PolicyFind works in partnership with over 25 different Canadian Insurance Companies to ensure unbiased and tailor-fit solutions for each client. After conducting a Needs Assessment, our licensed advisors will connect you with the carrier best suited to your specific needs. We work with: Sun Life, RBC, Manulife, BMO, Canada Life, Canada Protection Plan, Desjardins, Foresters, Empire Life, Equitable, Assumption Life, Industrial Alliance, EDGE Benefits, Allianz, Beneva, Humania, Ivari, My Dignity, UV Insurance & Tugo. Click here to get an instant quote online.

You can get an instant quote using our online platform & apply for Life Insurance all within 20 minutes! Approval can take as little as 24 hours. The approval process depends on your chosen insurance company and the requirements needed for underwriting purposes. The good news is that our Licensed Advisors are familiar with the underwriting requirements from each insurer and will provide you with enough information to make an informed decision on where you would like to apply to avoid delays in underwriting & policy approval. Would you like to speak to an agent about underwriting requirements? Call us at 1.888.212.4212.

Mortgage Insurance:

•       Premium is level but the benefit decreases as the mortgage decreases
•       If you choose to move to another Financial Institution, coverage is null & void
•       Bank is the sole beneficiary of the Mortgage Insurance

Term Insurance:

•       Premium is level and the death benefit is ALSO level
•       Your individual term insurance plan follows you wherever you go
•       You choose who you would like to name as beneficiaries on the Policy
•   *Often less-expensive than Mortgage Insurance

The verdict- Term Life Insurance comes out on top! Mortgage Insurance simply does not compete with the value and versatility built into an individual Term Life product. If you’d like to learn more about Term Life insurance, call in at 1.888.212.4212 to find out if Term Life Insurance could be right for you.

The amount of Life Insurance needed for your absolute peace of mind is calculated on a case-by-case basis. Our needs analysis tool generates a recommended coverage amount based on factors such as current liabilities, assets, dependants, outstanding debt, and final expenses. The next step would be to compare rates from over 25 Canadian Insurance Companies using our instant-quoting software.

Alternatively, you can skip the steps above and call in to connect with a Licensed Advisor at 1.888.212.4212. Our team will help you calculate the amount of coverage needed and match you with the insurance company best suited to your financial goals.

No Medical / Guaranteed Issue life insurance is our solution for hard-to-insure clients. We work with specific insurers that provide products for Canadians with an extensive medical history. If you haven’t applied for Life Insurance due to fear of being denied because of your medical condition(s)- you’re not alone. And we may have a solution for you. Call us at 1.888.212.4212 to learn more.

Most insurance companies have a guaranteed renewable & convertible clause built into their Term Life insurance policies. This means at the end of your term you may do one of the following:

Renew your Term

o   Depending on your age, this option allows you to renew for up to the length of the original term without evidence of insurability (medical requirements).

Convert your Term

o   This option allows you to convert a portion, or all, of your Life Insurance face amount to a Permanent Life Insurance policy without evidence of insurability.

Cancel your Term

o   If your term policy has served its purpose and is no longer needed, no further action is required on your part- the policy will expire at the end of the term.

 

Are you nearing the end of your term and need more information on your options going forward? We’ll review your existing policy for free. Call in for a no-obligation consultation with a licensed advisor. You can reach us at 1.888.212.4212.

our life insurance payment options depend on the product you select. Please see below for more information:

Term Insurance

• Payments will coincide with your selected term
• Ex. A term 25 Life Insurance product will be paid either monthly or annually over 25 Years

Whole Life (Permanent)

• Payments can be made as follows:
• Life-pay: you pay for the lifetime of the permanent policy
• 20-Pay: you pay up the entire permanent policy in the initial 20 years (coverage remains in-force once paid-up)
• 10-Pay: you pay up the entire permanent policy in the initial 10 years (coverage remains in-force once paid-up)

Universal Life (Permanent)

• Payment amount and schedule can be completely customized on a case-by-case basis given the flexibility of this permanent Life Insurance product.

 

The different payment options pertaining to each Life Insurance product has advantages and disadvantages that must be considered in accordance with your specific financial goals. If you want to know more about which product type and payment option may be best- call in at 1.888.212.4212

Life insurance payouts are generally not taxable in Canada. Death benefits made directly to named beneficiaries are tax-free, and beneficiaries don’t need to report the money as additional income. Need more information regarding taxes, beneficiaries, and Life Insurance? Call in at 1.888.212.4212