Lots of things matter in life. But nothing matters more than you and ensuring that wherever life takes you, you and your loved ones are covered.
Life is full of ups and downs, with bills to pay and responsibilities to meet. Getting the right life insurance coverage ensures that those ups and downs – as well as bills and expenses – don’t become the responsibility of your loved ones. By protecting your life, you’re protecting the lives of those who count on you the most.
Life insurance is all about peace of mind because it ensures that your beneficiaries will be able to deal with the financial impact of your passing. Life insurance payments can be made monthly, quarterly or even annually. A lump sum life insurance payout means you can manage expenses such as:
Term life insurance offers coverage for a certain amount of time – between 10 and 30 years – depending on your needs and budget. During this time, your monthly or annual premiums remain the same, making it easy to anticipate the costs. Term life insurance can be used for:
Permanent life insurance gives you coverage for the entire length of your life, as long as premiums are paid on time. It is designed to build cash over time that you can borrow against, laying the foundation for long-term financial security. Permanent life insurance can be used for:
In the event of an unexpected illness or debilitating accident that leaves you unable to work or earn an income to support yourself, disability insurance can help protect you and your family financially. In general, disability insurance replaces between 60% and 85% of your regular income, up to a maximum amount. Disability insurance is ideal for those who are:
Sometimes, life delivers a curve ball in the form of life-threatening illness. That’s where critical illness insurance can help. If you’re diagnosed with a life-threatening illness, you will get a one-time lump sum that can be used to cover expenses such as daycare, health care support or renovations should you need to make your home more accessible. The amount received depends on the level of coverage and is usually paid as a benefit after diagnosis of a condition covered by your policy. Critical illnesses may include:
Although universal health care ensures Canadians have access to free public healthcare, some costs are not covered. Depending on the type of health and dental insurance you choose, your policy may include coverage for things like:
We’re glad you asked.
CAA Protect is a full service life insurance company designed to protect what matters most – you, your family and your lifestyle. As part of Canada’s Most Trusted Brand1, CAA Protect offers exceptional customer service, free personalized assessments and access to value and pricing in insurance products.
CAA Protect is owned and operated by CAA North & East Ontario.
PO Box 8350 / STN T CSC,
Ottawa, ON, K1G 3T2