Insurance - Life Insurance

Life insurance's most obvious and significant benefit is the lump sum payment it provides when the insured person dies. This lump sum is paid directly to the beneficiary designated in the life insurance policy and it's not taxable.

The specific need this lump sum payment addresses will vary with your needs, which could include protection for surviving dependants, estate preservation or creation and funding to ensure that an estate is distributed equitably.

The most common use of life insurance is to protect a person's dependants. If that person dies, his or her dependants could have to deal not only with the loss of a loved one, but also the loss of that person's present and future income.

The tax-free, lump sum payment that a life insurance policy provides can replace the deceased person's earnings, pay debts and other liabilities, and cover education costs and daily living expenses.

Companies We Represent:

  • RBC insurance
  • Sun Life
  • Great West Life
  • Manulife Securities Insurance Inc. (MSII)
    • BMO
    • Canada Life
    • Canada Protection Plan
    • Empire Life
    • Industrial Alliance
    • Ivari (formerly Transamerica)
    • Manulife
    • SSQ
    • Equitable Life