays directly to the mortgage lender to cover the outstanding mortgage balance.

4.Critical Insurance

It is an ‘living benefit’ that provides you with a lump sum payment you can use as you wish if you are diagnosed with a covered condition, such as Acquired Brain Injury, Aortic Surgery, Aplastic Anemia, Bacterial Meningitis, Benign Brain Tumour, Blindness, Cancer, Coma, Coronary Artery By Pass Surgery, Deafness, Dementia Coma Including Alzheimer’s Disease, Hart Attack (Acute Myocardial Infarction), Hart Valve Replacement or repair,

Kidney Failure, Loss of Independent Existence, Loss of Limbs, Loss of Speech,

Major Organ Failure on Waiting List, Major Organ Transplant, Motor Neuron Disease,

Multiple Sclerosis, Occupational HIV Infection, Paralysis, Parkinson’s Disease and Specified Atypical Parkinsonian Disorders, Severe Burns, Stroke (Cerebrovascular Accident), while living. While nothing can prepare you for dealing with a critical illness, a lump sum payment can help ease the financial and emotional stress often associated with a health scare. This will allow you to focus on treatment and recovery without the added worry.

5.Disability Insurance

It’s often called DI or disability income insurance, or income protection, is a form of insurance that ensures the beneficiary's earned income against the risk that a disability creates a barrier for completion of core work functions. It provides protection if you're unable to work and earn an income. Disability insurance provides financial protection by replacing a portion of your income if you become unable to work due to illness or injury.

6.Health & Dental Insurance

Health and dental insurance in Canada typically cover a range of medical expenses not covered by the government healthcare system. They help offset the costs of prescription drugs, dental care, vision care, and other healthcare services. These insurance plans can be obtained through employers or purchased privately to supplement government-provided healthcare coverage.

7.Travel Insurance

 It is an insurance product for covering unforeseen losses incurred while travelling, either internationally or domestically, Provides coverage for unexpected events that may occur while traveling. It typically includes protection for trip cancellation or interruption, medical emergencies, emergency medical evacuation, lost or delayed luggage, and other unforeseen circumstances that could disrupt your travel plans or incur additional expenses. Travel insurance policies vary in coverage levels and options, and travelers can choose plans tailored to their specific needs and destinations.

8.Super Visa Insurance

This insurance is a mandatory requirement for obtaining a Super Visa, which allows eligible parents and grandparents to visit their family in Canada for up to two years per visit without the need to renew their status. The Super Visa Insurance provides coverage for healthcare expenses, including hospitalization, emergency medical treatment, and repatriation, during the visitor's stay in Canada. The insurance policy must meet certain requirements set by the Canadian government, including minimum coverage amounts and specific coverage for healthcare expenses. It's essential for applicants to purchase Super Visa Insurance from a Canadian insurance company before applying for the Super Visa. The purpose of this insurance is to ensure that visitors have access to necessary healthcare services while in Canada without burdening the Canadian healthcare system or their sponsoring relatives with potentially high medical costs.

9.Group Insurance

It is a type of insurance that provides coverage to a group of people, typically employees of a company or members of an organization. The policyholder, usually the employer or organization, pays the premiums, and the coverage extends to all eligible individuals within the group. Group insurance offers benefits such as health insurance, life insurance, disability insurance, and more. It is a cost-effective way to provide insurance coverage to a large number of individuals.

10.Corporate Insurance

Corporate insurance, also known as business insurance, is a type of coverage that protects companies and organizations from financial losses due to various risks and liabilities associated with their operations. It encompasses a wide range of insurance policies tailored to meet the specific needs of businesses across different industries.

11.Corporate-owned Life Insurance

 It is a policy taken out by an employer on the lives of its employees. The employer is the policy owner and pays the premiums, while the employee is the insured individual. Benefits can be paid to the employer or directly to the employee's family upon their death. This insurance provides financial protection for the company and can also serve as an employee benefit. It's important to consult with an insurance professional for personalized guidance.