Protect Your Legacy, Not Just Your Debt.
Life insurance isn't for the people who die. It's for the people who are left behind. Whether you need to cover a mortgage, fund a buy-sell agreement, or leave a tax-free gift, we structure the plan that fits.
Discuss Your OptionsThe Mortgage Insurance Trap
When you signed your mortgage, the bank likely asked you to tick a box for "Creditor Insurance." This is often a bad deal. Bank insurance is designed to protect the Bank, not your family. Here is why an individually owned policy is superior:
| Feature | Bank Mortgage Insurance | Personal Life Policy (Broker) |
|---|---|---|
| Who gets the money? | The Bank (It pays off the debt) | Your Beneficiary (Tax-Free Cash) |
| The Payout Amount | Declining (As you pay off debt, coverage drops) | Level (Stays the same for the whole term) |
| The Premium | Often increases with age | Guaranteed Fixed Rate |
| Portability | Lost if you switch banks | You own it. It follows you everywhere. |
| Underwriting | Post-Claim (They check health after you die) | Upfront (You know you are covered today) |
Which Plan Fits? Renting vs. Owning.
We don't believe in "one size fits all." Most clients need a blend of temporary coverage for debts and permanent coverage for legacy. Here is the breakdown.
Lifetime Term (The Rental)
Best for: Mortgages, Income Replacement, Young Families.
Term insurance offers the highest coverage for the lowest initial cost. You are covered for a specific set of years, protecting your working years.
- Flexible Durations: Term 10, 15, 20, 25, 30, and Term to Age 80.
- Guaranteed Premiums: Your rate is locked in for the duration of the term.
- Conversion Privilege: Exchange for a Permanent policy up to age 71 without a medical exam.
Participating Whole Life (The Asset)
Best for: Final Expenses, Estate Taxes, Intergenerational Wealth.
Whole Life is permanent protection that builds equity (Cash Value) over time, which you can access while you are alive.
- Payment Options: "Pay to Age 100" (lower monthly cost) or "20 Pay" (paid off in 20 years).
- Cash Value: Guaranteed growth starting as early as Year 5.
- Dividends: Earn annual dividends to buy "Paid-Up Additions," increasing your death benefit automatically.
🏥 Critical Illness: Survival Insurance
Life insurance pays if you die. Critical Illness pays if you live.
Medical advances mean you are more likely to survive a heart attack, stroke, or cancer diagnosis than ever before. But survival is expensive. Government health care covers your doctor, but it doesn't cover:
- Lost income while you take 6 months off work.
- Experimental drugs or treatment in the USA.
- Modifying your home for accessibility.
A Critical Illness policy pays you a tax-free lump sum (e.g., $50,000 or $100,000) 30 days after diagnosis. You can use it to pay the mortgage, travel for treatment, or just focus on healing without financial stress.
🏛️ Estate Planning & Wealth Transfer
For our clients with significant assets (Farms, Corporate Holdings, or Cottages), the tax bill at death can be devastating.
The Capital Gains Trap: When you pass away, the CRA treats your secondary properties as if you "sold" them. This can trigger a massive tax bill that forces your children to sell the family cottage just to pay the government.
The Solution: Permanent Life Insurance provides immediate, tax-free liquidity to pay those taxes, ensuring 100% of your hard-earned estate goes to your children, not the CRA.
Quick Need Estimator
Not sure how much coverage you need? Use this simple tool to get a baseline.
*This is a rough estimation tool only. It does not account for existing assets or CPP survivor benefits. Contact us for a precise Financial Needs Analysis.
Let's build your safety net.
Life insurance is cheaper than you think, especially if you lock it in while you are healthy.
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Or call us at (403) 335-3442