You can use life insurance to pay projected estate taxes and protect your estate.
We offer best life insurance policies for your family:Thinking about your own death or the death of a loved one can be a scary prospect, but life insurance can help take some of the economic sting out of a sudden loss. You’ll never be able to replace the intangible things a lost loved one brought into your life, but the hard reality is that a spouse or parent may be the only thing separating you from financial turmoil. The purpose of life insurance is to fill in the gap of lost income when a loved one dies.
Medical advances have dramatically improved the survival rates of people who suffer critical illnesses such as cancer, stroke and heart disease. Recovery may come with a significant financial cost that impacts both you and the people close to you.
Critical illness insurance from Sun Life offers the financial help to pay the costs associated with life-altering illnesses. If you become sick with an illness covered by your policy and survive the waiting period, you’ll receive a lump-sum cash payment. And, unlike reimbursed health insurance benefits, you decide how to spend the money.
Disability insurance is designed to replace a portion of your income if you become disabled and are unable to earn an income. A disability can result from a number of causes, including an injury, a serious illness or a mental health issue. And the duration of a disability can be either short- or long-term.
There are different kinds of disability insurance coverage, including individual insurance plans and group insurance plans, as well as government plans such as workers’ compensation and benefits provided under the Canada Pension Plan.
The Canadian government introduced Super Visas in 2011 to manage the backlog of applications received from visitors who wanted longer stays in Canada.
Valid for up to 10 years, the Super Visa is granted to qualified parents and grandparents of Canadian citizens and permanent residents. Unlike the regular visitor's visa that allows someone to remain in Canada for only six months, the Super Visa allows a stay of up to two years with an option to apply for an extension.
Your home is likely the biggest asset you’ll ever own. So how can you protect it in case something were to happen to you? Homeowners have a few options to choose from, like mortgage insurance and mortgage protection with life insurance.
It helps pay for things provincial health care plans don’t cover: prescription drugs, dental, hospital, vision, paramedical and ambulance services. Coverage is similar to a group benefits plan.