Life Insurance

Insure what matters. At Covenant Wealth Financial Services, we believe that your financial security should include comprehensive life insurance that is tailored to you and your family’s needs. Before receiving your personalized life insurance quote, discover which coverage best reflects your financial goals and insurance needs.

Choosing Life Insurance Policies

With many policies available, it can be difficult to determine the best financial course for you. It’s important to choose a life insurance policy to protect your investment and provide coverage, not only for you, but also for your family members. Choosing the right life insurance policy can provide assistance with the following unexpected life events:

  • Lost income
  • Sudden medical expenses
  • Final expenses
  • Capital gains taxes
  • And more

Browse our insurance policies and compare and contrast each one to find the coverage you need. If you have any questions, we can help you find the solution that offers the best coverage for your assets.

Term Life Insurance

Term life insurance puts a definite time period on your life insurance. It’s a straightforward and cost-effective way to enjoy financial protection for you and your family. Our term life insurance can be selected with the following terms for greater flexibility:

  • 10-year term
  • 20-year term
  • 30-year term
  • 40-year term

If your insurance is nearing the end of the term, it’s easy to alter the term length or switch to more extended and comprehensive coverage, like universal life insurance or whole life insurance.

Shorter terms are typically used if you have short-term financial commitments that will be resolved after 10, 20 or more years. For example, if you’re expecting to pay off your mortgage or student loans in the next 10 years, a 10-year term life insurance policy may be right for you.

Universal Life Insurance

As a tax-effective investment opportunity, universal life insurance provides lifetime coverage and offers interest on a portion of your policy capital. A universal life insurance policy allows you to access emergency funds should you need assistance for an illness or financial need during retirement.

A universal policy can help you better plan and protect your estate. Beyond the premium that is used to purchase your insurance, you’ll enjoy non-taxable savings that can be used to support your family. For this reason, universal life insurance is an excellent way to build an inheritance to pass on to future generations.

Universal life insurance interest rates and monthly premiums vary. This can mean that you may owe a larger premium than expected. However, it also allows you to be flexible with premiums as needed. Depending on your situation and the cash value you’ve accumulated in your policy, you may be able to borrow against the value for sudden expenses in your retirement.

Whole Life Insurance

Choose a permanent life insurance policy that helps provide stability throughout your lifetime. A whole life insurance policy offers fixed, stable payments with no surprise costs. Budget your life insurance and rest assured that your rates won’t go up without altering your policy. Your payments won’t rise and fall with interest rates, which can help provide peace of mind.

Whole life insurance can also offer you protection from unexpected financial constraints. Any value-growth cash is tax-deferred and able to be taken out to pay for emergency needs.

Critical Illness Insurance

From heart attack to a cancer diagnosis, a critical illness is an unfortunate reality for many Canadians. A debilitating illness not only affects your health, it can dramatically affect the financial wellbeing of you and your family. With as many as 50 percent of Canadians facing cancer throughout their lifetime, it’s important to have a plan in place for cancer or other critical illnesses.

Critical illness insurance provides you with the financial protection you need to keep your family safe and afford your medical bills. Ask about the particular critical illnesses that are covered by your policy. Your insurance will not only provide financial support for your medical bills, you’ll also receive financial assistance for day-to-day expenses in order to keep your family safe.

We’ll work with you to provide effective coverage with a competitive monthly premium. Critical illness insurance is one of the most popular policy choice for many life insurance companies. Find out why so many individuals are choosing this coverage.

Disability Insurance

If you lose wages due to an illness, pregnancy or injury, disability insurance provides the financial assistance you need. Make up lost wage with coverage that lasts up to 52 weeks.

From unexpected accidents to sudden illnesses, disability insurance will help you protect your income and continue to make payments and provide for your family. Don’t let disability keep you from earning an income, and don’t worry about attempting to go back to work with a critical illness or injury.

There are many emotional reasons to choose disability insurance as well. A sudden injury or illness can be a trying time. If you’re unable to work, you may be feeling stress, despair or a whole range of emotions. With disability insurance, you won’t have to add financial stress to the situation. Let us help you prepare for the worst so you can enjoy the best life has to offer.

Disability Insurance

FAQ'S

Covenant Wealth Financial Services will help you not only determine the best coverage for you, but also assist you in the application process.
We’re always happy to help you with your current insurance policy. Contact us for more information about how we can help.
If you’re still unsure which policy is best for your situation, or if you want to review specific details about any policy, contact us or use our online chat feature.

Get Started Today

We’re dedicated to fulfilling our mission to help you achieve financial independence. If you’re ready to protect your financial assets and guard your family’s inheritance, contact us today. At Covenant Wealth Financial Services, we’re excited to help you discover the best life insurance rates for your situation. Protecting your finances is easy with our comprehensive list of insurance policies.

Contact Us

Our office

Address : Covenant Wealth Financial Services 2095 Thompson Street Innisfil, ON L9S 1T1 Canada


Phone: +1 705-719-7125

Email : info@covenantwealth.ca