Life insurance is designed to protect your family and dependants from financial hardship and debt when you are no longer there to provide for them. The death benefit paid from a life insurance policy is a tax-free, lump-sum amount that can be used to replace your income, pay off your debts, pay for funeral expenses and provide for your children or dependents.
The cost of life insurance you purchase depends on your age, gender, health, medical history and lifestyle.
Term life insurance is simple and affordable and provides a financial security when there are major expenses to cover for a specific period of time such as mortgage or child’s education. According to a recent statistics in US, term life insurance is far more popular than permanent life insurance among consumers.
Permanent life insurance plans having lifetime security may be the right fit for you. Some types can build a cash value over time or be eligible to receive dividends.
We also offer no medical or simplified issue life insurance for people who have health issues or medical condition or have a valid work or study permit.
CRITICAL ILLNESS INSURANCE
According to a recent report, 49% of males and 45% of females are expected to be diagnosed with cancer in their lifetime and 9 in 10 Canadians have at least one risk factor for heart disease or stroke. On the other hand, medical advances have dramatically improved the survival rates of people who suffer critical illnesses such as cancer, stroke and heart disease. Recovery may come with a significant financial cost that impacts both you and the people close to you.
Critical illness insurance provides a lump-sum cash payment when you are diagnosed with a listed, life threatening illness. The benefit can be used to cover many costs related to illness — including mortgagee, car, travel expenses or wages of a family member leaving work to help.
Critical illness insurance is a specialized product and needs to be advised by who really understands the product before you decide to purchase.
At CoreService, we partner with a number of insurance companies and help you find the best protection regardless of whether you are in good or have health issue.
To get a no obligation quote,
Or call 844. 762. 1600
Our professional insurance advisors will be happy to find the best solution on behalf of you.