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Life Insurance / Financial Products

Life Insurance

You have insured your home, your vehicles and your personal belongings, but have you considered taking care of your most precious assets.....your life & health?

Life Insurance

Critical Illness

No one likes to think about the possibility of suffering a serious critical illness, but it is something you can plan for.

The last thing you want to think about if you suffer a critical illness is how to pay your mortgage, cover your household bills or maintain your lifestyle. Critical Illness insurance is designed to help cover these costs so you don't have to dip into your retirement savings or go into debt.

Manulife's Lifecheque Basic Critical Illness Insurance offers:

  • Coverage for 5 major illnesses including cancer, heart disease, stroke, aortic surgery and coronary artery bypass surgery.
  • Lump sum payments of $25,000, $50,000 or $75,000 with a Return of Premium option.
  • Coverage for applicants between the ages of 18 and 75.

Critical Illness insurance from Allen Insurance Group can provide you with a cash benefit to use any way you want, so that you can focus on what's important - getting better.

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Disability Insurance

The peace of mind that income protection can provide is available for professionals, business owners, business executives, and full-time, part-time or home-based workers. Whether you need to secure your main source of income or to supplement the coverage you receive from your employer or an association, we can help by providing a comprehensive and portable plan you can rely on throughout your working years.

In addition to our regular disability policy, The Edge Disability Income Plan offers peace of mind and security to the self employed small business owner, and it can be customized to suit almost every type of small business imaginable. The Edge Disability Income Plan is guaranteed to issue, requires no medicals for most plans and is payable from the first day of injury - and you choose whether it is payable for a 5 year term or to age 70.

To find out about our complete range of disability insurance plans, contact an Allen Insurance Group advisor today. It may be the most important financial planning decision you'll ever make.

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Group Insurance

A good employee benefits program provides for the well being of employees and their families.

We appreciate that each plan sponsor has unique objectives. Recognizing this diversity, we strive to find creative and flexible solutions and are committed to ensuring that plan sponsors get the best value from their benefit plan.

An Allen Insurance Group advisor can advise you on a suitable group benefits plan by conducting a Needs Analysis with your organization and recommending Plan Design & Implementation.

Contact Allen Insurance Group today to discuss which group benefits plan is right for your organization.

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Guaranteed Issue Life

Guaranteed Issue Life Insurance is for people up to 80 years of age who have a difficult time getting life insurance, whether for medical or other reasons.

With Guaranteed Issue Life Insurance, the sum insured is guaranteed for life and there are no medical examinations or blood tests required. In the case of accidental death the face amount doubles no matter how many years the policy has been in effect.

Contact an Allen Insurance Group advisor to discuss an alternative life insurance policy that protects you and your loved ones.

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Health & Dental Insurance

Allen Insurance Group offers several Health, Dental and Extended Health Care benefits through Manulife Financial, including:

  • Coverage for Individuals and Families.
  • Coverage for those who are self-employed or those whose group benefits have been terminated.

Flexcare offers 7 different health and dental plans (3 of which are guaranteed issue) and many add-on benefits so that you can design a health plan that best meets your specific needs.

Follow Me offers 4 guaranteed issue plans which are designed to 'bridge the gap" for people who are leaving a group plan due to job loss or retirement so that their health and dental coverage is not interrupted. As long as you apply within 60 days of leaving your group plan, you are guaranteed acceptance with Follow Me.

Association Health and Dental Plans offer 8 different plan choices with options for Dental only and Dental & Drug benefits.

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Taking care of your most precious assets

No matter your insurance needs - family protection, business continuity, estate preservation or investment solutions - we offer the most comprehensive and innovative range of products, supported by the most effective, value-added services on the market today.

There are various forms of life insurance policies to choose from, and knowing which type is right for you makes all the difference.

Term Insurance is the ideal choice for both temporary and life-time needs of families. It gives you assurance that your entire family will be taken care of when you die. It can provide an ongoing income to maintain your family's current lifestyle, pay off your mortgage or debts and provide money for your children's education.

Whole Life Insurance is permanent insurance that provides lifetime protection for a level premium. Depending on the plan you buy, whole life insurance spreads the cost of insurance either over the lifetime of the policy or over a limited period of time.

Universal Life Insurance is the most flexible life insurance available today. You can customize your plan when you buy it, or easily make changes later on. And Universal Life offers you the opportunity for tax-advantaged investing. This gives you the chance to increase your wealth by investing money within your policy.

