Life Insurance

Helping families when they need it most.

Purchasing life insurance could be the most important step you take when it comes to protecting your family’s future. When you pass away, having the right amount of life insurance will provide your family with a future that is financially secure.

There are many philosophies regarding which life insurance product you should buy, for example, term vs permanent or a combination of both. Our advisors believe in “Needs Based Selling”. Because there is no “one-size-fits-all” solution when it comes to life insurance, our advisors begin with a complete Needs Analysis, which helps them understand your unique needs. Your advisor will explain the options available, and make recommendations based on your analysis. Our goal is to find a solution which meets your needs and gives you peace of mind.

To find out more about the life insurance products the advisors at KRG can provide, click on the links below. To have one of our advisors contact you, CLICK HERE.

Term Insurance

Term insurance is often a good option to meet the needs you have currently, which may only be temporary. Term coverage tends to be the least expensive form of life insurance, designed to fit comfortably within your budget. This type of insurance is typically for individuals or families looking for:

  • mortgage or debt protection
  • income replacement
  • coverage for final expenses
  • financial security for their family’s future
  • estate planning (Term- Life)

 

You can insure your spouse, along with dependent children or grandchildren on a single policy. Term policies come with a lot of customizable options. Some options include:

  • Choose your term: Term 10, Term 20, Term 25, Term-to-65 or
    Term Life
  • Insure multiples lives
  • Coverage amounts (death benefit) can be customized as your
    needs change
  • Apply for single, joint or combined coverage
  • Renew at guaranteed rates
  • Covert to equal or less permanent coverage without additional
    underwriting
  • Add coverage or dependents with a wide range of riders.

 

Term insurance is an easy and affordable way to purchase life insurance, while ensuring financial security for your family. Best of all, if there is a beneficiary, the death benefit is paid TAX FREE!

Don’t like needles? Ask us about our NO MEDICAL life insurance! Quick, easy and guaranteed acceptance!

Want to learn more? Call or email an advisor today.

Universal Life

Universal life insurance is a form of permanent life insurance. It’s purpose is two-fold: it provides a tax-advantaged way to invest and build additional wealth overtime, within a permanent insurance policy. UL policies are a great way to protect temporary and permanent needs, with flexible deposit options.

You’ve probably heard the saying “buy term and invest the rest”. Universal life insurance is a way to accomplish just that! Every month, when you pay your premium, a portion of that premium pays the cost of insurance and administration. The rest goes into an investment account, which earns a return. The best part is, the investment portion grows on a tax-advantaged basis within your policy. That means as long as the growth in the investment account doesn’t exceed the amount prescribed under the Income Tax Act, the growth isn’t taxable. A great way to save for the future!

Permanent policies are an affordable solution for young people, often purchased by parents for their children. The cost of insurance is significantly lower the younger you are. Often these policies can be set up to take deposits for 20-30 years, so the individual can pay for their insurance during their working years and have it protect them
and their loved ones in their retirement years.

Want to learn more? Call or email an advisor today.

Whole Life

A Whole Life policy is very similar to a Universal Life policy in that it is a permanent insurance policy that combines the insurance, administrative and investment portions. But, rather than flexible deposit amounts, which you have with UL policies, the WL policyholder is obligated to pay a fixed premium monthly, for a certain number of years. It’s like a forced savings plan.

The investment account grows overtime, through excess premium deposits, and dividend payouts. Like UL policies, the death benefit and investment account value can be passed on tax-free to a beneficiary or left to your estate.

Many people choose to combine Whole Life or Universal Life policies with Term policies. WL or UL policies tend to be more expensive and Term policies are much more affordable. WL and UL are a great option for permanent expenses, such as a funeral or other final expenses. Term is best suited for more temporary expenses, such as mortgages, childcare, education, income replacement during employment years and debt.

Want to learn more? Call or email an advisor today.

Critical Illness

Most of us know someone who’s been diagnosed with, or suffering from, a critical illness. These illnesses don’t just affect the individual physically and emotionally, but also financially. Whether it’s certain drugs, lifestyle changes or time away from work for frequent treatments or doctor visits, the costs can add up. Many expenses associated with a critical illness are not covered by government or employer health care plans. They are instead paid for by the individual and their family.

When confronted with a serious illness, the last thing you want to be concerned with are the costs associated with getting better. That’s where a critical illness policy jumps into action. A CI policy pays a lump-sum benefit when you become critically ill and satisfy a short waiting period. This benefit can be used however the policy holder
needs:

  • Financial Needs: income replacement, paying down debts, preserve personal savings, retirement funds or other investments, mortgage payments.
  • Health Care Costs: alternative treatment options, medical equipment or expenses not covered under provincial or group health plans.
  • Lifestyle Changes: home repairs or modifications, vehicle upgrades, personal or family pursuits.

