Life Insurance, Critical Illness, Disability

Life Insurance

Life insurance is an important cornerstone of personal financial planning. AVID Insurance & Risk Management can help you decide how much life insurance that you need, and the type of life insurance plan that is right for your time of life. We do this by performing a financial needs analysis in order to tailor a solution just right for you.

Term Life Insurance
Permanent Life Insurance
Term to 100

You may be newlyweds, planning to start a family, or business people who require key person life insurance to ensure the continuation of their enterprise. You may wish to leave money to your favourite charity or loved ones. Whatever your wish, we can safely guide you through life insurance.

Critical Illness

Critical Illness insurance, is known as a living insurance benefit, that pays you while you are alive. If you become diagnosed with a life threatening illness such as cancer, heart disease that requires surgery, heart attack or stroke you will be paid a lump sum. A select group of critical illness policies will also cover you for organ transplant, quadriplegia, paraplegia, kidney failure and blindness.

Disability Insurance

AVID Insurance & Risk Management can help you arrange disability insurance coverage that will pay you about 66% income that you are unable to earn because of a disability.

A disability that may happen over time known as a degenerative disability, or a sudden disability that may be the result of an illness or an accident can stop you from earning a living. In fact, 1 out of 3 Canadians on average will be disabled for 90 days or more before they turn 65.

Though your pay cheques stop, your creditors will keep howling for their money, will say, I’m really sorry about your disability, but we have to kick you out and cut you off. It sounds harsh, but it’s true.

Examples of disability:

  • A weekend warrior goes for a bike ride and gets thrown off of their seat by a motorcyclist, and takes months to heal.
  • Post-traumatic stress can cause severe depression after a life altering misfortune
  • A carpenter breaks his wrists while snowboarding and is unable to work for 6 months.
  • Being on medication for treatment of cancer can zap an individual of all their strength, thus causing the patient to miss work.

AVID Insurance can offer individual or group insurance plans with long term disability coverage.

Let AVID Insurance & Risk Management help you buy this important coverage.

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