Frequently Asked Questions

When should I apply for Insurance?

When you earn an income, save, start a family, buy a home, your value increases. The purpose of life insurance is to protect the capitalized value of your life and provide financial support to your survivors. Securing coverage sooner rather than later guarantees a lower rate, more options, and peace of mind knowing that those who depend on you are protected in case something unexpected happens.

What amount and plan is right for me?

Identify what your risks are. A temporary solution covers a risk with a known time period, such as protecting your mortgage, protecting a business or starting a family. You can cover yourself with a large face amount at a low premium. A permanent solution has added benefits ideal for covering final and ongoing expenses, taxes after death and providing income during retirement. If you are self-employed or a business owner, getting coverage is important to maintain business operations and overhead. Group and liability insurance would be needed to cover your employees. Plans can be adjusted according to your changing needs. If you are unsure, we would be happy to help you figure out the right plan and coverage amount.

Can I insure my children?

Yes. This sets them up financially for life. The rates are low because of their age. This can be beneficial for your children’s future, especially if their health declines. For instance, a child diagnosed with a medical condition that would rule out the chances of getting insurance in adulthood could fall back on the life insurance you had the foresight to pay up when he or she was young. Ask one of our advisors to help you decide which plan is best for your children.

What is the difference between simplified issue and traditional issue insurance?

Simplified issue means the insurance applied for does not require a medical exam, whereas a traditional insurance policy may require a medical exam. A simplified issue policy offers convenient coverage if you are looking for a fast and easy solution, or hard to insure. Determining eligibility for traditional insurance examines the applicant's health condition, lifestyle, etc.

What if the company goes under?

All life insurance policies in Canada are protected by a non-profit Federal organization called Assuris.