Guaranteed Income Protection
Retirement Planning begins with incorporating guaranteed lifetime income products into your financial strategy to stay independent and confident to meet life’s challenges.
The Guaranteed Income Protection Insurance Canada Benefit Plan offers, will help you acquire additional financial security and improve your financial wellness. Our guaranteed income assurance is a key component to ensure a smooth road to planning for unexpected.
What’s even more – if you’re unable to work due to sickness or accident, Canada Benefit Plan’s wage loss insurance coverage will pay you a monthly income, whether you’re employed or self-employed or could replace your annual income in case you are unable to work due to a serious health condition. You can also get additional amounts to pay for your monthly loan installments in case of illness or accident.
Guaranteed Income Protection Features and Funding:
- Coverage amounts are available for ages 18 to 70 up to $50,000
- Monthly disability benefit available for ages 18 to 69 from $500 to $10,000
- Instant approval, most coverages issued in minutes
- No Appointments are required, from inquiring quotes to receiving your policy is all at home comfort (e-application to e-policy) for amounts up to $25,000
- No denials due to health conditions or previous decline history
- Access to funds in a situation where you are unable to work due to critical illness (Heart Attacks, Strokes, Severe Burns, Multiple Sclerosis, Cancer, Parkinson’s Disease, Paralysis, Benign Brain Tumor or accidents
- No questions asked, No Medical Exams & No Needleseed life insurance with no health questions or long processing times.
Eligibility:
- Must be between the ages of 18 to 70 for lump sum $50,000 coverage
- Must be between the ages of 18 to 69 for monthly disability benefit
- Must have a valid government-issued photo Id
Every person and every situation is unique, so we offer a variety of guaranteed income protection coverage types.
We’ve chosen to partner with Canada’s leading insurance providers to offer you independent advice on which guaranteed income protection products are right for you.
Guaranteed Income Protection Features and Funding:
- Coverage amounts are available for ages 18 to 70 up to $50,000
- Monthly disability benefit available for ages 18 to 69 from $500 to $10,000
- Instant approval, most coverages issued in minutes
- No Appointments are required, from inquiring quotes to receiving your policy is all at home comfort (e-application to e-policy) for amounts up to $25,000
- No denials due to health conditions or previous decline history
- Access to funds in a situation where you are unable to work due to critical illness (Heart Attacks, Strokes, Severe Burns, Multiple Sclerosis, Cancer, Parkinson’s Disease, Paralysis, Benign Brain Tumor or accidents
- No questions asked, No Medical Exams & No Needleseed life insurance with no health questions or long processing times.
Eligibility:
- Must be between the ages of 18 to 70 for lump sum $50,000 coverage
- Must be between the ages of 18 to 69 for monthly disability benefit
- Must have a valid government-issued photo Id
Every person and every situation is unique, so we offer a variety of guaranteed income protection coverage types.
We’ve chosen to partner with Canada’s leading insurance providers to offer you independent advice on which guaranteed income protection products are right for you.
CALCULATE YOUR BENEFIT AMOUNT
Life Insurance Needs Calculator | Canada Benefit Plan
An easy-to-use calculator to help determine your insurance needs.
Step 1- My debts and final expenses?
The first step is to determine your liabilities (mortgage, loans) and final expenses (funeral costs, tax bills and final medical bills)
Step 2- My family's financial needs?
This step is to consider how much income your family would need and for (how many years) in case of your unexpected death. You are financially worth for your family as your family is depending on your income and financial decisions
Step 3- Are my parents dependent on me?
In this step, you should consider your parents if they are relying on you for basic needs and how they will continue to meet those needs if you are not there.
Step 4 - My favorite charity?
This step is the opportunity to continue to taking care of your favorite charity after your death. What is a better gift than charity?
Step 5- How much are my assets worth?
This final step is to help you evaluate your financial position and add up your total debts (mortgage, loans etc.), final expenses (funeral costs, tax bills, medical bills etc.) family’s financial needs (family income needs for the desired number of years, family emergency need, children education costs, child-care expenses etc.) Dependent parents’ financial needs (parent support, parents funeral cost etc.) charity (lumpsum donations) and subtract all this from your total assets to calculate your life insurance needs.
-RESULT SUMMARY-
| Mortgage | $ {{quantity}}.00 |
| Debts | $ {{price1}}.00 |
| Expected final expenses | $ {{price2}}.00 |
| Current Annual Income | $ {{price3}}.00 |
| Family's income after death | $ {{price4}}.00 |
| Years of income needed | {{price5}} Year/s |
| Emergency funds for family | $ {{price6}}.00 |
| Expected childeren education cost | $ {{price7}}.00 |
| Expected child care expenses | $ {{price8}}.00 |
| Amount for parents after death | $ {{price9}}.00 |
| Parents funeral cost | $ {{price10}}.00 |
| Would like to donate | $ {{price11}}.00 |
| Savings | $ {{price12}}.00 |
| Real Estate Assets | $ {{price13}}.00 |
| How much my other assets worth? | $ {{price14}}.00 |
My life insurance need is : $ {{quantity + price1 + price2 + price4* price5 + price6 + price7 + price8 + price9 + price10 + price11 | number:'1.0':'en-US'}}
The Amount of Life Insurance I Need Is:
$ 0.00
$ {{quantity + price1 + price2 + price4* price5 + price6 + price7 + price8 + price9 + price10 + price11 | number:'1.0':'en-US'}}
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