Term Life Insurance is life insurance for a set period of time. If the insured dies during this period, the beneficiary receives a lump sum of tax-free money. Term Insurance is ideal for young families with a limited budget where as much insurance as possible is required to secure the family's well being, or in business situations such as buy-sell agreements, for mortgage coverage, or to fulfill other temporary needs.
Whole Life Insurance provides permanent coverage with level premiums and a guaranteed death benefit. It is perfect for people who think long term and whish to have plan that is not subject to investment gains and losses. The policy also gains cash value over time, allowing for flexible cancellation options. Furthermore, though coverage is life-long, you do not have to pay premiums for life. You can purchase the insurance in a predefined number of payments: the shorter the payment period, the large the discount.
Universal Life Insurance is permanent insurance with the added feature of having a tax-sheltered investments portion built into the plan. Universal Life pays off precisely at the moment when significant costs and tax implications are triggered. This timing, along with the tax-sheltered savings feature, makes Universal Life Insurance a powerful financial tool in estate preservation, leveraging, buy-sell agreements, charitable giving, and pension maximization. The tax-sheltered status of it's investments component can also allow it to help pay for itself.
Disability Insurance provides an alternate income in case of injury or illness that leaves you unable to work for an extended period of time. It is ideal for anyone who earns an income and does not have disability insurance through their employer. Depending on your profession, it could provide income during times of inability to perform your "own occupation," even though other sources of income continue. More importantly, it can provide the family's income when you can't.
Critical Illness Insurance pays a lump sum of tax-free money 30 days after the diagnosis of a covered illness. It is like having your own private health care program: If you do not wish to wait in line for health care, you can seek professional services elsewhere. Insurance companies now cover up to 21 major illnesses, and you decide how to use the money (to pay down the mortgage, take a vacation, or provide family income).
Long Term Care Insurance provides a daily benefit for in home or nursing home care. Ideal for those approaching retirement age, long term care insurance means peace of mind knowing that you will never be a burden to your loved ones. Long Term Care easily erodes one's life savings costing upwards of 40 to 60 thousand dollars a year, making this form of insurance a must for retirees.
Health & Dental Insurance covers many common medical expenses that the Government Health Insurance Plan does not, such as dental work, prescription drugs, eyeglasses, private and semi-private hospital rooms. If you do not have an employer group health plan – and, therefore, are vulnerable to health care costs not covered by your Government Health Insurance Plan – supplemental health care coverage is important.
Travel Medical Insurance reimburses you for emergency medical expenses incurred while you are traveling or living in a foreign country.
Trip Cancellation Insurance plans reimburse your non-refundable travel expenses if an unexpected crises (e.g., death, sickness, airline strike, travel company bankruptcy) occurs before or during your trip causing it to be cancelled, interrupted or delayed.
Travel Accident Insurance pays you, or your beneficiary (or your estate if you do not name a beneficiary) a lump sum (e.g., $500,000) when an accident results in your loss of life, limb, or eyesight.
Medical Evacuation Insurance covers the cost of transporting a seriously injured or ill person who is traveling abroad to chosen medical facilities.
International Health Insurance is annually renewable medical insurance that is valid all over the world. Wherever you travel, you will be covered.
Multi-trip Travel Insurance plans are designed to make frequent travel easier by combining all the most common travel insurance necessities into one annually renewable plan.