Life Insurance

• Life Insurance
• Living Benefits
• Travel Insurance
• Critical Illness Insurance
• Disability Insurance
• Long-Term Care

Features

• We shop the market for the product to suit your needs.
• Cost effective solutions to suit your budge.
• Benefits are paid to your family not to a lender.
• Business protection.

Why

• Provide a legacy to your heirs.
• Protect your family and assets from a tragic event.
• Tax deferred growth on investments.
• Provide funding to pay off debts.
• Provide an income while children are young.
• Provide money to pay for children’s education.

What are some Life Insurance options?

• Term Insurance for the amount of time you need it.
• Whole Life, protection for life with cash values.
• Universal Life, term and/or whole life protection with tax deferred investment option.
• Pay annually and save money.

Whatever your stage in life, Achieve can help you feel financially secure with a life insurance plan. Whether it’s family protection, business continuity, or estate preservation, our plans are designed to meet your specific needs.

Using the strength of Canada’s leading life insurance companies, we offer a wide range of innovative insurance products.  They are supported by the most effective, value-added services on the market today.

Determining your Life Insurance needs

We have a process, tools and options to determine the right coverage to suit your needs and budget.

1. Using your financial situation we enter the information into the software to determine the right coverage.
2. Determine the Beneficiary. The beneficiary whether it’s, family, business partnership or your estate. Life insurance will serve a purpose, of protecting your wealth.
3. Provide you with a proposal, solution and options.

Determining the Right Insurance Solution.

• Term Insurance - Affordable coverage for short or longer term needs such as business loans or mortgage protection.
• Whole Life Coverage - Life time coverage using participating life insurance with a fixed premium.
• Universal Life - Life insurance options (term and whole life) with and investment component.

Term Life Insurance

One of the most common uses of Term Life insurance is as "Mortgage Insurance" which is offered by banks and large financial institutions to provide funds to pay off a mortgage in the event of the premature death of a mortgage holder.

Term life however comes in many different flavours, with differing terms and conditions, guarantees, etc. As with any financial services product, it is wise to do your research and seek professional advice so that you purchase a product which best meets your needs.

Term life can be purchased in many ways. Your employer may offer term life with special terms as a benefit to you and your family. Many affinity groups (alumni associations, professional groups, etc.) offer special products. Although term insurance may be available from many sources, purchasing an individual policy provides the best features and flexibility and often at a better price.

• Family Term is the ideal choice for both temporary and life-time needs of families. It gives you assurance that your entire family will be taken care of when you die. It can provide an ongoing income to maintain your family's current lifestyle, pay off your mortgage or debts and provide money for your children's education.
• Business Term is a perfect choice for business owners. If you or a key person were to die unexpectedly, insurance can ensure that your business continues to provide enough funds for your beneficiaries to cover potential capital gains taxes and possible debt repayment and or partnership buyouts. Using customized low-cost life insurance protection designed to fit your company's specific needs and cash flow.
• T-100 for estate planning. Designed for individuals between the ages of 60 and 85 and offers protection to ensure your estate remains financially secure and that your capital gains are protected.

Whole Life Insurance

Whole life insurance provides permanent, lifetime protection for a level premium. Depending on the plan you buy, whole life insurance spreads the cost of your coverage over the lifetime of the policy or over a limited period of time.

Universal Insurance

Universal life Universal Life policies include insurance and savings in a single tax-advantaged plan.

With Universal Life you have the ability to change your coverage, deposits and investment choices in response to your changing needs, conditions, or circumstances. Deposits are applied to the policy as they are paid each month or year. The insurance company deducts the insurance administrative costs from the deposits. The balance of the deposit is then applied to the saving account, which is made up of an investment mix which you may often select and manage.

Universal Life policies offer a selection of investment options within the policy. As a result, these policies can develop significant cash values which the owner of the policy may use through surrender, policy loans or leveraging. The excess deposits and cash value accumulates in the policy on a tax-deferred basis. Provided your policy value does not exceed an amount prescribed under the income tax act.

Need help with your options, contact Achieve Financial!