Permanent life insurance

Permanent life insurance provides insurance coverage for life. It also offers cash values that can grow over time to either increase the value of your death benefit or help pay for future goals like an education fund, starting a new business or supplementing your retirement income.

Health insurance

As Canadians, we’re fortunate to have public healthcare coverage – but that doesn’t mean your provincial healthcare plan provides you with all the healthcare coverage you need.

You may be left to pay for expenses such as:

  • Prescription drugs
  • Visits to the dentist
  • Eye exams
  • Paramedical services
  • Transportation by ambulance

Our group benefit plans can help protect you against these and other unexpected healthcare expenses. From basic coverage to the maximum protection available, our plan selections, optional benefits and valuable services can make it easy for you to prepare for your healthcare needs.

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Yang Pan

Financial Security Advisor
Investment Representative

Critical illness insurance

Focus on your recovery knowing that you have the money to help with your expenses if you're diagnosed with a serious illness.

  • Tax free payout. A one-time benefit payment that you can use for whatever you need.
  • Health experts. World-renowned specialists can help oyu and your family at any time for any condition.
  • Additional support. Get counselling and other services from professionals during your recovery.

Critical illness insurance can give you a tax-free payment if you're diagnosed with a serious condition. Your contract will define which conditions you're covered for, but some examples include cancer, heart attack or stroke. 

Participating life insurance

Participating life insurance, also called whole life insurance, provides lifelong insurance coverage with an opportunity for a tax-advantaged cash value component (a guaranteed amount of money that grows inside the policy) and death benefit growth.

These policies give you the opportunity to earn policyowner dividends which can be used to purchase additional insurance coverage or reduce your annual premium payments. Dividends when credited to the policy have a cash value. You can withdraw cash from these policies or borrow against the policy’s cash value.

Disability insurance

Protect your paycheque

 

Disability insurance works when you can't. It can give you tax-free monthly income to help pay expenses if an illness or accident stops you from working.

  • Monthly income. Payments replace part of your paycheque each month.
  • Guaranteed rates for your coverage until age 65.
  • Personalized. Customize your plan to suite your personal needs.

What is disability insurance?

It can give you a tax-free monthly payment to help replace your income and cover your expenses if an illness or injury keeps you from working.

 

While a disability can often be visible to hte naked ee, not all disabilities are so easily recognized. Chronic pain or a mental health issue can also qualify as a disability.

RRSP and RESPs

Contributing to a Registered retirement savings plan (RRSP) is still one of the most popular ways to save for your retirement. Contributions are tax deductible and taxes are deferred until you withdraw your money.

 

Registered education savings plans (RESPs) offer an effective way to maximize the money available to your children or grandchildren when they enrol in a full-time post-secondary program. And anyone – parents, grandparents, other family members and friends – can open an RESP for a child. As the cost of post-secondary education continues to rise, it’s becoming even more important to start saving early for their future education.

 

Preserving your business

As a business owner, it's important to consider the various ways to cover the risks your business faces, protect your employees and build employee satisfaction and loyalty. We offer a number of solutions to help business owners like you protect and grow your business.

Contact me today to learn more

For wherever your life takes you – Canada Life

Our lives take us different places. Wherever yours takes you, Canada Life is there to help. Learn more at www.canadalife.com.

 

 


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Man: “So, what do you want to be when you grow up?”

Description: Boy stands in front of photographer’s backdrop.

Super: Canada Life logo

(Camera shutter click)

Description: A camera flashes and the boy becomes an adult man in a white coat.

(Music: "Nobody But Me" by The Human Beinz)

Description: Girl about to blow out candles on a cake at a birthday party.

A girl leans forward to blow out candles.

The camera flashes and the girl becomes an adult woman.

A young man stands in front of a red compact car.

The camera flashes and the young man becomes a middle-aged man standing in front of red sports car.

Girl stands in front of rocks, water and forest.

The camera flashes and the girl becomes a woman wearing a hiking backpack with a baby inside.

Girl and boy leap into a pool, holding hands.

The camera flashes and girl and boy have become a man and woman underwater, wearing a tuxedo and wedding dress.

Girl performing martial arts moves in class.

The camera flashes and the girl has become a woman, wearing a black belt.

Boy dancing in front of stereo system in the living room.

Narrator: Our lives take us different places.

Description: The camera flashes and the boy has become a man dancing in the living room.

Narrator: Wherever yours takes you,

Description: The camera pulls out from the photographer’s backdrop as the subject continuously changes with each camera flash: a girl becomes an adult judge; a girl becomes an adult chef; a boy becomes a man wearing a hardhat and carrying blueprints; a boy becomes a firefighter; a boy in a scout uniform becomes an airline pilot; a boy becomes a man in cowboy clothing; a girl becomes an astronaut;

Narrator: Canada Life will help you plan for life as you know it.

Super: For life as you know it

Narrator: Insurance, investments, advice.

Graphic: Insurance | Investments | Advice

Narrator: Canada Life.

Graphic: Canada Life