For a more detailed explanation of Term Life Insurance, Whole Life Insurance or Universal Life Insurance contact an Allen Insurance Group advisor today.

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Long Term Care

Part of planning for your golden years means considering the possibility that you will need long-term care.

We all plan on being healthy throughout our lifetime, but sometimes getting older can prevent us from doing things that we take for granted now.

LivingCare is long-term care insurance. It provides you with the financial support you need to maintain your day-to-day activities should a chronic illness or cognitive impairment keep you from being able to take care of yourself.

LivingCare lets you receive the care you need in the comfort of your own home. It also provides comprehensive coverage for nursing home care, should you need it.

Contact an Allen Insurance Group advisor to learn how LivingCare can protect you against what might happen tomorrow.

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Mortgage Insurance

Before you say yes to Mortgage Insurance, consider a product that protects you and your loved ones, not your lender.

When you're approved for a mortgage, your lender will offer to sell you mortgage insurance. This may seem convenient, but you should know that you have other options.

An individually-owned Mortgage Term Insurance Plan offers you and your loved ones better guarantees and better value, and usually at a lower cost.

Consider the benefits of a Mortgage Term Insurance Plan:

  • You own the policy, not the lender.
  • Your premiums and benefits are guaranteed for the life of the policy, which is not always the case with the lender.
  • Upon death, the benefit goes directly to your beneficiaries and they can decide how to use the money.
  • The value of your policy will never decrease.

Speak with an Allen Insurance Group advisor today to discuss which Mortgage Insurance coverage option is right for you.

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Travel Insurance

Allen Insurance Group offers several travel insurance options though Manulife Financial, including:

  • Out of province / out of country travel insurance for Canadians.
  • Visitors to Canada travel insurance.
  • Student travel insurance.

Traveling Canadians can choose from the following options:

  • Single Trip Plan: Provides coverage for one trip for the number of days purchased. No age limit, but you will have to answer medical questions if you are over the age of 55.
  • Quick-Trip Plan: Provides coverage for one trip of less than 18 days for those 55-74 years of age. There are no eligibility questions for this option.
  • Multi-Trip Plan: Provides coverage for an unlimited number of trips during the policy year for the number of days purchased. Options of 4, 10, 18 and 30 day plans. No age limit.
  • All-Inclusive Plan: Provides several benefits all in one plan. It covers Emergency Medical, Trip Cancellation & Interruption, Baggage Loss, Delay & Damage, Flight Accident and Travel Accident.
  • Travel Canada Plan: Provides Emergency Medical insurance if all travel is within Canada at 50% off the regular Single-Trip Emergency Medical Plan rates.
  • Trip Cancellation/ Interruption Plan: May be purchased within 8 days of booking your travel plans.
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A Guaranteed Investment Certificate (GIC) is exactly that; a guaranteed investment, maturing at a specified time. Also known as a fixed income security - your income stream is known, as is the maturity date, and value of the investment. A pretty safe bet. Most investors today have used GICs at one time or another to round out their portfolio.

Allen Insurance Group boasts the best GIC rates. Research and access to major financial institutions guarantees those rates that are passed on to you.

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Over the past decade, annual post-secondary tuition fees in Canada have, on average, more than doubled. At the same time, advanced education has become more important to success than ever in our increasingly knowledge based economy.

Your Allen Insurance Group advisor can help you understand the different characteristics that make RESP's a powerful cash-accumulation vehicle to plan for the future well-being of your children or grandchildren.

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If you hold a Registered Retirement Savings Plan at retirement, you can take advantage of further tax sheltering through a Registered Retirement Income Fund (RRIF).

Your RRIF can be made up of a variety of investments. The retirement planning specialists at Allen Financial will help you wade through the multitude of choices for your retirement years to maximize your tax deferral and minimize your taxable income

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An RRSP is one of the best tools available when it comes to saving for your retirement. Whether you are an investor who is just starting out, or a veteran of the financial markets, many people agree that the best place to start is by opening up a Registered Retirement Savings Plan (RRSP).

Annual contributions are tax deductible and any income earned can accrue tax free as long as it remains in the plan. Proper financial planning can help you meet your retirement goals in the future. An Allen Insurance Group advisor can work with you to develop a investment strategy that will enable you to reach those goals.

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Segregated Funds

Segregated Funds offer investors the ability to invest in a comprehensive mix of global, international and domestic funds created to meet everyone’s needs. As well as offering many investment opportunities, segregated funds are insurance contracts and therefore provide additional features.

