(905) 836-4185     High Volume Phone Notice 

Life Insurance

You may want to purchase life insurance in the case of premature passing for a variety of reasons.
  • Cover your mortgage
  • Protect your family
  • Other reasons
Mortgage Insurance

Your mortgage has a start date and an end date.

A term product has a start date and an end date.

  • It is cheaper than permanent insurance (from 50% to 90% cheaper, depending on your age).
  • Consider decreasing term insurance. 

You will not need as much insurance as you pay down your mortgage. 

  • Your monthly cost will be reduced right from day one versus level term insurance.

Contrary to mortgage insurance with the bank

  • Your loved ones will be the beneficiary, not the bank.
  • Your underwriting is upfront, not at the time of claim,
  • The insurance will not be tied to your mortgage when you move your mortgage.
  • A bank's mortgage insurance face value may decrease to 0.
  • Your decreasing term insurance will never be less than 50% of its original value.

Your term life will cost less than mortgage insurance over its life.

The loss of you is hard enough.

You can still fulfill your commitments to take of them until they can take care of themselves. You have created a lifestyle for your family so you can now protect it in the event of your premature passing. 


Your can make sure that...


Your family stays in the home you put them in.

Your child will grow to have:

  • Extracurricular activities
  • Savings for post-secondary education
  • All the extras for a fulfilling childhood

Your spouse doesn't have to take on a second job. And you can take care of your parents.

Life insurance can be used for a variety of other reasons like:

  • Leave money for the next generation (Legacy)
  • Debt Management
  • Creditor Insurance
  • Investment Purposes
  • Savings Vehicle
  • Retirement Income
  • Estate Planning
  • Tax Minimization
  • Buy/Sell Agreements
  • Shareholders Agreements
  • Corporate Owned Insurance

Determine whether your need is permanent or temporary, and for how much and for how long.


Permanent needs will be best served with products like:

  • Whole Life
  • Universal Life
  • T-100

Temporary needs will be best served with products like

  • Level term
  • Decreasing term

What Are Final Expenses?

Home Expenses

When determining how much insurance you need for final expenses, consider the costs below.


There are three main types of Final Expenses

  • Funeral Home Expenses
  • Cemetary Costs
  • Legal, Tax, and Other Costs

Funeral Home Expenses

  • Embalming
  • Cremation
  1. Purchase of cremation bag
  2. Purchase of cremation casket
  3. Cremation service
  • Casket rental or purchase
  • Urn purchase
  • Viewing Services 
  • Catering
  • Sign-In Book
  • Memory Cards and Programs
  • Flowers
  • Church Service
  • Police Escort
  • Transportation from hospital/home (Hearse).
  • Repatriating costs (the return of the body to one's home country)
  • Charitable donations

Cemetary Costs

  • Faith Service
  • Right of Internment (The purchase of a burial plot or mausoleum space)
  • Opening & Closing Plot
  • Burial Vault or grave liner
  • Headstone or grave marker
  • Installation of headstone or grave marker
  • Perpetual care

Legal, Tax, and Other Costs

  • Lawyer
  • Probate Taxes
  • Carrying costs on a property (during estate freezes)
  1. Maintenance on property
  2. Tax on property
  3. Insurance costs
  4. Mortgage/Rental payments
  5. Realtor Costs
  • Transportation & hotel costs for out-of-town family
  • Accounting costs (final income taxes)
  • Grief and Counselling Services
  • Other Costs

When purchasing insurance for final expense consider one with a pre-claim process for even faster payment.

Talk with an Agent

We are available 7 days a week, from 9am to Midnight. Our trained agents are here to help. Contact us today.

TALK WITH AN AGENT
Share by: