Insurance Solutions
Life insurance is the bedrock of longterm financial security for your loved ones as it provides a protective shield against debts, while acting as a resourceful cushion offering continued support for the maintenance of a comfortable standard of living.
Our far-sighted brokers are well equipped to provide sound advice and all-encompassing coverage to ensure the financial stability of your loved ones in the case of contingency.In the case of premature death a Life insurance policy can be used to:
- Cover final expenses
- Provide a source of income for loved ones
- Clear any long-standing debts- Offer resources to maintain good quality of life
- Leave behind a charitable legacy
What’s more, some of our policies provide great benefits that can be utilized while you are still living such as:
- Building tax-advantaged savings which can be utilized for business opportunities
- Retirement-supplemented income packages to provide long term care for yourself or a loved one.If you are interested in acquiring a plan which is suited to provide high, short-term protection for a low initial cost,
Term Life Insurance is the answer to your needs.Term Life insurance is an affordable way to acquire the coverage that you need today if you already have a mortgage and other obligations.
Permanent life insurance can protect you for your lifetime. There are two types of permanent life insurance—participating life insurance and universal life insurance.
Term Life Insurance
Before you say yes to mortgage insurance, consider a product designed to protect you and your loved ones–not your lender.Get more for your money with Term insurance
When you’re approved for a mortgage, your lender will offer to sell you mortgage insurance. That may seem convenient, but...before you say yes to mortgage insurance, you should know that you have other options. Protecting your mortgage with an individually-owned term insurance plan offers you and your loved ones better guarantees and greater choice.
Quite simply, Term Insurance provides better value, more flexibility—and in most cases at a lower cost. Take a look at the differences between protecting your mortgage using individually owned Term Insurance vs. most lenders' mortgage insurance
Mortgage Insurance vs. Term Insurance
Get more for your money with Term insurance
When you’re approved for a mortgage, your lender will offer to sell you mortgage insurance.
That may seem convenient, but...before you say yes to mortgage insurance, you should know that you have other options. Protecting your mortgage with an individually-owned term insurance plan offers you and your loved ones better guarantees and greater choice.
Quite simply, Term Insurance provides better value, more flexibility—and in most cases at a lower cost. Take a look at the differences between protecting your mortgage using individually owned Term Insurance vs. most lenders' mortgage insurance:
Permanent Life Insurance
Travel Insurance
Permanent life insurance can protect you for your lifetime. It can build a tax-advantaged cash surrender value and provide a death benefit. What types of permanent life insurance can you buy?
Universal life insurance combines permanent life insurance protection with a tax-advantaged investment component. As cash value accumulates, you can use it to pay part or all of your insurance charges.
This stream of protection combines Permanent Life Insurance coverage with a tax-advantaged investment component, thus as cash value accumulates it can be utilized to pay part or all of your insurance charge.
And so while providing continued security and protection through its life insurance component, this policy can also provide you with an additional source of income for emergencies, retirement and estate planning requirements. It is also possible to customize solutions that change over time to match your evolving lifestyle, budgetary and savings objectives.Participating life insurance combines permanent life insurance protection with a tax-advantaged savings component. It can protect you for life, provided your premiums are paid when due.
Participating life insurance policies also have a potential to receive policyholder dividends. This alternative combines Permanent Life insurance protectionwith a tax-advantaged savings component. It offers lifetime coverage as long as premiums are paid on time. This policy package also has a potential to receive policyholder dividends.
This stream of protection offers premium flexibility, a choice of riders and benefits which can be added to the basic policy and core guarantees for basic coverage, premium and death benefits.A Critical Illness Insurance policy is a durable form of protection that can provide you with a lump sum payment should you be diagnosed with a covered critical illness dependent upon the survival period being satisfied.
At HFG we understand the physical hardship, emotional strain, familial suffering and financial impact that a critical illness brings in it’s devastating wake. That is why we have provided an all inclusiveprotection package which can cover lost income, private nursing care, out-of-country treatment or even mortgage payments. In fact you are completely free to spend this money in any way you wish, this payment is designed to help you get the care you needwhile maintaining financial stability so that you can focus on making a full recovery.
Unfortunately critical illnesses are very widespread in our modern society and they can happen to anyone, medical statistics tell us that in Canada:
- There are an estimated 70,000 heart attacks each year.
- An estimated 40, 000 to 50, 000 strokes occur.
- 3,075 Canadians are diagnosed with cancer every week.
