Living Benefits

This is a new term that we apply to the variety of insurance products that pay a benefit to the insured while they are alive (excluding group Health and Dental). This class of coverage has expanded greatly in the past 3-4 years beyond just Disability Income insurance. We offer a complete range of insurance products and services, accessing some of the top carriers in Canada. Coupled with our expertise, we can custom design packages for both Individuals and Businesses.

Today, there is a significant choice of Living benefits products available for Individuals, including:

  • Disability income Replace your after-tax income if you become disabled…and get your premiums back if you are not.
  • Critical illness Receive up to $2 million tax-free in a lump sum if you are diagnosed… and all of your premiums back if you stay healthy
  • Priority Access "Front of the Line" access to private care across North America.
  • Long term care Receive up to $9,000 per month of tax-free funding during your lifetime, if you require long-term care services in your home or in a long-term care facility.
  • Capital benefits Accumulate cash tax-free, and access it tax-free.

Our focus in this area continues to be on the planning process.

We have found that most clients typically require a combination of coverages throughout their Life Cycle in order to effectively manage risk and to cushion the impact of Critical Financial Events. This combination of coverage changes as you move from the Income Protection phase through the Asset Protection phase of your Life Cycle.

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We can help you co-ordinate these different coverages, and work with you to design a package that is appropriate, affordable, tax-efficient and structured to deliver exceptional value. Contact us today to find out how you can effectively manage risk through Living Benefits.

No matter which Living benefits product or products you choose, our commitment to you is that we will be there to assist you at claim time, which after all is the most important time. Our expertise can be the driving force to effectively manage your portfolio right through the claims process.