LIFE INSURANCE – CORNERSTONE

LIFE INSURANCE IN ALBERTA

Life is precious and often unpredictable. Take away the uncertainty that life throws at you by protecting your family or business with life insurance.

WHAT IS OFFERED?

You may already have insurance to protect many of your greatest assets and belongings, but there’s nothing more precious than your health and well-being (and the health and well-being of your family).

WHY LIFE INSURANCE?

There are many types of coverage. If you find yourself in any of the following situations, here is the type of coverage you might consider:

You just got married – consider Term or Permanent Life Insurance for you and your spouse.
You just bought a new home – consider Term Life Insurance to cover the mortgage.
You just had a baby – consider Universal Life Insurance for your children.
You own a successful business or you’re starting a new one – consider providing a Group Benefits Plan for your employees.
You’re in a partnership – consider Key Person Protection and/or a Buy-Sell Agreement.
Saving money for a new home, school or retirement – consider Segregated Investment Funds.
You’re worried about finances if you become critically ill or disabled– consider Critical Illness coverage or Disability Insurance.

Learn More About Term & Whole Life Insurance

TERM LIFE INSURANCE & WHOLE LIFE INSURANCE – CORNERSTONE

Nothing can take away the emotional and physical pain your family will have to endure when you become injured, critically ill, or worse; face an untimely death. However, with a reliable life insurance policy, you can be at peace knowing that your family’s financial needs are well taken care of.

TERM LIFE INSURANCE POLICY: PROTECTING YOURSELF AND YOUR FAMILY

If you have specific life insurance needs, are paying off debts or mortgage, or want to protect your income until your children or spouse are no longer dependent on you, then term life insurance is what you need. The term life insurance that is best suited for you is based on several factors, such as:

Length of term
Amount of coverage
Your age
Gender
Smoker or non-smoker
General health status

Group or employee life insurance packages are also available. Typically, companies will cover one- or two-years wage replacement for their employees, depending on the budget the employer has for the insurance plan.

WHOLE LIFE INSURANCE THAT LASTS A LIFETIME

It’s one thing to provide financial protection for you and your family over a certain period, but securing whole life insurance is something to consider as well. A whole life insurance policy is a type of permanent life insurance. It’s ideal for people who are looking for reliable life insurance to cover final expenses, generational wealth transfer, or estate planning.

Premiums are determined based on your goals and the insurance fine-tuned to accomplish them. The whole life insurance that is best suited for you is based on several factors (similar to term life insurance), including:

Length of term
Amount of coverage
Your age
Gender
Smoker or non-smoker
Your general health

Unlike term insurance policies where premiums increase over time, whole life insurance premiums, in many cases, will stay consistent for the life of the policy. Alternatively, it can also be fully paid within 10 or 20 years, or at age 65. It can also be stopped at certain points based on the policy’s cash value. Whole life insurance policies cover, but are not limited to:

No cash-value option
Cash-value option
Participating dividend option
Non-participating dividend option

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HAVE YOUR POLICY REVIEWED

The type of life insurance you choose should fit well with your long-term financial plan. If you just wish to discuss your Life Insurance options or have your current policy reviewed, please email Gilles Wilvers or call him at 780-445-0634 for further information or a quote.