Critical Illnesses
Typical covered conditions:
Alzheimer’s Disease
Aortic Surgery
Aplastic Anaemia
Bacterial Meningitis
Benign Brain Tumour
Blindness
Coma
Coronary Artery Bypass Surgery
Deafness
Heart Attack
Heart Valve Replacement
Kidney Failure
Life-Threatening Cancer
Loss of Limbs
Loss of Speech
Major Organ Transplant on Waiting List
Major Organ Transplant
Motor Neuron Disease
Multiple Sclerosis
Occupational HIV Infection
Paralysis
Parkinson’s Disease
Severe BurnsStroke
At HFG, because travel insurance is what we also offer, we're very focused on helping you enjoy a worry-free experience while travelling in Canada, the US or abroad.
At HFG, because travel insurance is what we also offer, we're very focused on helping you enjoy a worry-free experience while travelling in Canada, the US or abroad. Whether you're a Canadian resident, Visitor to Canada, International Student or Canadian Expatriate, we help protect you and your family from unexpected costs due to a medical emergency. Our flexible, affordable insurance plans provide up to $5 million in Hospital and medical coverage, plus a variety of other plans including multi-trip and extended stay coverage for flexible, customized protection. If an emergency arises while you're away from your home province, territory or country, you can rely on our dedicated, knowledgeable service and support team at any time - day or night - to help you get effective emergency medical care.
Visitors to Canada plan is ideal for fulfilling new Super Visa requirements. On December 1, 2011, the Canadian Government introduced a Super Visa that enables parents and grandparents of Canadian citizens and permanent residents to visit their family in Canada for up to two years without needing to renew their status.A key requirement is proof of private medical insurance from a Canadian insurance company that is valid for a minimum of one yearCovers health care, hospitalization and repatriation Provides a minimum coverage of $100,000Is valid for each entry to Canada and available for review by a port of entry officerWith Visitors to Canada plan, we at Hunjan Financial group offer affordable, flexible, convenient protection that meets the Super Visa requirements.,
Disability Insurance
Unfortunately accidents and illnesses are a fact of life, they can occur to anyone at any time causing physical and mental strain while also hampering one's earning power. In fact:-On average 1 in 3 people will be disabled at least once before the age of 65 -The average length of a disability period ranges from 90 days to 2.9 yearsIn light of this reality, disability insurance provides options and financial security by replacing a portion of your earnings should and accident or illness cause you to becomeill, disabled or unable to work or earn income. At HFG we offer both personal and business disability insurance packages which offer flexible solutions to help bridge the gap between income and expenses during a period of disability.
Whether you're an employee, professional or executive your HFG financial advisorcan tailor a specialized plan to help meet your personal needs with a focus on allowing you to maintain your current standard of living even in the event that you should become disabled and unable to work in the future.
For business owners we offer specialized plans with features that allow you to protect both your independence and profitability. You can choose from plans that reimburse certain business expenses, fund buy-and-sell agreements, or plans that help hire a replacement for disabled employees. Above all our HFG professionals will give the utmost attention to helping you to maintain the monthly business expenses that you need to cover to maintain profitability should you become disabled in the future.
Long Term Care
There is a real chance that at some point in your life you may need to enter a long term care facility or receive special medical care in your home. This type of care does not come cheap, and depending on the level of care you may want or need, the cost may not be paid by your government health plan. With the benefit that comes from long term care insurance, you may not have to withdraw from your savings, or fully rely on other sources of funding.Two types of protectionThere are 2 types of long term care insurance policies:One reimburses you for eligible expenses you receive on a given day, up to a pre-set maximum.The other type of long term care insurance is the income-style plan, which is more flexible. It offers income when you require care. You don't need to prove you had expenses.We at Hunjan Financial Group offer the income style plan. You can use the income benefit to cover any type of service, including care received from family members.DefinitionsLong term care may include:nursing carerehabilitation and therapypersonal care (help with activities of daily living like dressing, eating and bathing)homemaking services (meal preparation, cleaning, laundry)supervision by another personCare may be provided in the home, in the community (e.g. Adult Day Centres), or in a facility that provides long term care.
Mortgage Insurance vs. Term Insurance
Before you say yes to mortgage insurance, consider a product designed to protect you and your loved ones–not your lender.Get more for your money with Term insuranceWhen you’re approved for a mortgage, your lender will offer to sell you mortgage insurance. That may seem convenient, but...before you say yes to mortgage insurance, you should know that you have other options. Protecting your mortgage with an individually-owned term insurance plan offers you and your loved ones better guarantees and greater choice. Quite simply, Term Insurance provides better value, more flexibility—and in most cases at a lower cost. Take a look at the differences between protecting your mortgage using individually owned Term Insurance vs. most lenders' mortgage insurance: