Personal Protection

Making sure you're protected for life's uncertainties

Term Life

Term life insurance provides you with coverage for a set period of time, which is most commonly ten or twenty years. This form of insurance is ideal for covering debts, loans and mortgages with maturity dates. Term insurance is a product that is seen as both basic and affordable. With coverage, your beneficiary will receive a tax-free lump-sum payout upon claim.

Whole Life

Whole life insurance is a permanent life insurance product that covers you for your entire life. As an alternative to term coverage, whole life allows the client to have access to the premiums paid into the policy. A portion of the monthly premium is devoted to paying for the life insurance, while the remaining portion goes into an investment account that grows for you – this is known as cash value.

Permanent insurance is a great way to: supplement income for retirement, invest personal or corporate dollars into a tax-sheltered account and to have quick access to cash throughout your life. With so many features available through whole life coverage, this product should be discussed with an Alteri agent to see how it fits for your specific situation.

Critical Illness

Critical illness insurance can provide you with the protection you need if you become diagnosed with an illness. This product offers a lump-sum tax-free payout upon claim, and covers a range of diseases, including: cancer, heart attack and stroke. Some of the toughest financial times can come as a result of such circumstances – critical illness coverage can give you the chance to focus on recovery, instead of stressing about your finances.

Disability

Often referred to as income replacement coverage, disability insurance gives you protection in case you are unable to work due to an injury. This product makes monthly payments to you if you become disabled. These payments are pre-determined and established as a percentage of your current income. Disability coverage allows you to get back on your feet, and focus on recovering, without stressing about your finances.