Employee Benefits - Basic Life Insurance

Life Insurance is an important part of any benefit program. It provides 24 hour coverage of all causes of death. We offer several options, including:

• 2 times annual salary
  
• $25,000 level benefit
  
• $50,000 level benefit
  
• $75,000 level benefit
  
• $100,000 level benefit
  

We also offer stand-alone Life Insurance policies for individuals. The coverage amounts of these 10 year term or 100 year term policies is based on how much insurance you require.

Consider the following:

Life insurance solutions help protect your family’s financial resources in the event of your death.

The proceeds from a life insurance policy could mean that your family or business would not have to sell assets to pay outstanding expenses or taxes. What's more, the death benefit (the proceeds from a life insurance policy) is paid tax-free to the named beneficiary of your policy. Other uses for the death benefit may include:

• Credit card debt
  
• Auto loans, home equity loans and mortgages
  
• Ongoing, monthly living expenses of your family
  
• Legal fees and expenses associated with administering the estate of the deceased
  
• Burial, cremation, memorial or funeral services. In Canada, the average cost for a funeral is between $5,000 - $10,000
  
• A university fund for your children
  
• Spouse’s retirement fund
  
• The cost of education in the event your spouse needs to retrain to go back to work
  

If you would like to discuss Life Insurance, please contact us and we will be happy to provide you with a proposal and policy information.