The costs of insurance can be very minimal when compared to the financial assistance it can provide when you need it most. Insurance benefits are not taxable. Insurance premiums typically increase with age, therefore it is wise to purchase insurance sooner rather than later.
Loan Life Insurance
This insurance will pay off the insured balance of your line of credit, loan or mortgage in the event of death.
Loan Disability Insurance
This insurance will cover the insured portion of your scheduled loan payments while you are disabled and unable to return to work. In the case of a mortgage, this insurance can also pay for other expenses related to your home during your disability period, such as taxes, electricity, heating, etc. Insurance benefits are paid for as long as the disability lasts or until the debt is paid off.
Coverages and premiums vary based on the product chosen and your personal profile.
Contact a Financial Services Advisor.
Life insurance is an important element of your financial plan. It helps to ensure that the ones you leave behind can maintain their lifestyle.
There are many life insurance options available. It is important to fully understand each option in order to choose the insurance that best suits your needs.
Insurance premiums typically increase with age, therefore buying life insurance sooner can save you money.
Contact our financial planning partner, C Finance, to review the life insurance options that are most appropriate for you.