Life Insurance


A proper financial plan can mean the difference between leaving your loved ones well-positioned financially and leaving them to cope with debts and an inadequate income.

Life insurance can help create financial security for you and your family. If you should die prematurely, it can be used to:

  • Pay final expenses and any debts
  • Provide an income for your family
  • Ensure your family has the resources to maintain a comfortable standard of living
  • Leave a legacy to your favourite charity

While you’re still living, some life insurance policies can:

  • Build tax-advantaged savings you can draw upon as needed for personal or business opportunities
  • Supplement your retirement income or provide for long-term care or home care for yourself or a family member

Term Insurance

Term life insurance is well-suited to meet high, short-term protection needs for the lowest initial cost. For example, a couple with young children and a mortgage might select term life insurance as an affordable way to get the full coverage they need today.

Term life insurance coverage can do a good job of meeting immediate needs and may provide the opportunity to later move or convert to permanent life insurance without providing proof of health.

Permanent Insurance

Permanent life insurance can protect you for your lifetime. It can build a tax-advantaged cash surrender value and provide a death benefit.

Universal life insurance combines permanent life insurance protection with a tax-advantaged investment component. As cash value accumulates, you can use it to pay part or all of your insurance charges.

Participating life insurance combines permanent life insurance protection with a tax-advantaged savings component. It can protect you for life, provided your premiums are paid when due. Participating life insurance policies also have a potential to receive policyholder dividends.