If you have a young family

An insurance policy isn’t something you buy to protect yourself – it’s something you buy to protect the people who depend on you. With a young family, it’s easy to justify avoiding buying insurance or delaying investment planning because you are putting your money toward immediate needs. However, insurance premiums are typically cheaper when you purchase at a younger age, so it’s the best time to protect your family’s future.

Life Insurance

Go to sleep at night knowing that if anything happens to you, your standard of living will be protected for your partner and/or children. A life insurance policy will cover any debts, lease contracts or funeral expenses, and it leaves money to your loved ones so they are protected.


There are two kinds of life insurance: Term and Permanent.


Term life insurance covers you for a set period of time and pays out a tax-free, lump-sum death benefit to your beneficiaries if you pass away during that time. Term life insurance policies are cheaper than purchasing permanent life insurance, making it a smart option for young families with limited budgets.


Permanent life insurance is more expensive than term life insurance, but even a small amount can make a big impact. If you plan on having considerable assets, leaving charitable donations, completing succession planning, or paying off capital gain taxes, this will be the best choice for you. Permanent life insurance can also be used as a tax-sheltered savings account that you can draw from as the cash value increases. Start now to generate a significant value that you can use as a down payment on a house or as collateral for a loan.

Disability Insurance

Arthritis and musculoskeletal issues like back pain are two of the most common reasons hard-working people suddenly cannot perform their normal job. Depression, diabetes, and complications from cancer or heart disease are also very common. Long-term health conditions that keep you from your job are considered disabilities.


If a disability stops you from being able to work, having disability insurance means you will get paid a percentage of your monthly income to assist you in paying your bills and taking care of your family. This is especially important if your employment is a main source of income for your household.

Critical Illness Insurance

While you may be feeling fairly healthy at this age, serious illnesses such as cancer, a stroke, or a heart attack don’t always care that you’re in the prime of your life. In fact, insurance companies call these diseases “the big three,” as they make up the vast majority of critical illness insurance claims every year.


If you’re diagnosed with a critical illness, critical illness insurance will pay you a tax-free lump sum to assist you in paying your bills, financing treatment options, replacing lost income, or finding a replacement for your business until you are healthy enough to work again. A bad diagnosis doesn’t have to ruin your life, but being unprepared might.

Health and Dental Plans

When you work for yourself, or your employer doesn’t offer group benefits,

being covered for health & dental expenses is important. 

A plan that is personalized to you, and your family, will be an investment in your future. Coverage for drugs, dental work, vision care, travel, and specialists (physiotherapists, chiropractors, massage therapists, and psychologists/social workers) are offered in all plans.

An employer benefits plan doesn’t have to be a luxury.

You can own this plan personally, which will follow you throughout your career and protect your family financially if anything were to happen.