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LIFE INSURANCE BROKER ONTARIO

Sample Quote:

Lucy; 30 Years Old

Non-Smoker, $250,000

Term 10 Policy

$12/ Month

Why use a Life Insurance Broker in Ontario?

Best Insurance Ontario will compare quotes from top insurers in Ontario that best suits your life insurance needs.

Applying for Life Insurance is easier and more than affordable than you think.

Now you have the option to apply online on your own OR apply with one of our experienced advisors through a non face to face app.

Life Insurance 101

Life insurance is a contract between an insurance policy holder and an Insurer, where the insurer promises to pay a designated Beneficiary a sum of money (the benefit) in exchange for a premium, upon the death of an insured person (often the policy holder). 

Life Insurance 101

Depending on the contract, other events such as terminal illness or critical illness can also trigger payment. The policy holder typically pays a premium, either regularly or as one lump sum. Other expenses, such as funeral expenses, can also be included in the benefits.

Life-Based Contracts

 

  • Protection policies: designed to provide a benefit, typically a lump sum payment, in the event of a specified occurrence. A common form—more common in years past—of a protection policy design is term insurance.
  • Investment Policies: Growth of capital by regular or single premiums. Common forms are Whole Life and Universal Life

Reasons to Protect With Life Insurance

Keeping a Home in the Family

Jason and Amy are raising a family while paying down their mortgage. Whatever happens, they don’t want their children to lose their home or be burdened with their debt.

What’s the answer?

Jason and Amy purchased 30-year term life insurance policies to pay off their mortgage. Their wish is to have the home passed down to their children.

Leave Them with Memories, Not Bills

David is the primary wage-earner for his family and worries about a time he might not be there anymore. He wants to ensure his family isn’t burdened by costs for his funeral or unpaid medical bills.

What’s the answer?

David purchased a permanent life insurance policy to provide the funds necessary to pay final expenses. He feels better knowing it might help ease their pain during a stressful time.

Safeguarding Your Family’s Lifestyle

John and Lisa each contribute to their household of seven. They want to make sure the income they provide today is there for the family should something happen to either of them.

What’s the answer?

20-year term life plans put John and Lisa’s concerns to rest. Each policy can be used to help pay off debt and pay the monthly bills in order to maintain the family’s lifestyle.

What if College Dreams are Cut Short?

James and Mary are proud of their daughter who is in college. They hate to think about it, but what if something was to happen to her? Could they pay off the student loans they cosigned?

What’s the answer?

College loan protection coverage can protect James and Mary from the added heartache of paying college debt. The 20-year term life insurance policy they selected can be used to pay off student loans.

Planning for Retirement

Like many of us, Michael is looking for a safe way to ensure his dreams of a comfortable retirement become reality. He is planning to save for the future and wants to guarantee an income during his retirement years.

What’s the answer?

Michael wasn’t sure where to start so he talked to his advisor at Best Insurance Ontario. Best Insurance Ontario offers several retirement savings options like annuities, Registered Retirement Savings Plans (RRSPs) and life insurance planning for businesses.

It’s Your Legacy - Pass It On

Barbara has worked hard to build a good life and wants to leave behind a legacy that matters. She would like to establish a plan that would help her family financially and ensure charitable gifts to her favorite organizations.

What’s the answer?

Barbara purchased a permanent life insurance policy that will provide for her family and her favorite charities. It offers guaranteed cash value accumulation and a guaranteed death benefit.

Smart Ways to Help Protect Your Business

Karen and Susan are partners who put their heart and soul into making sure their business thrives. They want to be prepared in case something should happen to one of them or to a key employee.

What’s the answer?

Karen and Susan talked to their Best Insurance Ontario advisor about how to use life insurance for smart business planning. They purchased a universal life policy to provide funding for a buy-sell agreement and key person protection.

Who Needs Life Insurance?

We all know that we aren’t wired to think about our own deaths. Yet, Life Insurance could be the most important financial protection for you and your family.
If someone depends on you financially, chances are you need life insurance.
If you depend on your paycheque, you will need Disability and Critical Illness Insurance to protect your ability to earn money.

As a Life Insurance Broker in Ontario, we will help you determine how much coverage you need and which insurer has the best product for your needs.

FAMILIES

If a loved one will suffer financially when you die, you will need life insurance to provide a TAX FREE benefit for your family after your death.

CHILDREN

Life insurance and Critical Illness Insurance are emotional decisions to make when it comes to children. Here are some factors to help you decide.

SENIORS

Depending on the size of your estate, your heirs could be hit with an estate-tax payment of up to 45% after you die. Life insurance can relieve that burden.

SINGLES

Protecting yourself with life insurance when you’re young will ensure your future eligibility, even if you have a change in health.

HOMEOWNERS

Your home is likely the biggest asset you’ll ever own. Life insurance can cover your mortgage so you don’t leave that debt for your loved ones

BUSINESS OWNERS

Life insurance can also protect your business. What would happen to your business if you become disabled or died tomorrow?

Flexible appointments

 647-809-8885

COMPARE SAVE PROTECT

Working with a Life Insurance Broker in Ontario, will get you the Best Life/ Critical Illness/ Disability Insurance Quotes online.

647-809-8885

info@bestinsurance-on.com

Toronto, Ontario