INSURANCE SOLUTIONS
Insurance can help protect your family, income, health, business and long-term financial security when unexpected events occur.
Explore the coverage options below and select a category to learn more.
LIFE INSURANCE
Life insurance can help provide financial protection for your loved ones and support long-term family, estate, and financial planning goals.
TERM LIFE INSURANCE
Term life insurance provides coverage for a specified period. If the insured person dies while the policy is in force, the death benefit is paid to the designated beneficiary, subject to the terms of the policy.
Term insurance generally does not build cash value and is often used when protection is needed for a defined period.
✓ Mortgage or Other Debts
✓ Income Replacement
✓ Family Living Expenses
✓ Children's Education
✓ Temporary Business or Personal Protection
WHOLE LIFE INSURANCE
Whole life insurance provides permanent life insurance coverage and generally includes guaranteed policy values and a cash value component, subject to the terms of the policy.
With participating whole life insurance, the insurance company manages the underlying participating account rather than the policyholder selecting individual investments. This may appeal to individuals who prefer a more conservative approach with less direct exposure to market fluctuations.
Depending on the policy, participating whole life insurance may also provide dividends. Dividends are not guaranteed, and policy values, access to cash value, and other features vary by insurer and policy.
✓ Permanent Life Insurance Protection
✓ Guaranteed Values, where provided by the policy
✓ Potential Cash Value Accumulation
✓ Potential Participating Dividends, where applicable
✓ Estate & Legacy Planning
✓ Long-Term Financial Planning
UNIVERSAL LIFE INSURANCE
Universal life insurance is a form of permanent life insurance that combines life insurance protection with an investment account. Depending on the policy, you may have flexibility in how premiums are allocated and how the investment portion is managed.
The policy’s cash value and, in some structures, the death benefit may increase or decrease based on the investment options selected, investment performance, fees, and policy terms. This type of coverage may suit individuals who want permanent insurance together with greater investment flexibility and who are comfortable with market-related fluctuations.
✓ Permanent Life Insurance Protection
✓ Investment Account Within the Policy
✓ Flexible Premium Options, subject to policy terms
✓ Potential Cash Value Growth
✓ Estate & Legacy Planning
✓ Long-Term Financial Planning
CRITICAL ILLNESS INSURANCE
Critical illness insurance is a living benefit designed to provide financial support if you are diagnosed with a covered serious illness and meet the policy requirements. Depending on the policy, coverage may include up to 25 critical illnesses, with common covered conditions including life-threatening cancer, heart attack, stroke and coronary artery bypass surgery.
The benefit is paid as a one-time lump sum directly to the insured and, for personally owned coverage, is generally received tax-free. Tax treatment may differ depending on how the coverage is owned and who pays the premiums.
The funds can generally be used as you choose, helping provide financial flexibility during treatment and recovery.
✓ Replace or Supplement Income
✓ Help With Mortgage or Debt Payments
✓ Cover Household Expenses
✓ Pay for Additional Care or Recovery Needs
✓ Support Travel or Treatment-Related Expenses
✓ Provide Financial Flexibility While You Recover
DISABILITY INSURANCE
Disability insurance can provide a monthly benefit if illness or injury prevents you from working, helping replace a portion of your income during an eligible period of disability.
Coverage can be especially important for self-employed individuals and business owners, who may not have access to employer-sponsored income protection. Benefit amounts, waiting periods and benefit periods vary by policy.
For personally owned coverage, benefits are generally received tax-free when premiums are paid personally. Tax treatment may differ where premiums are paid by an employer or corporation.
✓ Help Replace Lost Income
✓ Support Mortgage, Rent & Household Expenses
✓ Help Manage Ongoing Debt Obligations
✓ Valuable Protection for Self-Employed Individuals & Professionals
✓ Coverage Options Tailored to Income and Occupation
KEY PERSON INSURANCE
Key person insurance is coverage a business purchases on an owner, partner, executive or employee whose contribution is important to the success of the business. Depending on the need, coverage may include life insurance, critical illness insurance or disability insurance.
If a covered event occurs, the benefit may help the business manage the financial impact of losing that key person and provide additional flexibility during the transition.
✓ Help Maintain Business Operations
✓ Support Recruitment & Training of a Replacement
✓ Help Manage Business Debt or Ongoing Expenses
✓ Protect Revenue During a Transition
✓ Support Business Continuity & Succession Planning
LONG-TERM CARE INSURANCE
Long-term care insurance can provide financial support if you require ongoing assistance with daily living or extended care later in life.
Depending on the policy, benefits may help with home care, caregiver support, assisted living, or long-term care facility expenses. Coverage can help reduce the financial impact that future care needs may have on your retirement savings and family finances.
Benefit amounts, eligibility requirements and care triggers vary by policy.
✓ Help With Long-Term Care Costs
✓ Home Care & Caregiver Support
✓ Assisted Living or Care Facility Expenses
✓ Help Protect Retirement Savings
✓ Additional Financial Flexibility for Future Care Needs
EXTENDED HEALTH & DENTAL INSURANCE
Extended health and dental insurance can help cover eligible healthcare expenses that may not be fully covered by your provincial health plan. Depending on the plan selected, coverage may include prescription drugs, dental care, vision care, registered therapists, mental health services, medical equipment and other eligible health expenses.
Coverage levels, reimbursement percentages, annual maximums and eligibility vary by plan.
✓ Prescription Drugs
✓ Dental Care
✓ Vision Care
✓ Physiotherapy, Massage & Other Eligible Practitioners
✓ Mental Health Services
✓ Medical Equipment & Supplies
✓ Emergency Medical Travel Coverage, depending on the plan
Travel insurance can help protect against eligible unexpected expenses before or during a trip. Depending on the plan selected, coverage may include emergency medical expenses, trip cancellation or interruption, baggage loss or delay, and travel accident benefits.
Coverage may also be available for visitors to Canada, helping protect against eligible emergency medical costs during their stay.
✓ Emergency Medical Coverage
✓ Trip Cancellation & Interruption
✓ Baggage Loss, Damage or Delay
✓ Travel Accident Coverage, where included
✓ Single-Trip or Multi-Trip Options
✓ Coverage Options for Visitors to Canada
✓ Emergency Assistance Services, depending on the plan