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Insurance Solutions For Individuals

Individual Solutions

Life Insurance

Critical Illness

Disability Insurance

Travel Insurance

Long-term Care

What Is It?

Life Insurance

Life insurance is financial security for the people you love. Life insurance is a tax free cash benefit paid to your beneficiaries. Life Insurance is not a popular subject. But, if you have someone financially dependent on you, this is something to think about. When the unthinkable happens, life insurance can help:

Cover funeral costs

Pay the bills and living expenses

Pay off outstanding debt, credit cards and the mortgage

Continue a family business

Finance future needs like your children’s education

Protect a spouse’s retirement plans, family estate

If you're ready to consider purchasing, our consultants will provide you with the advice to find the right type of coverage.

Wouldn’t it be great if your insurance company gave you money back?

Who Needs It?

If you have a loved one that will suffer financially when you pass away, chances are you need life insurance because they will require the cash benefit.

Life insurance will help your family meet many important financial needs like funeral costs, daily living expenses and college funding in a tax-free manner.

What's Your Situation

You're Married

Some couples believe they don’t require life insurance until they have children. This is not always the case. Some people believe that no children means no dependents. What if one of you dies tomorrow? Would your spouse have enough to pay off debts like credit card balances and car payments, let alone cover the monthly rent and utility bills?

You're a Single Parent

As a single parent, you’re the caregiver, worker, chef, chauffeur, doctor, keeper of the peace and so much more. You are balancing the world on your shoulders. When you have so much responsibility, you need to be certain you have enough life insurance to insulate your children’s future.

You Have Grown Children

You finally got the kids out of the house and the mortgage is paid off. When you have no more expenses left to worry about you don’t need life insurance right? You may be surprised. If you die today, your spouse will be left to pay for your cost of living. Would your spouse be able to maintain their lifestyle you’ve worked so hard for and achieve your financial plans for retirement?

You're a Business Owner

Besides taking care of your family, life insurance can also protect your business. If you die tomorrow, what would happen to your business and employees? Life insurance can help in a number of ways.

Buy-Sell Agreements
life insurance policy can be structured to fund a buy-sell agreement. This would ensure that the remaining business owners have the funds to buy the company interests of a deceased owner at a previously agreed upon price. That way, the owners get the business and the family gets the money.

Key Person Insurance
To protect a business in case of the death of a key employee, key person insurance, payable to the company, provides the owners with the financial flexibility needed to either hire a replacement or work out an alternative arrangement.

You're Married With Kids

Most families depend on two incomes to make ends meet. If you die suddenly, could your family continue to meet all their financial obligations—from paying the rent or the mortgage to daily living expenses? Could your family continue their standard of living on your spouse’s income alone? Would their plans for the future—like college stay intact? Life insurance makes sure that your plans for the future don’t die when you do.

You're a Stay-at-Home Parent

You may think that you’re not financially contributing to your family because you don’t earn a salary. Being a chauffeur, chef, maid and police are just as important as earning money. The value of this role is often under appreciated. Life insurance can ensure that quality of life being enjoyed will be maintain.

You're Retired

You’re retired and amassed an empire spanning hundreds of kilometers from the cottage to the home. Depending on the size of your estate, your heirs could be hit with an estate tax after you die. The proceeds of a life insurance policy are payable immediately, allowing heirs to take care of these taxes, funeral costs and other debts without having to hastily liquidate other assets. Now the cottage will stay in the family for another generation.

You're Single

Most single people have no financial dependents. But there are exceptions. For instance, some single people have aging parents or a sibling with special needs. You may have debt that you wouldn’t want your family to deal with. Also, if you’re young and healthy your insurability is as good as it gets and you’ll be rewarded with the best rates on life insurance.

My Assets

Personal Assets(?):savings, investments, other

Business Assets

Current Amount of Life Insurance

My Liabilities

Outstanding Debts(?):mortgage, credit card, car loans, etc.

Other Cash Needs(?):education funds, estate, income for X number of years

Additional Life Insurance Needed:

0$

We here at BenefitsPensions.com can help you.

What Is It?

Critical Illness

Critical illness insurance provides a lump sum cash payment when you suffer a life-altering illnesses. If you become sick and survive the insurance policy’s waiting period, you receive a lump sum cash payment.

Why do you need critical illness insurance?

Your best defense against health risk is a healthy lifestyle, however, a critical illness such as cancer, health disease or stroke can happen to anyone at any moment.

One in three Canadians will develop a life-threatening cancer¹.

One in two heart attack victims are under 65 years old².

Each year, 50,000 Canadians suffer a stroke. Of all stroke victims, 75% will be left with a disability².

[1] Canadian Cancer Society, www.cancer.ca
[2] Heart and Stroke Foundation, www.heartandstroke.ca

Provincial health insurance does not cover expenses such as private nursing or modifications to your home or vehicle to improve your mobility. Other challenges such as finding the best medical care, day-to-day needs like child care and managing the stress must be taking into account as well. Consider long-term care.

If I suffered a critical illness, I would like to use the benefit to:

Monthly Expense

Personal Expense(?):Mortgage, debts, loans, etc.

Cover Business Expenses(?):Hire a replacement during recovery, meet other obligations, etc.

Top up Disabliity Coverage(?):The difference between pre-disability income and disability benefit x 12 months.