Guarantees that are common to every segregated fund contract include a death benefit guarantee and a maturity guarantee. The death benefit guarantee protects a specific percentage of the value of an investment upon the death of the contract annuitant.

The maturity guarantee protects a percentage of the value of an investment at the end of a specified term (typically 10 years).

In the event of death of the annuitant, the proceeds of an insurance contract pass directly to a named beneficiary without going through probate. The benefit is that the asset avoids probate and estate administration fees. Furthermore, the beneficiary will also receive the proceeds without extended delays -- a considerable benefit during a time of need.

In general, when the beneficiary is a parent, child, grandchild or spouse of the annuitant (for Quebec, ascendants and descendants of the owner), and the contract wasn't set up for the purpose of avoiding creditors, segregated fund assets may be protected from creditors.

This is a benefit to all small business owners, professionals and entrepreneur who want a cost-effective means of ensuring their personal financial assets are not subject to professional liability.

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Investment Savings

Investment Savings Accounts offer a secure place to invest your money.

At Allen Insurance Group, we offer Investment Savings Accounts from some of Canada's most respected financial institutions.

Choose an Investment Savings Account that earns high interest -considerably higher than the average of the major banks - on every dollar, with no minimums, no service charges and no fees.

Getting started is simple. Contact an Allen Insurance Group advisor to find out what type of Investment Savings Account is right for you.

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Retirement Savings

It's never too late - or too early - to start thinking about saving for your retirement. Unsure of where to invest your RRSP this year? Allen Insurance Group offers flexible retirement savings accounts from some of Canada's most respected financial institutions.

Choose from RSP Investment Savings Accounts, RSP Guaranteed Investments or RSP Short Term Guaranteed Investments.

An Allen Insurance Group advisor will work with you to develop a strategy to ensure your financial goals are met upon retirement. Call today to get started.

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RRSP Loans

Don't let a lack of cash keep you from taking advantage of this powerful financial tool this year. An RRSP loan can help you realize tax savings, increase the eventual size of your RRSP, and help you stick to your savings plan.

Manulife Bank RRSP loans offer convenience, competitive interest rates starting at Prime, automatic approval, and a 90-day loan payment deferral option. And you can make extra payments to your loan at anytime without additional fees.

To learn more about RRSP loans, or to arrange for your RRSP Loan, contact an Allen Insurance Group advisor today.

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Elder Planning

Allen Insurance Group is proud to have Elder Planning Counselors on staff who have completed the EPC course, and who have a firm understanding on the issues, concerns and values of Canadians over the age of 50.

The EPC designation is awarded to individuals who have completed the Canadian Initiative for Elder Planning Studies Course. The course ensures that Allen Insurance Group Counselors are knowledgeable on the issues and alternatives that are important and unique to the 50+ population, such as:

  • Estate Planning
  • Alzheimer Disease and Dementias
  • Caregiving in Canada
  • Social Security Programs for Elders
  • Elders & Fraud Abuse
  • Long term Care Issues
  • End-of-Life Planning Issues
  • Retirement & Tax Planning
  • House Options

To discuss concerns or questions that you may have on Elder Planning, please call Ruth Fleming today. We'll take care of you.

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Estate Planning

We can make recommendations to ensure that your property is distributed to your heirs in the most tax effective manner, and is consistent with your goals and desires. An Allen Insurance Group advisor will work with you to develop a plan that directs how your assets are to be distributed to your beneficiaries and maximize after-tax income both during life and after death.

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Investment Planning

An Allen Insurance Group advisor will review your current investments and create a portfolio of investments based on your risk tolerance, time horizon and comfort level that will maximize your wealth accumulation. Together, we will identify and implement effective strategies to achieve your investment goals and determine which types of investments are right for you.

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Retirement Planning

Canadians are living longer and living healthier, as well as leading more active lives. As a result, retirement has become a longer-term proposition, and potentially a more expensive one. That makes an effective financial retirement strategy more important than ever.

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Risk Management

Insurance Planning is a very important part of your overall Financial Planning. Allen Insurance Group offers a variety of products that provide value and long-term protection for your family, which helps ensure that in the event of an early death, disability or illness, your family is taken care of financially.

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Tax Planning

This includes reviewing the types of investment income and strategies to minimize tax and increase your income. Working with you, an Allen Insurance Group advisor will analyze your current situation and review alternatives when searching for financial and insurance solutions.

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