Diverse solutions tailored to your every need
Secure Your Financial Future
Insurance
01
Life
Life insurance allows your loved ones to deal with the financial impact of your death. In a nutshell, it is a contract between an insured and an insurance company when in the event of your death, the person or group of people you choose as beneficiaries get a one-time tax-free payment, called a death benefit.
Your beneficiaries may use the death benefit in different ways such as paying for funeral expenses, income replacement, estate taxes, paying debts including your mortgage and much more
There are different types of life insurance you may choose according to your needs.
Term life insurance
Term life insurance provides coverage for a specific amount of time. These are usually the most affordable options and they are renewable and convertible to permanent policies if the client wishes. The term can variate and it usually goes from 10-40 years or until you reach an specific age such as 65 or 75 years old.
Permanent life insurance
Permanent life insurance provides you with lifetime coverage. There are more options within this type of insurance and depending on the product you select, you also have the opportunity to build tax sheltered wealth through your policy’s fund value and use it to fund a downpayment for a home or fund your retirement Income strategy.
As part of the Permanent Life insurance products we have:
Whole life insurance
With this type of insurance your premiums won't change as you get older. Your policy will often has a guaranteed minimum cash value and a dividend scale which usually pays a substantial amount into the cash value of your policy. These policies also allow you to access additional funds during your lifetime.
Universal life insurance
This type of life insurance combines the insurance benefit you get from the policy with an investment account. The account offers you a way to build tax shelter wealth for yourself and a legacy for your beneficiaries. The Policy value can be accessed by policy loan, collateral loan or withdrawals.
Different tax strategies are created using universal life, the benefit of these strategies is substantial when it comes to minimizing the tax impact for individuals and corporations. These strategies require a special type of expertise, that is the backbone of our service.
02
Health and Dental
Enjoy Health and Dental Benefits for You and Your Family
We offer different health and dental plans and many add-on benefits. This way, you can design a health plan that best meets your specific needs.
Health and Dental Insurance Option
Flexcare from Manulife
Flexcare plans are specifically designed to offer flexibility and choice. A wide selection of core plans provide coverage for varying levels of drug and dental benefits, including vision care, extended health care, and more.
At Retirement Path Canada, we offer seven different health and dental plans and many add-on benefits. This way, you can design a health plan that best meets your specific needs.
03
Travel
Travel to Anywhere in and Outside Canada Without Worries
We have travel insurance options for the visitors to Canada and Canadians who are travelling in and outside the country. Our options include emergency medical insurance, student travel plan, and more.
TRAVEL INSURANCE OPTIONS
Emergency Medical Insurance for the Visitors to Canada
This plan is ideal for:
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Visitors to Canada
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Canadians who are not eligible for benefits under a government insurance plan
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People who are in Canada on a work visa
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New immigrants who are awaiting their government health insurance plan coverage
Out-of-Province/Out-of-Country Travel insurance for Canadians
01.
Single-Trip Plan
This provides coverage for one trip for the number of days purchased. There’s no age limit, but you will have to answer medical questions if you are over the age of 55.
03.
Multi-Trip Plan
This provides coverage for an unlimited number of trips during the policy year for the number of days purchased. There’s no age limit.
02.
Quick Trip Plan
This provides coverage for one trip of less than 18 days for people aged 55 to 74. There are no eligibility questions for this option.
04.
All-Inclusive Plan
This provides several benefits in one plan. It covers emergency medical, trip cancellation and interruption, baggage loss, delay and damage, flight accident, and travel accident.
05.
Travel Canada Plan
This provides emergency medical insurance if all travel is within Canada. It offers 50% off the regular rate of a single-trip emergency medical plan.
06.
Trip Cancellation/Interruption Plan
This may be purchased as part of an all-inclusive plan or separately. If purchasing separately, it must be purchased within 8 days of booking your travel plans.
Student Travel Plan
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International students studying in Canada
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Canadian students studying abroad
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Canadian students studying in Canada but outside their principal province of residence
This plan is designed for full-time students, including:
04
Critical Illness
Get Health Protection From Critical Illnesses
At Retirement Path Canada, we offer different critical illness plans according to your needs. They cover cancer, heart attack, stroke, coronary artery bypass surgery, and aortic surgery.
Critical Illness Plans
We may not be able to predict our future, but we can prepare for it. At Retirement Path Canada, we offer critical illness plans from Manulife. They cover five of the most common critical illnesses and conditions: cancer, heart attack, stroke, coronary artery bypass surgery, and aortic surgery.
Canadian residents between the ages of 18 and 65 years are eligible to apply for this Critical Illness Insurance.
• You can choose from $25,000, $50,000 or $75,000 coverage.
• The $25,000, $50,000 or $75,000 benefit is paid directly to you, to spend however you wish - such as to pay medical expenses, retrofit your home, alleviate debt, or travel.
• Applying is easy - no medical questionnaire is required. A declaration of good health is all that is needed.
• Premiums are based on your age, gender and smoking status. The younger you are when you apply, the lower your premiums will be.
05
Disability
Disability insurance was created to protect you and your family from unexpected illnesses or accidents. If you are not able to work because of an injury or illness, disability insurance replaces a portion of your income up to a maximum amount for a specific period of time.
This way, you can still pay your bills in the short and long term while you recover from a specific illness or accident covered by the policy.
Some employers offer disability insurance however, it is a good idea to get your own disability insurance policy in case you stop working for the same company or if your benefits are not enough to cover your life expenses during your disability time you can get a top up.
Also, if you're self-employed, it is a good idea to plan ahead and get your own disability insurance protection in case you have an accident or injury at work. This type of insurance will cover many of your business expenses if you're unable to work.
Reach out to Retirement Path Canada to embark on your journey towards a secure and prosperous financial future.
965 Bovaird Drive West, Suite 201
Brampton, Ontario L6X 5K7
647-567-2706
* Our insurance products are provided through IDC Worldsource Insurance Network
* Our Mortgage Products are provided by Guillermo (William) Batres Franco, Licence: M16000695 through The Mortgage Centre Canada.
* Links Disclaimer: When you access one of the links provided you will be leaving the Retirement Path Canada website. Retirement Path Canada is not responsible for the information contained on any of these links.