LIFE INSURANCE
Life insurance is an integral part of any successful financial plan. It can help you preserve your wealth and protect what matters most - your family, your business, or anything else that’s important to you.
Term Insurance
Guarantees a fixed amount of coverage for a set time period. Term insurance is more affordable and also offers flexibility as most policies allow you to change your coverage to a Permanent Policy without requiring medical evidence.
10 or 20 year terms. Other terms can be selected to meet your needs
Shorter term policies have lower premiums, but they will increase as policies are renewed.
No cash value
Permanent Insurance
Provides guaranteed lifelong protection. These policies can also be used as an investment with an option to accumulate cash value on a tax-deferred basis. Types of Permanent Policies include: “Term to 100”, “Universal Life”, and “Whole Life”.
Coverage for life
Premiums won’t increase
Has cash value
LIVING BENEFITS
Living benefits are insurance solutions designed to provide protection from financial stress caused by a serious illness or disability.
Critical Illness Insurance
Provides a tax‑free lump sum payment, usually 30 days after being diagnosed with a serious illness covered by the policy
Similar to life insurance, you can choose between Term and Permanent plans
Some Policies allow you to add a feature that guarantees you a full refund of premiums paid if you don’t make a claim, or if you die while the policy is still in place
Disability Insurance
A percentage of your income is paid to you on a monthly basis, tax-free, if you are unable to work as a result of becoming disabled
Policies usually have a waiting period of between 30 to 120 days from the date of disability. Benefits are generally payable until age 65
Many plans allow you to increase coverage in the future, without having to take medical exams
Optional return of premium if you do not make a Disability Claim