Life Insurance

Make sure the people who depend on you are looked after, whatever happens.

Life insurance pays a benefit to your chosen beneficiaries when you pass away, to help with income, debts and everyday costs.

Term or permanent?

What is it	Term life	Permanent life
Covers you for	A set period, such as 10, 20 or 30 years	Your whole life
Cost	Generally lower to start	Generally higher
Often chosen for	Covering a mortgage, children or income for a set number of years	Longer-term estate or legacy planning

The right choice depends on your needs and budget. We explain both and let you decide.

How much cover do people look at?

A common starting point is to add up what your family would need: mortgage and other debts, income replacement, children’s education and final expenses. We help you think it through.

Mistakes that cause problems later

Inaccurate answers on the application. Leaving out information such as medical history or smoking status can lead to a claim being refused later.
Missed premiums. A lapsed policy may not pay out. Choose a premium you can keep up.
Outdated beneficiaries. Review your beneficiary after a marriage, separation, new child or death in the family.

How it works

1 Tell us about your

Family, income and goals.

2 We explain the types of cover

And what each costs and does.

3 You choose

And complete the application accurately.

Insurance is provided by independent, licensed third-party insurers and insurance professionals introduced through Corefield. Corefield provides consultation and facilitation only.

Eligibility, premiums and benefits are determined by the insurer and the policy wording. Applications may require medical information. Tax treatment can vary; please speak to a tax professional for advice.

12 Cranfield Road
East York, Toronto, ON
M4B 3G8
Canada

Financial

Insurance

Company

About Us

Services are provided by independent, licensed third-party providers. Corefield provides consultation and facilitation and is not a lender, insurer or broker.
Information on this website is general and is not financial, legal, tax or insurance advice. Approval for loans, mortgages and insurance, and all rates, terms, premiums and coverage, are set by lenders and insurers and may change. Please read your policy or lending agreement for full terms.