You cannot control all aspects of the future or of your health, but you can determine the financial outcome of difficult situations. You can choose to protect yourself, your family and even your business. Because each person is at a different stage in their life, at ALL Financial Services we take the time to tailor your needs to your personal situation. Together we will determine what is important to you, and we will help you choose the right path. Through a financial needs analysis, we will recommend both the right types and amounts of insurance coverage most suited to your needs. Furthermore, as unbiased brokers, we will recommend the insurance company most suited to provide this coverage.
Insurance
Life Insurance
What do you want to happen when you die?
Personal Life Insurance can be designed specifically for your needs. There are several types of insurance products such as Universal Life, Whole Life, and Term Products. Although each product has its own structure, they all have the same outcome: to pay out a pre-determined lump sum payment upon your death. Term products are generally less expensive in earlier years and can expire. Level cost Universal Life or Whole Life products are usually costlier; however, the cost does not increase and the policies are permanent (do not expire). Together we determine your needs, your needs are determined, and the right type of coverage is recommended. Your beneficiary decides what they do with the payout. Some people choose to pay off their mortgage, pay off their debt, invest in their children’s education, invest in retirement, live off the money or, in some cases, to leave it as an inheritance.
There are several life events that may trigger a need for life insurance or the need to re-evaluate your current life insurance coverage:
Buying a home or other type of property
Getting married
Starting a family or the birth of new grandchildren
Loosing a parent or spouse
Children leaving home for college
Planning for your estate
Starting a business
Clearing of debts
Disability Insurance
What do you want to happen if your ability to work is compromised because of an illness or an injury?
Personal Disability Insurance is a form of protection that replaces a portion of your income in the case where an illness or injury impacts your ability to work. Your most important asset is your health and that ability to earn income. Should something happen that affects your health; this will have a significant impact on your life. Many people rely on their group insurance for this purpose; however job stability is not what it was therefore some personal coverage is recommended. Whether you are a professional, a business owner, an executive or an employee, we can find a product designed for you.
Critical Illness Insurance
Do you know anyone who has survived a severe illness such as a heart attack, stroke or cancer? Did it have an impact on their lives or those close to them?
Personal Critical Illness Insurance is a form of protection that provides you with a pre-determined lump sum payment (ex. $100,000) 30 days after the diagnosis of a Covered Critical Illness. This type of coverage provides you with financial peace of mind while you focus on recovery. The lump sum payment can be used at your discretion. Some people use it to pay their mortgage, to cover lost income, to pay for a private nurse or special medical equipment, or even for out-of-country treatment. You decide what is important and what you do with this payment if you are diagnosed with an illness or injury.
*Covered Critical Illnesses: Alzheimer’s Disease, Aortic Surgery, Aplastic Anemia, Bacterial Meningitis, Benign Brain Tumour, Blindness, Life Threatening Cancer, Coma, Coronary Artery Bypass Surgery, Deafness, Heart Attack, Heart Valve Replacement, Kidney Failure, Loss of Independent Existence, Loss of Limbs, Loss of Speech, Major Organ Failure on Waiting List, Major Organ Transplant, Motor Neuron Disease, Multiple Sclerosis, Occupational HIV, Paralysis, Parkinson’s Disease, Severe Burns, Stroke and Early Discovery Benefit.
*Important note: Please refer to the recommended insurance company’s contract for specific definitions for the covered conditions and the requirements you must satisfy to receive benefits.
