Every kind of protection an Ontario family needs — in one place
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Term Life Insurance Affordable coverage for the years that matter most. from $17/mo
Term life insurance pays a tax-free lump sum to the people you love if you pass away during the policy term. It’s the coverage most Ontario families start with — because it delivers the largest payout for the lowest monthly cost.
Key benefits
- Lowest cost per dollar of coverage. Term consistently offers the most protection for the smallest premium — ideal when your needs are highest but your budget is tight.
- Tax-free payout. In Canada, life insurance death benefits are paid to your beneficiaries free of income tax.
- Fixed premiums. Your rate is locked for the full term, so it never rises as you age within that period.
- Convertible. Convert to permanent coverage later without re-qualifying medically — protecting your insurability.
Who should consider term life insurance?
- Parents who want to replace their income while children are dependent
- Homeowners protecting a mortgage (often better value than the bank’s mortgage insurance)
- Newlyweds and new parents locking in low rates while young and healthy
- Business owners covering a loan, buy-sell agreement, or key person
How much does term life insurance cost in Ontario?
Term life is more affordable than most people expect. A healthy 30-year-old non-smoker can often secure $500,000 of 20-year coverage for around $22 a month; a 40-year-old for around $31. Smokers typically pay roughly double, and rates rise with age, so buying earlier locks in a lower price for the whole term.
Whole Life Insurance Lifelong protection that builds cash value. permanent coverage
Whole life insurance is permanent coverage — it stays in force for your entire life as long as premiums are paid, and pays a guaranteed tax-free benefit whenever you pass away. Unlike term, it never expires.
Key benefits
- Lifelong coverage. Guaranteed to pay out whenever you die — there’s no term to outlive.
- Cash value growth. Builds a tax-advantaged cash reserve you can borrow against or withdraw while living.
- Level premiums. Your cost is locked in for life and never rises with age.
- Estate & legacy planning. Creates a tax-efficient inheritance, covers final expenses, and can offset estate taxes.
Who should consider whole life insurance?
- People who want coverage that never expires
- Those planning an estate or leaving a guaranteed inheritance
- Parents/grandparents insuring a child to lock in low lifetime rates
- High earners who’ve maxed RRSP/TFSA and want additional tax-advantaged growth
How much does whole life insurance cost?
Whole life premiums depend on your age, health, coverage amount, and the payment schedule you choose (for example, paying over 20 years vs. for life). Because the policy is permanent and accumulates cash value, expect premiums many times higher than term for the same death benefit.
Critical Illness Insurance A tax-free lump sum if serious illness strikes. from $12/mo
Critical illness insurance pays you a one-time, tax-free lump sum if you’re diagnosed with a covered condition and survive the waiting period (typically 30 days). Unlike life insurance, the money goes to you, while you’re living, to use however you choose.
Key benefits
- Tax-free lump sum. Receive your full benefit as a single, tax-free payment on diagnosis.
- Use it for anything. Mortgage, income replacement, out-of-country treatment, childcare, recovery — your choice.
- Protects your savings & RRSPs. Avoid draining retirement accounts or going into debt to cover an illness.
- Return-of-premium options. Some plans refund your premiums if you never make a claim.
Who should consider critical illness insurance?
- Primary earners whose family depends on their income
- Self-employed people and business owners with no sick-leave safety net
- Anyone with a family history of cancer, heart disease, or stroke
- Parents who’d need to take extended time off if they or a child were ill
How much does critical illness insurance cost?
Premiums depend on your age, health, smoking status, coverage amount, and the number of conditions covered. A healthy adult in their 30s can often get meaningful coverage for a modest monthly premium, and rates are far lower the younger and healthier you are when you apply.
Disability Insurance Protect your paycheque if you can’t work. income protection
Disability insurance (also called income protection) pays you a monthly benefit if you become unable to work due to illness or injury. It’s one of the most overlooked coverages in Canada — yet a working-age person is far more likely to be disabled for an extended period than to die during their career.
Key benefits
- Protects your income. Replaces a large share of your earnings so you can keep paying the mortgage and bills.
- Tax-free benefits. When you pay the premiums personally, benefits are received tax-free.
- Own-occupation options. Get paid if you can’t do your specific profession — vital for specialists and trades.
- Non-cancellable. Strong policies can’t be changed or cancelled by the insurer as long as you pay premiums.
Who needs disability insurance most?
- Self-employed people and contractors with no employer coverage
- Professionals and specialists (own-occupation coverage matters most here)
- Anyone whose family depends on their income to cover the mortgage
- Commission and gig workers without sick-leave benefits
How much does disability insurance cost?
Premiums typically run 1–3% of the annual income you’re insuring and depend on your occupation, health, age, benefit amount, waiting period, and how strong the policy features are (own-occupation, cost-of-living riders, etc.).
Health & Dental Insurance Fill the gaps OHIP leaves behind. from $45/mo
Ontario’s OHIP covers doctors and hospitals — but not prescription drugs for most working-age adults, routine dental, eyeglasses, physiotherapy, massage, or many other everyday health costs. Personal health and dental insurance covers those expenses so a filling or a prescription doesn’t become a financial decision.
Key benefits
- Covers what OHIP doesn’t. Prescriptions, dental, vision, and paramedical care in one plan.
- Budget-friendly & predictable. Turn unpredictable health bills into a manageable monthly premium.
- Plans for every situation. Individual, couple, and family options — plus guaranteed-acceptance plans.
- Keep it for life. Coverage that stays with you through job changes and into retirement.
Who should consider health & dental insurance?
- Self-employed people and small-business owners
- Retirees losing employer group benefits
- Contract, gig, and part-time workers without benefits
- Families wanting predictable dental and prescription costs
How much does health & dental insurance cost?
Premiums depend on your age, the province, who’s covered (individual vs. family), and the level of coverage you select. Basic plans can start around $45–$60 a month for an individual, rising with richer drug, dental, and paramedical limits.
Travel Insurance Travel with confidence, at home or abroad. per-trip & annual
OHIP covers little to nothing outside Ontario — and even less outside Canada. A single medical emergency abroad can cost tens of thousands of dollars. Travel insurance protects you from that risk and handles the emergencies that can derail a trip.
Key benefits
- Emergency medical abroad. Covers the huge out-of-country medical bills OHIP won’t.
- Trip cancellation & interruption. Recover non-refundable flights, tours, and deposits for covered reasons.
- Annual multi-trip savings. Frequent travellers can cover a whole year of trips for less than repeat single policies.
- Snowbird & visitor plans. Coverage sized for long winter stays and family visiting Canada.
Who needs travel insurance?
- Anyone travelling outside Ontario, even within Canada
- Snowbirds spending winters in the U.S. or abroad
- Frequent business or leisure travellers (annual plans)
- Parents/relatives visiting Canada without provincial coverage
How much does travel insurance cost?
Cost depends on your age, trip length, destination, coverage limits, and any pre-existing conditions. A short trip for a young, healthy traveller can cost very little, while longer snowbird stays and older travellers pay more — but the coverage is trivial next to the cost of an out-of-country hospital stay.
Not sure which coverage you need?
Most families start with term life, then add critical illness or disability to protect their income. A 10‑minute conversation with a licensed advisor will tell you exactly what fits — and what you can skip.
Ready to protect what matters most?
Get a free, no-obligation quote in minutes — or talk to a licensed Ontario advisor today.