CAA Protect insures what matters most – you, your family and your lifestyle.
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.
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Insure what matters
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.
What is life insurance?
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:
- replacement income for your family
- providing for your children or dependents
- paying for funeral expenses
- paying off your debts
- making a gift to charity
- leaving money in trust or to your estate
What is term life insurance?
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:
- Covering larger expenses, such as replacement income
- University tuition
- Mortgage payouts in the event of your death
What is permanent life insurance?
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:
- Estate planning
- Retirement income
- End-of-life expenses
- Lifelong need
What is disability Insurance?
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:
- Self-employed
- Sole income earners who need additional financial security to cover major expenses after loss of income
What is critical illness insurance?
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:
- Cancer
- Alzheimer’s disease
- A heart attack
- A stroke
What is health and dental insurance?
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:
- Special nursing services, ambulance services, wheelchairs, and other durable equipment
- Supplement your income if you suffer a major illness or severe injury
- Basic Extended Health Care (EHC) to help cover your basic healthcare-related expenses. EHC benefits provide you with added coverage. Vision Care is included
- Adding optional drug coverage can help cover many out-of-pocket expenses for prescription drugs and dispensing fees
- Adding on optional dental coverage can lower the number of dental expenses you’ll have to pay out-of-pocket
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Who is CAA Protect?
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.
Privacy Policy
Protecting your personal information and respecting your privacy is important to us. CAA North & East Ontario’s ongoing commitment to protect the privacy and confidentiality of your personal information is addressed in this Privacy Policy. Our policy complies with the requirements of the Personal Information Protection and Electronic Documents Act of Canada and the Canadian Standards Association Model Code for the Protection of Personal Information.
For more information, visit Privacy Policy – CAA North & East Ontario.