Although you may be thinking, “I’m young and healthy. I don’t need life insurance,” the unexpected can happen. Life insurance helps you plan in advance by providing financial protection for the ones you love. Some policies can also help you save for your child’s education, pay off your mortgage, or play a role in your retirement plan. Let’s talk about how we can best prepare you and your family for the future. Ask us for a free, personalized needs analysis. With the help of our Future Success Planning™ system, we can tailor a plan that’s as individual as you are.
At The Co-operators, we insure people today the same way we did in 1945… with care. Discover how the values of our past can provide peace of mind today.
Our company was started by a group of hard-working Canadians - people like you. They were farmers who wanted to protect their families and everything they had worked hard to achieve. So, they pooled their resources and started an insurance co-operative. They believed by working together they could build a more secure future for all and offer insurance based on fairness, integrity and value. It was a different kind of insurance company back then, and it’s been that way ever since.
A True Canadian Champion
The Co-operators is the leading Canadian-owned multi-product insurer with over 600 locations across the country. Together, we protect over one million Canadians with the same care and personal service that have made us a true Canadian champion for 60 years. Ask us about our complete line of insurance and investment products.
Visit our website at www.cooperators.ca
Have you protected your family’s financial future?
Buying life or health insurance may be the last thing you want to think about. But a key benefit of having it is the peace of mind that comes from knowing your family’s financial future is protected.
Why not insure your mortgage with life insurance?
If you have a mortgage, it makes sense to be insured. But if you insure your mortgage through the bank, the bank becomes the beneficiary – not your family. When you buy mortgage life insurance from The Co-operators, you own and control the policy and can select the features that best meet your needs. So, your family can use the proceeds however they decide. And the coverage remains the same, regardless of the mortgage balance. Life insurance coverage is fully portable across mortgages, and our term insurance is guaranteed renewable regardless of health conditions.
If you became critically ill, is your family protected?
Treating and coping with a critical illness can be costly. That’s why we offer two plans to help protect everything you’ve worked hard to achieve. Mortgage Guard® goes beyond traditional mortgage insurance plans. That’s because, in addition to life insurance coverage, it can also include disability insurance and critical illness protection. These special riders can help you maintain your lifestyle, assist with mortgage payments, and get the best medical treatment available. Critical Assist® will help you protect your lifestyle during a health-related financial crisis. It provides a lump sum to ease
the impact of a critical illness and you can use the funds to pay for medical treatments or replace lost income. Mortgage Guard® disability, and critical illness riders and the Critical Assist® plan include the
Best Doctors® service – at no additional cost to you.
Best Doctors® means the best medical advice for you.
If you’re diagnosed with a critical illness, we believe you deserve the best medical advice available.
That’s why Critical Assist® and Mortgage Guard® incorporate the Best Doctors® feature, providing quick access to over 50,000 doctors recognized as the best by top specialists. You can feel confident knowing you will find the best care, at home or abroad. Best Doctors® can help you understand your options and provide your healthcare professional with a valuable ‘second opinion.’
It’s never too late to think about life insurance.
As you get older, most policies become more expensive and difficult to obtain. But with Responsibility® life insurance, you just need to answer a few simple questions and you’re done. There are no medical tests or doctors’ reports to fill out. And if you qualify, coverage begins immediately. It’s a simple and affordable way to protect your family.
There are basically two types of life insurance – permanent policies and temporary policies.
Permanent insurance, like our universal life, is designed to provide lifelong financial protection, as long as the policy is in force.
Temporary insurance, known as term insurance, provides financial protection for a specified period of time and then expires.
Universal life gives you maximum flexibility and lifelong financial protection.
Whether you’re single or have a family, own a business or a farm, universal life can grow and adapt with you throughout your lifetime. Some of the main benefits of a universal life policy include:
Permanence – Universal life enhances your financial security. It accumulates account value and can provide a legacy for those you love or money for your retirement. Once you determine your own specific objectives, you can customize your policy to help you achieve those goals.
Flexibility – You can decide how much life insurance you need then adjust the death benefit and premium payments as your needs change. You can also add on an automatic insurance increase or return of premium feature, to help your coverage keep pace with inflation.
Tax Advantages – There’s a chance for tax-deferred growth on your savings, which is particularly helpful if you have already maximized your RRSP.
Many Financial Choices – Universal life meets a variety of financial needs – from estate preservation and pension protection to capital gains funding and more. You can also select from a variety of index-linked accounts and guaranteed interest accounts, based on your investment risk profile.
Term insurance is an affordable solution for temporary financial protection.
If you have a temporary insurance need, such as covering a mortgage, replacing lost income while your children are young, or certain business obligations, then term insurance is an affordable solution.
With a term policy, premiums remain constant for a specified period of time. However, your premium will increase when the term policy is renewed.
Features of term insurance include:
• Coverage extends to age 75 or 80, provided premiums are paid.
• There are three options available:
~ Premiums increasing every 10 years to age 80
~ Premiums level for 25 years then increasing every 20 years until age 80
~ Premiums level to age 75
Benefits of term insurance include:
• Short-term coverage at affordable rates.
• Choice of monthly, semi-annual or annual payments.
• Convenient bank debit payment available.
• Death benefit fully guaranteed while policy remains in force.
• Up to age 65, policy can be converted to one of our permanent policies without evidence of insurability.
• Versatile Term® insurance plan (renewable to age 80) provides lower premium rates for Canadians who lead a healthy lifestyle and meet our preferred rate classification requirements.
If you would like more information on any of these insurance plans, just give us a call. We can answer any questions and give you a free, no-obligation needs analysis.
Visit our website at www.cooperators.ca
