Personal

Our goal is to help your family protect the things that matter most: stability, and having a plan for when life get’s in the way. We focus on comprehensive planning and customized solutions to deal with life’s unexpected hurdles.

What happens if you die too soon, become disabled or live too long? These are the problems we help you find the right answer for. At Lifestyle Insurance & Benefits Brokers, we focus on three main insurance products to help you deal with life’s unexpected moments. They are:

Life Insurance
  • Mortgage & Debt cancellation
  • Income replacement
  • Child education funding
  • Estate Planning & Wealth transfers
  • Charitable giving
Critical illness Insurance

Chances are 40% of us will be diagnosed with a serious illness before age 65, though you also have an 85% chance of surviving that illness. In women, this rate is even higher. This might leave you and your family feeling a little financially exposed, and unsure of what to do next. Proper planning can help. Some of the types of plans we offer include:

  • Term or level cost plans to age 100
  • Return of Premium riders to ensure the cost is refunded if no claim is made
Disability and Accidental Injury Insurance

If you are not covered by a group benefits plan with long term disability (LTD) then protecting your income is an important consideration.

  • Accidental Death & Dismemberment plans
  • Salary Continuation plans for self employed professionals
  • Business overhead insurance
  • Accidental injury including high risk activities such as backcountry skiing and snowmobiling
Investments

Creating and managing a retirement income plan is a hands on job. We take pride in ensuring your funds are secure by designing investment plans that provide protection from downturns in the market. Using the guarantees provided by segregated funds we can build a pension type plan that provides piece of mind as you approach retirement.

  • Registered Retirement Savings Plans (RRSP)
  • Tax Free Savings Accounts
  • Non-Registered plans
  • Locked in Retirement Accounts (LIRA)
  • Retirement Income Funds (RIF)

We are aligned with investment professionals that can assist with complex planning and investment opportunities including mutual funds and exempt market securities.

Tips

Can a smoker get life insurance?

Smokers can get a life insurance policy, but they will pay a higher price for the coverage. It is already well known the risk factors associated with smoking, and insurance companies consider smokers high risk candidates. Most life insurance companies consider you a non-smoker if you have quit for 12 months, which will qualify you for better rates after a year of being nicotine free.

You should…

Regularly review your life insurance policy and amend it if your circumstances change. Examples could be the birth of a child, a change in occupation or an increase in your debt.

When should you purchase travel coverage?

As soon as you have paid for your trip, you are at risk, so secure coverage as soon as you have book your vacation.

Multi-trip travel insurance

If you travel several times a year, it often makes sense to take a multi-trip insurance policy as opposed to getting every time single-trip policy.

Coverage is more important than price

You will most likely pay a premium for good quality coverage that meets your specific needs. It helps to compare rates and our agents do this for you to ensure you are getting the best coverage for your cost limit.

Why consult with a Licensed Financial Professional?

A financial professional can help you factor in financial considerations, your needs and your family’s needs.

Are you protected?

Did you know that Mortgage insurance sold through your bank is only designed to protect the lender, and not the homeowner?

Play with the deductible

If possible, find out whether changing the deductible will make any difference to the price. Often a higher deductible means a lower premium. Rather than cut back on coverage, raising the deductible gives you maximum peace of mind and minimum risk.

Elmer Letterman

“Luck is what happens when preparation meets opportunity”

Don’t underestimate the value of a stay at home parent

Legal & General released a report revealing that replacing the work of a full time mum can cost upwards of $40,000 a year.