Here's the Plan
When you're midway through life, juggling savings and debt, family and career, the present and the future, it helps to have a Financial Plan. Just like looking at a road-map for your road-trip, it helps to have a written financial plan to project your potential investments and income, as well as detours and roadblocks that may occur as life unfolds. Take a look at this presentation outlining the benefits of having a Financial Plan.
Is your Mortgage covered?
Would your mortgage be covered if you passed away? Are you sure? Would your family be forced to sell? Are you getting good value?
If you buy insurance to cover your mortgage at the bank or credit union, rather than through an independent advisor licensed in Life Insurance, you may not have the coverage you want. There are several problems with mortgage insurance:
- your mortgage may not be paid out if post-death underwriting says you didn't qualify (see just one true story)
- the benefits go down each year, even as premiums remain level
- you don't own the policy that you're paying for
- you don't choose the beneficiary
- mortgage insurance is not portable should you move your mortgage
The pictogram below shows the difference between insuring your mortgage with a bank/credit union vs. with a Life Insurance Advisor
Introducing Manulife Vitality
Manulife Vitality life insurance can help you Live Healthy, Earn Rewards, and Save Money. For the first time, your life insurance has the potential to save you money and reward you for living a longer and healthier life. And best of all, it's fun and easy - so go out and get living!
Vitality is a trademark of Destiny Health Inc., and is used by The Manufacturers Life Insurance Company and its affiliates under licence. Points levels for each Vitality Status and activity are subject to change.
Family Term 101
Family Term insurance is Manulife’s low-cost option which helps meet the traditional protection needs of most individuals and families.
For example, Term insurance provides protection for things like:
- Income replacement
- Mortgage and debt coverage
- Coverage for funeral expenses
- Financial security for a family’s future
- Child Protection Rider
- Total Disability Waiver Rider
- Accidental Death and Dismemberment Rider
- Guaranteed Insurability Option Rider
- Parent Protection Rider
To learn more, click here.
Quick Issue Term - Life insurance for people on the go
Let’s face it – life moves fast. So should your insurance. Manulife Quick Issue Term™ is designed to keep up with your busy life and can help get you covered – fast.
If you’re between 18 and 50, getting the coverage you need, up to $500,000, is simple with Manulife Quick Issue Term because it’s:
- Easy – complete the electronic application with us in minutes - in person or over the phone
- Quick – expect a response in as little as one business day, in most cases
- Convenient – enjoy less intrusive underwriting – no needles or fluids and fewer medical questions
And, with the option to change to permanent insurance, you’ll secure your option to have permanent protection for life.
For more information on Quick Issue Term Insurance, please contact us.
Family Term is a registered trademark of and is offered through Manulife Financial (The Manufacturers Life Insurance Company).
How can I afford coverage for disability, illness, and life insurance?
Many Canadians are finding it a burden to get coverage in the event of disability or critical illness, as well as taking care of debts or loved ones in the event of death. Manulife has designed a unique Combined insurance to protect you, no matter what happens. If you are under the age of 50, you can combine all these benefits into one policy, and the pool will pay out depending on which risk occurs first and on the amount of coverage you select.
This 3 minute video explains how you can get 3 important benefits for one simple premium, and then contact Elaine Kelly for your personalized quote and consultation.
Travel Health Insurance
Whether it's crossing the US border to shop or go to Florida, or crossing the ocean to visit family, we can help. If you are a Canadian going out of country or out of province, you'd better back some travel health insurance.
Health and Dental
If you are one of the millions of Canadians not fully covered by a group or employer health plan, you and your family are vulnerable to healthcare expenses not covered by your provincial health insurance plan. When you have to pay routine expenses like trips to the dentist and prescription drugs, the out-of-pocket expenses can add up very quickly. Select the type of benefits and level of coverage that suit you, your family and your budget. Flexcare offers seven different health and dental plans (3 of which are guaranteed issue) and many add-on benefits so that you can design a health plan that best meets your needs. Click the image to find out more, get a quote, or apply on-line.
Life Insurance, Disability and Critical Illness insurance form a foundation of safety for your financial plan. This video explains briefly the need for insurance to protect from loss of income. This brief video introduces Insure Right, an online service from Manulife
Basics of Life Insurance
When do you need term insurance? When might it be better to use permanent insurance such as whole life or universal life or term to age 100? They are for different purposes, and you'll want to look closer at the strategy most suitable to you. Check out this video explaining the basics of term and whole life insurance and then give us a call to discuss.