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