Life Insurance & Group Benefits

Many people take the time to insure their homes, automobiles, and personal belongings, but consider the two things that have the most value: your life and your health.

Many of our clients are provided a group benefit plan through their employer that has a life insurance component. Group benefits, as valuable and important as they are, are intended to offer all employees a base level of coverage; they are not meant to be a complete solution for everyone. For example, the life insurance in a group benefit plan is often limited to one or two times an employee’s annual salary. How far would that take you? Do you have a mortgage to pay? Do you have small children that have years of upbringing and an education to pay for? Do you have other dependants? An individual life insurance (and/or critical illness) policy is the only way to ensure your family is properly protected.

Think about it this way: insuring your life and your health are really about insuring the income that supports your lifestyle.

There are a broad range of products available to protect you; permanent and term life insurance, disability insurance, and critical illness insurance. Involved in a business? We also offer key man insurance and group benefits.

Please take a moment to view this video for a Marketplace segment on CBC. It's about 20 minutes long but after watching this you will know why it is important to know the perils of buying creditor insurance from banks, car dealerships, and credit card companies. Not only is it more expensive than individual life insurance but as you will see there is a good possibility of not collecting at claim time.