As a one-stop boutique shop you can find solutions to your everyday financial needs. They could be: planning for your dream house, protecting your investment(s), protect your love ones from the unforeseen circumstances in life, planning for your retirement, maintain and reward your employees, etc.
Feel free to take a look at our wide range of services below
by clicking on the different catergory buttons:
1. Property insurance commonly calls general Insurance it cover insurance attached to a property or liability.
2. Personal Insurance provides protection against financial lost resulting from a death, sickness, accident, disability, or old age of a person. It is a unilateral contract only you can cancel once it's been approved by the insurance company; can be purchased by individuals and/or organizations.
Life Insurance has two types: Term Insurance and Permanent Life Insurance. In both cases you are protected in case GOD forbidden something happen during the time you are fulfilling your regular premium payments in exchange for a protection called face amount, which is the total amount of money someone will received in case of claim. This face amount is tax exempt.
Your payment (Premium) will remain the same for certain years, this must be decided at time the application is fill in, usually 1,5,10,15, or 20 years untill you're 65 years-old or you can pick a selected term. Renewal prices are guaranteed and can be found at the policy. This feature is called RENEWABLE OPTION.
TIP: The longer the premium remains the same, the better. That's because the total amount paid over a specific period of time will be less.
TERM life insurance has expiration, meaning it will be covered by the insurance company untill certain age of the insured person, nowadays you can find an expiration ranging from 65 to 95 years-old.
It is generally not available for purchase after 80 years of age.
Another feature a policy must have when buying life insurance is a conversion privilege. Meaning, you can transfer your term Insurance Policy to a permanent one without evidence of insurability. In order to do so you will have a deadline (usually 70 years-old). No medical whatsoever will be required, and the policy you are transferring to will be anyone at time of conversion in the market from the same insurance company you bought you term Insurance.
A person can decide to transfer the whole face amount, it is known as total conversion or just a portion of the life insurance called a partial conversion. In this case that remaining amount can be carrying on or cancelled at time or conversion.
Term insurance is a great Insurance solution for financial obligations like mortgage, specific design for a set period of time.
Basically a life Insurance bought for the entire life of the insured person and paying the same amount of premium for a set period of time.
This type of insurance cannot be renewed and does not expire. Premiums for permanent insurance are considerably more expensive than for an equivalent amount of term insurance.
Permanent insurance most often is available as follows:
• Term to 100 Insurance
• Whole Life Insurance
• Universal Life Insurance
Term to 100 Insurance
Best for someone who wants to pay the same amount of premium for life.
Best for someone who wants to be insured for life.
Best for someone who does not require cash value within their life insurance policy.
Whole Life Insurance
Best for a person who has estate planning goals.
Best for a person who can appreciate the value of policy loans and/or Cash. Surrender Values.
Best for a person who needs the discipline of an insurance contract to save.
Universal Life Insurance
Best for somone who is focused toward investments and investment performance.
Best for a person who wants the simplification of insurance and investment together.
Best for people who wish and/or require flexibility in an insurance contract.
Health Insurance is compiled in different forms of protection, main difference between life insurance and health insurance its health insurance is a benefit in most cases paid directly to the owner of the policy.
It is a protection in case of an illness cover in the policy is been diagnosed and a Lump Sum, monthly instalments or expenses related (it will depend of the policy bought and the insurance company design) will be pay after a claim is been submitted and for most conditions covered is still living 30 days after diagnosis.
There are basically three types of Critical Illness based on a period of time:
• Renewable TERM 10 years with a conversion privileges.
• TERM 75, premiums will remain the same till insured person is 75 years-old.
• TERM 100, Premiums guaranteed for as long as 100 years of age.
Critical Illness is considered an Income Supplement so the Insured person does not need to borrow or exhaust their savings in case of a sickness struck.
The intention of a Critical Illness is to improve the quality of life remaining for a person who is critically ill and those surrounding him/her. To be used to provide the necessities of life.
Critical Illness Benefit is paid directly to the insured; it is not based of the insured’s ability or inability to work.
Critical Illness Policies are available as: Stand-alone policies, Additional cover to life or Disability Policies and Group Insurance.
Pre-existing conditions will not be covered and in some cases with certain carriers second event will be cover for an extra premium.
Provide peace of mind by knowing that necessary care can be afforded and will be provided.
LTC Pays a monthly benefit to assist individuals with expenses associated with ongoing care.
A policy can be structured to provide benefits for:
• Home health Care
• Facility Care (chronic- care)
• Medical equipment
• Respite care
• Hospice care
• Adult day care.
LTC policies are available as stand-alone policies, rider to life or disability policies and Group insurance.