Medical Care(?):1. Pursue complementary or alternative medical care.
2. Purchase equipment or assistive devices.
3. Modify my home or vehicle so I can continue to live independently.
4. Purchase rehabilitation, home care, homemaking or childcare services.

Retirement Savings or Education Funds(?):Monthly contributions x 12.

Other Expenses:

Total Estimated Funds Needed:

0$

Ready to start? Our consultants can help you with Critical Illness insurance.

What Is It?

Disability Insurance

What is the most valuable asset you own? Think about it. The answer is, your ability to earn a living. What would happen if you became ill or injured and could no longer work? As one of the benefit companies in Canada, we can help.

Your earning potential is a far more valuable asset than a home or car. Disability insurance is there to replace your lost income. What’s the chance that you’ll lose the ability to work? It’s more likely to happen than you’d imagine. We also offer employee group benefits consulting in Canada.

Why would you need it?

Most people recognize the need for life insurance, but some don’t truly understand the need for disability insurance. The fact is, when you are disabled, your income stops – but your bills don’t. Worse, if you have family who will take care of them? Did you know that:

1 in 3 people, on average, will be disabled for 90 days or more at least once before they reach age 65?

A disability can last for months or even years?

What are the chances I’ll be disabled?

Age

25

30

35

40

45

50

55

Percentage

58%

54%

50%

48%

40%

30%

23%

Consider these situations:

A person spends months recuperating from a car accident.

A carpenter breaks an arm while skiing and can’t work for eight weeks.

An overworked doctor must “take it easy” after a heart attack.

Chemotherapy saps the energy of a busy store manager.

A stroke affects a computer programmer’s ability to reason with numbers.

An individual has been diagnosed with major depressive disorder following a traumatic event.

Monthly Income

Income from current group disability coverage:

Income from spouse or other family members:

Income from current individual disability coverage:

Monthly Investment Income:

Monthly Expense

Outstanding Bills(?):mortgage or rent, car, utilities, etc.

Financial Expenses(?):Insurances, investments, education funds, retirement contributions, etc.

Monthly Expenses(?):Food, clothing, etc.

Monthly Investment Income(?):Health, maintenance, childcare etc.

Need for additional monthly income due to disability

0$

Ready to start? Our consultants can help you with Disability Insurance.

Work With BenefitsPensions.com

Travel Insurance

Benefitspensions.com is one of the largest travel protection and health insurance distributors in Canada. Benefitspensions.com relies on a network of more than 2,000 active partners across Canada and the USA and represents over 14 different insurance carriers.

Before Traveling

To offer the best protection, at the best price, in the best conditions.

While Traveling

To protect travelers by providing the assistance and access to resources they need.

After Traveling

To protect travelers’ interests with their insurance company.

We are here to help. Our consultants can help you with Travel Insurance.

What is it?

Long-Term Care

Long term care insurance provides you with the support and financial resources to cover out-of-pocket expenses for home care or in a facility, when you can no longer care for yourself.

Accommodation in long-term care facilities typically range from $750 to over $6,700 per month depending on the level of government funding available, the room type and quality.

Long-term care at home

Home Care

Private home care service costs can range from $12 to $90 an hour for homemaking, personal care or nursing care. What are the average costs of private home care in your province?

It’s easy to see how the costs of care can add up quickly. Based on the cost of home care services in your province. Placement in a private care facility at $5000 per month, or home care five days a week for four hours a day at $35 per hour, then this would add up to at least $35,000 to $65,000 a year, depending on the type of care required.

Long-term care at home

Home Care Provided By a Family Member

A third option would be to have a family member care for you at home. However, an important question to consider is whether they would have the financial means to look after you full time?

It’s difficult to calculate the cost of having a family member caring for you at home. Your family member(s) may have to give up full time employment resulting in a devastating loss of income. Unfortunately, the tax breaks only given to the care giver is only a small percentage of the total cost of care.

Questions? Need to Contact Us?

Our team of consultants are happy to customize a holistic plan at a moments notice.

Testimonials

A Few Of Our Satisfied Clients

Easily one of the best in the business. You're really getting the whole package with BP. They're not just brokers... they're consultants with deep expertise. Not a lot of firms offer the communication, policy and review services as well and these guys have it all. Strongly recommend!

Louis Selmeci

BP consulting was extremely helpful in handling my insurance needs and providing me with advice to find the right type of coverage as a new home buyer.

Valerie Winder

Excellent support and service, above and beyond. Helped with HR and recently, Union negotiations. Would refer!

Chad Doiron

Were I not in the industry I would not hesitate to go to BP for any need in benefit or retirement planning, or individual life insurance. Heck I'd even act as a reference. Coming from a competitor, that should speak volumes.

Ryan Geerts

We took on one of their hybrid solutions. Our staff loves it and my cost are better under control. We had specific problems that required out of the box thinking, I would definitely recommend.

Adriano Martorano

Very knowledgeable. Would recommend.

Matthew Aceto

We are here to help

Request a Call Back

Ready to get started? Submit our form to request a call back and we will get back to you as soon as possible. You can also give us a call at +1 877 228 3388 or email us.

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Address

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Vancouver
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Calgary
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Montreal
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phone number

1.877.228.3388

Email

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