Protecting Your Family's Financial Future

Could your family cope financially without your income?

Coping with financial issues at a time of loss can be an overwhelming burden.  Anyone with dependents should ask themselves a simple question: "Would my family have the financial security it needs if I were to die unexpectedly?"

Consider some of the issues.  Could your spouse cover living expenses without your salary?  Would there be enough capital to repay your outstanding debts, such as a mortgage, car loan or line of credit?  If you have children, would there be funding for child-care expenses, or post-secondary education costs?

Did you know that mortgage insurance purchased through the bank is underwritten at time of claim, therefore there is a risk the claim will be declined and your mortgage not paid out?

Did you know that personally owned insurance is usually less expensive for the same or more coverage than the insurance purchased through the bank?

Call us today to review your current insurance coverage and needs, to help ensure you have the coverage you need at a price you deserve. 

Protection Needs

There are a number of unexpected life events that can interrupt your financial goals for the future. Reviewing your financial objectives and protection needs is an important step towards reaching those goals. We can develop an insurance strategy that suits your needs and protects the people that mean the most in a cost effective way.

Living Benefits

You probably have life insurance to protect the financial security of your loved ones, but have you considered how you and your family would cope financially if you became critically ill or injured and it prevented you from working?  How would you cope financially?  Would you be able to make all of your financial commitments as well as have the money to pay for the added expense of the illness or injury? You can transfer this risk somewhere else by purchasing an insurance policy.  These insurance products may not be as expensive as you think.  Call us today for your free consultation.

Permanent Insurance

Permanent life insurance is a life-long coverage that pays a tax-free lump sum to your beneficiary(ies) on your death.  You can use permanent life insurance to:

  • Provide lifetime support for your family

  • Create a legacy for your family

  • Protect taxable assets you wish to stay within the family after your passing

  • Leave a legacy to a favourite charity

There are several different options when purchasing permanent life insurance.  The purpose for the insurance and your own personal preferences will determine what product will be right for you.  The different types of permanent insurance are:

  • Non-participating Whole Life

  • Participating Whole Life 

  • Universal Life

Talk to us today about your insurance needs, and how insurance is an integral part of your Finanical and Estate Plan.

Term Insurance

Term insurance is a type of life insurance policy that provides coverage for a certain period of time or a specified "term" of years. If the insured dies during the time period specified in the policy and the policy is active, or in force, a death benefit will be paid. Unlike most types of permanent insurance, term insurance has no cash value. In other words, the only value is the guaranteed death benefit from the policy.

Insurance products and services are provided through Assante Estate and Insurance Services Inc.