Create Capital Management Inc. is here to help you and your family by offering Life Insurance, Mortgage Insurance and Critical Illness Insurance. 
Life Insurance
In Canada life insurance is an important part of any financial plan. People often look to buy life insurance when they are planning on getting married, starting a family, buying a home, changing jobs, facing unemployment, starting up a business, retiring and saving taxes with Estate Planning . It is during these life event milestones when your life insurance needs are most likely to come to the forefront.
If you want to protect your future earnings and provide a safe future for your relatives after you are gone, life insurance is a very good option. Money from life insurance can give the ones who depend on your financial support an income if you die suddenly. Life insurance funds can also be used to cover any taxes and final costs due at your death.
Our brokers here at Create Capital Management Inc. are experienced, patient and dedicated to providing stellar customer service and therefore excel at helping our clients acquire the protection they need.
What is life insurance?
Life insurance is basically a contract between the policyholder and the life insurance company. This contract, or life insurance policy as it is more commonly known, is an agreement between you (the policyholder) and the life insurance company where the life insurance company promises to make payment of the face value of the policy, upon the death of the policyholder.
Affordable life insurance policies offer the policyholder’s dependents financial protection. The best life insurance option will depend on your personal circumstances. That’s where one of our life insurance brokers can help you decide what types of life insurance will best meet your needs, and how much life insurance you should have; both which ultimately affect your final life insurance cost.
The types of life insurance
Life insurance can be boiled down to two basic forms: Term Life Insurance and Permanent Life Insurance.
Because Term life insurance is a pure death benefit, its primary use is to provide coverage of financial responsibilities, for the insured. Such responsibilities may include, but are not limited to, consumer debt, dependent care, college education for dependents, funeral costs, and mortgages. Guaranteed level premium Term life insurance is when the premium is guaranteed to be the same for a given period of years. The most common terms are 10, 15, 20, and 30 years.
As the name suggests permanent life insurance is designed to cater to permanent needs. For the average person, these needs include supplementing a survivor’s income, as well as financial security for children who may remain dependent for their lifetimes due to disability or other factors. As a rule of thumb, permanent needs require permanent life insurance.
Universal life insurance?
Universal life insurance combines permanent life insurance and or Annual Renewable Life Insurance coverage with a flexible portfolio of investment options, customized to your financial needs and aligned with your risk tolerance. In today's world of complex tax laws, you want maximum protection for your estate—and our universal life insurance can provide it. Our plan offers a wide range of investment options, a choice of death benefits, optional benefits and riders, flexible ways to pay your premiums, and innovative ways to access the value you accumulate over the life of your plan.
How much is enough?
The crux of any financial needs analysis is to determine how much life insurance is needed in order to offset the loss of your income. This amount often includes sufficient provision towards outstanding debts, dependent children and funeral expenses. All these factors are considered when calculating how much life insurance you’ll need, which of course will affect the amount of your life insurance quote.
Critical Illness Insurance
A critical illness can strike anyone at any time and getting back on your feet is often pricey and time-consuming. In Canada critical illness insurance is a unique product because it provides you with a lump-sum payment to help with the cost of recovery and protect you from withdrawing you investments and savings should you become critically ill during the term of the policy. Critical illness insurance policies vary in the conditions covered but in general will cover the most common critical illnesses facing Canadians today including the big three: Cancer, heart attach and stroke. Also they can give you a refund of premiums if you never make a claim, WIN WIN program.