Benefits are paid if there is a cognitive impairment (inability to think, perceive, reason, or remember) and/or inability to perform activities of daily living.
Length of benefit period ranges form year(s) to life. Most policies will have a waiting period, understanding the longer of it…the less expensive premium will be.
A long-Term Care policy taken out on a parent and paid by a child fulfills a parental support obligation.
What is disability? That which is defined in the policy, given a wide range of interpretation by Insurers. In some cases it will cover only physical impairment not mental disability therefore a policy owner must carefully review it with his/her agent.
Disability must result from an accident or sickness and it must require medical attention. Disability can cover Accident only or it can be Accident and Sickness.
A person can have multiple disability policies but the benefit received from all sources will not pay more than the person receives as earned income.
Earned income includes:
• Salary
• Wages
• Commissions
If the disability premiums are paid by the insured person with their earned income then the benefit will be received tax-free.
It is an additional coverage for everyday health needs; medical emergencies, medication and dental costs not covered by your provincial health plan. Each insurer company designs their product featuring one or more benefits.
Benefits can be dividing in three main parts:
• Medical equipment & practitioners
• Prescription drugs
• Dental care
General speaking with these three benefits companies will create a few combinations allowing the insured to have less or more benefits in each specific plan.
Travel insurance is designed to cover losses resulting from unexpected and unforeseen circumstances due to a medical emergency while traveling. It could be bought while traveling out of your province of residence, or to another country.
When a resident from another country visits Canada they will not be covered under our Health System, and any medical emergency will be the sole responsibility of the guest or sponsor, resulting in expensive out-of-pocket expenses.
There are two types of Visitors to Canada policies:
• Traditional Visitor to Canada
• SuperVisa Visitor to Canada
Generally speaking travel insurance covers a person for the expenses of a medical emergency including facility, doctor’s invoice, medication, accidental death & dismemberment and flight accident while traveling out of his/her province of residence or overseas.
Tip: Always read the policy to be 100% sure all of these are covered in your travel insurance.
Travel Insurance can be bought for a single trip or multi-trip annual plan. Every Insurance company offering Travel Insurance designs their unique product and coverage (nowadays it goes from 5 to 10 millions). This is why policy wording must be read to understand what is and what is not covered under the policy.
Price depends on age, number of days traveling and medical condition(s); and again varies from one company to another. For an additional price, added coverage such as: trip cancellation & interruption, baggage loss, damage & delay can be added.
Travel insurance policy premium can be paid, in most cases, by credit card.
Visitor can pick a coverage ranging from $10,000, $15000, $25,000, $50,000, $100,000, $150,000, and $300,000 in Canadian dollars, or more.
It is very important to choose an amount reflecting risk and time of the visitor because once the total amount of the policy has been claimed then the policy will be cancelled.
Price depends of age, number of days traveling, medical condition(s), and varies from one company to another.
It is strongly advised, if possible, to call the insurance company before an insured person seeks treatment.
It must be bought from a Canadian Financial Institution with coverage of $100,000, and for a period of 365 days. It can be paid in one shot or monthly instalments. Price depends of age and medical condition(s).
Please call us for more information.
Travel insurance for Students provides coverage for numerous emergency medical services not covered by provincial health plans while studying away from home.
Or coming to study to Canada?
This type of insurance will protect a student from any medical emergency while studying in Canada. Coverage and premiums varies from one insurance company to another.
Are meant to be for a group of people under an umbrella, for example, a company, an association, a club, etc. And, because of it, the benefits will be restricted to only what is been included into the policy.
Group benefits are offered to companies to attract and retain their employees.
In today’s competitive market employees are constantly looking for a better job that not only offers more income but an enhanced benefit package.
Basically there are two types of Group benefits:
• Life & Health Benefits
• Company Sponsor Retirement Plans
Traditional Group benefits include Life & Health benefits which offers a small Life insurance for the insured and their dependents, plus the health component. Today we can find policies that exclude this Life Insurance component from the Group benefits. Group Health Benefits include a customized choice of:
Retirement Planning is the process to helping your employees define their income while in retirement and maintaining their lifestyle.
This is another important part of your employee benefit plan; it gives the employer the opportunity to transform the employee’s retirement possible outcome. Not everyone is thinking of their retirement and in many cases when it's a little too late to save enough money.
Sponsor retirement Plans are custom designed to achieve your and your employees goals.
It could be as sophisticated as a pension plan with a defined contribution plan, a Deferred Profit- Sharing Plan, a Group Retirement Saving Plan contribution, or even a simple TFSA plan, or a combination of some of them.