Personal Insurance is a type of cover that provides financial security to you and your family for events such as a serious injury or illness, loss of ability to earn, total and permanent disablement or even death.
People often get personal insurance in order to maintain their way of living, with financial support to cover any outstanding debts and everyday expenses.
With term personal insurance, you have the flexibility to choose the period of time you would like to be covered for, while whole life insurance provides coverage for the rest of your life.
When deciding the right term for your situation, it’s important to assess your short and long-term financial commitments, future expenses and how long you want to continue providing for your family.
This is designed to pay out your beneficiaries a lump sum if you pass away.
This provides you with a lump sum if you suffer a serious injury or illness as defined the policy.
This type of policy provides you with a lump sum if you’re injured or fall ill and are unable to work.
Provides cash payments if you require care in your home or in a private or government facility.
Covers a portion of health care costs not covered by your provincial health insurance.