Living Benefits Insurance Vancouver, BC

Living Benefits Insurance provides a benefit in the event of serious illness or injury. Without adequate preparation, a critical illness or injury usually leads to financial hardship. Survivable illnesses and injuries are far more common than premature death and therefore, the financial risk needs to be covered. Some statistics to consider: by age 65, a healthy 30 year couple has a combined 62% likelihood of long term disability, 41% of a critical illness and 12% chance of death.

There are two primary kinds of Living Benefits Insurance to protect against illness or injury: Critical Illness Insurance | Disability Insurance

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Other Insurance Services we offer: Life Insurance | Term Life Insurance | Creditor (Mortgage) Insurance | Life Insurance for New Immigrants | Non-medical Life Insurance | Manulife Vitality | Permanent Life Insurance Term 100 - Permanent Life Insurance | Universal Life Insurance | Whole Life Insurance | Life Insurance For Business Owners | Corporately Owned Life Insurance

Who needs life insurance?

Ask yourself this question: Would anyone you care about suffer financially in the event of your premature death? If you have dependant children, the answer is yes. If you have a spouse, the answer is probably.

Who does not need life insurance?

If you are single you probably do not need life insurance. Usually the death of a single/childless person does not leave anyone worse off financially. A single person with a mortgage may still NOT need life insurance as their family would still inherit equity in their property. Single people need to prioritize critical illness and disability insurance.

How much life insurance do I need?

The primary purpose of life insurance is to pay off debts (especially a mortgage) and replace income for dependants of the deceased. We do a needs analysis to determine how much money your family would need to maintain their standard of living in the event of your premature demise. A commonly used guideline for someone in their 30s is 20 times after-tax annual earnings.

Camlife Financial Corp serves clients across: Vancouver | Richmond | West Vancouver | North Vancouver | Burnaby | Surrey | White Rock | Langley | Coquitlam | Maple Ridge | New Westminster BC

Get in Touch with Our Financial Advisor who will assist you to choose the right insurance policy.