Let us help you find the best Life Insurance in Saskatchewan.
With a life insurance broker, we can help you find the right coverage for the right price! Start with a free review with one of our brokers and get the protection you need today!
Click on one of the below topics to unpack your life insurance:
Term Life Insurance
Term life insurance gives you protection for a predetermined period. For example, a 20-year term life policy locks in your premiums and coverage amounts for the entire 20-year term of the policy. After that, unless you cancel, the policy renews annually with new rates.
Whole Life Insurance
Permanent life insurance gives you coverage for your whole life, not just a period of time. It differs from the term life insurance because it typically accumulates cash value, and premiums usually don’t increase as your health and age change.
Disability coverage replaces some of your income if you can’t work because of an injury or illness. This monetary benefit will continue until the benefit period ends or you return to work. It can help you and your family pay for necessary expenses like your mortgage, car payments, utilities, groceries, etc.
Critical Illness Ins.
Critical Illness coverage offers financial compensation for cancer, stroke, heart attack or other debilitating illnesses. Such illnesses can sometimes require recovery costs and even force a leave of absence from work. Therefore, when establishing your policy, you can choose the coverage that meets your specific needs, as recovery costs can vary.
Our Loan Protection coverage is not a one-size-fits-all style policy. Our personalized policies translate to better coverage and premiums that are, on average, 30-50% lower than traditional Creditor Insurance. We can offer you the following:
- Non-commission dedicated advisor with industry experience.
- Regular touchpoints with your advisor to ensure that your plan is working for you.
- Access various services, including habitational, auto, travel, business and farm insurance solutions.
What does life insurance cover?
We tend to think of life insurance as income replacement; it is one of its primary purposes in many cases. If your loved ones depend on your income for their daily needs, life insurance offers you the peace of mind that they’ll have the financial support they need when you’re no longer here for them. Life insurance can help cover final expenses such as funeral costs and debt/loans such as your mortgage, to name a few examples.
How much life insurance do I need?
While having a $1 million life insurance policy sounds nice, you may not need that much coverage. One way to determine how much is enough is to consider future costs for things that are a priority, such as child care, paying off your mortgage, and settling any outstanding debts/loans.
Ideally, when trying to determine the amount of coverage you need, you want to be able to settle your debts first so you don’t leave major expenses behind for your loved ones. A few other additional areas to consider are your income, net worth, family needs, etc.