Life Insurance

A Legend

One night in ancient times, three horsemen were riding across the desert. As they crossed the dry bed of a river, out of the darkness a voice called out - "Halt".

They obeyed. The voice then told them to dismount, pick up a handful of pebbles, put the pebbles in their pockets and remount. The voice then said "You have done as I commanded. Tomorrow at sunup you will be both glad and sorry." Mystified the horsemen rode on.

When the sun rose, they reached into their pockets and found that a miracle had happened. The pebbles had been transformed into diamonds, rubies and other precious stones. They remembered the warning. They were both glad and sorry. - glad they had taken some and sorry that they had not taken more … and

This is the Story of Life Insurance

Term Insurance is a form of life insurance that covers an individual for a specific length of time. It is a key component in most people’s financial plan. Term life insurance provides financial security from the uncertainties of daily living at a low cost compared to other forms of life insurance products. In addition, benefits paid out upon death are non-taxable with a named beneficiary.

Whole Life Insurance provides coverage for an individual’s life at a fixed premium. This type of insurance has a savings component that builds over time and can be used for wealth accumulation. In addition, benefits paid out upon death are non-taxable with a named beneficiary.

Universal Life Insurance is a type of permanent life insurance. It is similar to Whole Life Insurance in that level premiums may be set for the life of the policy. It differs by offering greater flexibility in premium payments, coverage amounts and additional deposits. In addition, the savings component is protected from creditors and has some tax advantages versus other non registered savings plans.

Some applications for life insurance include:

  • Mortgage Protection
  • Income source for your family
  • Partnership Insurance
  • Key Man Insurance
  • Funeral Expenses
  • Estate Preservation
  • To pay for taxes upon your death
  • Charitable Donation
  • Planned Giving
  • Retirement Savings


Do you want to review your existing coverage?

Do you want to know what coverage would be best for your situation?

Feel free to contact me at any time by phone at 416-806-5478 or by email at