 

If any of us end up seriously ill, life suddenly becomes about recovery, and with a critical illness policy, recovery can be your only focus.

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Disability Insurance

During your working years, protecting your income is an important focus. Should something happen, which prevents you from working, how would you maintain your lifestyle or pay your bills? Disability affects people of all ages from all walks of life. It’s important to consider protecting your income with disability insurance as soon as you’re eligible for coverage.

Disability Insurance can provide you with financial security by replacing a portion of your income if you are unable to work because of an accident or illness. This monthly DI benefit can help you and your family maintain your lifestyle and savings, while you focus on recovery.

It’s best to purchase disability insurance when you’re young and in good health, this is when you’ll get the most affordable rates!

Want to learn more? Call or email an advisor today.

Group Health & Dental Insurance

Your company is constantly growing and evolving, with new challenges surfacing every day. Wouldn’t it be nice to make the health of your employees one less thing to worry about? By implementing a benefits package you’re not only helping to create a healthier work environment, you’re also proving your desire to retain and attract valued employees.

A benefits plan can be simple to set up and designed to suit your needs. Plan types can range from life and health benefits, including prescription drugs, to full plans with disability, critical illness, vision and dental coverage. Plan designs can be as simple or as comprehensive as you need. Also, because your contributions to a benefits plan are
deductible as a business expense and non-taxable to your employee (in most provinces), it can potentially be more valuable than a pay increase.

Top 10 reasons to implement a company group benefits program:

  1. You get a competitive edge in the job market
  2. You get a cost-effective method of providing employees with coverage for medical/dental bills – protecting employees and their families
  3. You get a tax-deductible business expense
  4. You build morale and enthusiasm among your employees by demonstrating your concern for their well-being
  5. You provide financial protection for your employees and their families
  6. You provide a tax-effective form of compensation to your employees
  7. You help employees alleviate the added burden of government cost-shifting
  8. You address the special needs of some employees with coverage available without any medical questionnaires to complete
  9. You will have access to services like counselling referral programs that help employees deal with issues stemming from work or home
  10. You will get peace of mind in knowing that both you, your employees and their families are well taken care of

 

Want to learn more? Call or email an advisor today.

Individual Health & Dental

Why pay more for healthcare if you don’t have to! Paying out of pocket for prescription drugs, vision, dental care and chiropractors can get expensive. When you need certain treatments, do you hesitate because of the cost? What if you didn’t have to?

Individual Health & Dental plans provide coverage for:

  • Prescription Drugs
  • Dental Services
  • Home Care and Nursing
  • Accidental Dental Services
  • Registered Specialists and Therapists (massage, chiropractor, etc…)
  • Vision Care
  • Emergency Travel
  • Hearing Aids
  • Medical Equipment and Supplies
  • And more…

 

Our government health insurance may not cover these kinds of expenses, which may cause us to neglect our health. This is where an individual health and dental plan can help you and your family save on expenses like these and many more!

Individual health and dental plans are as unique as you are! You can customize a package to suit what you and your family needs, without paying for extra coverages you won’t use. There are a variety of different health and
dental plans that can help cover routine and unexpected healthcare costs not covered by the Government Health Insurance Plan. There are even plans with guaranteed acceptance- which means no medicals!

Get a Quote

Travel

Is travel insurance on your packing list? Don’t leave the province without it! No one expects to have a medical emergency while away from home, or to have to cancel a trip due to an emergency. But these events happen and they can be very expensive and disruptive. Travel insurance is an affordable way for travelling Canadians or visitors to Canada to ensure they’re covered for emergency medical costs while abroad or cancellation charges associated with an emergency before they leave.

Your group coverage or credit card may provide you with some emergency medical travel insurance, but is it enough? With many plans the answer is no. Buying travel insurance can help you top up most types of coverage.

Out-of-Province travel? Whether you’re travelling to the U.S. for a business convention or overseas for the trip of a lifetime, we have several plans to choose from including:

  • Single-Trip
  • Multi-Trip
  • All Inclusive
  • Travel80
  • Student Travel

 

Family or friends planning to visit or move to Canada? Visitors to Canada need travel insurance too. If your parents or grandparents are planning to visit on a Super Visa, it’s mandatory that they’re covered with a minimum of
$100,000 in Canadian medical travel insurance.

Snow Birds? Make sure you’re covered before you take flight! Have you been declined a standard travel policy? No problem! We can help, call us today.

Protect yourself and the ones you love from the sun, and unexpected medical costs!

Get a Quote

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