Even though most of us would hate to leave the financial burden of our end-of-life expenses behind, according to our research report, more than a third of Canadians don’t have life insurance.
Here’s the thing – life insurance is a handy financial tool for all kinds of families (if we do say so ourselves). In a nutshell, life insurance coverage gives your loved ones a payout after you pass away to help them financially when you’re no longer around. In return, you pay premiums each month that are based on a few things about you, like your age, health and how much coverage you need. Easy peasy!
We don’t want anyone to miss out on the benefits, so let’s take a closer look at how it works, shall we?
We’ll send you a free information brochure with everything you need to know about North Cover.
Life insurance is designed to support your loved ones financially when you’re no longer around. The payout can be used to help your family maintain their lifestyle and cover costs such as mortgage payments, education fees and final expenses.
North Cover Life Insurance provides flexible coverage between $100,000 and $1.5 million for Canadian residents aged between 18 and 70 (excluding Quebec). Our licensed advisors can help you choose coverage based on your needs and budget.
Our policies can also cover natural death and accidental death. Plus, if you’re diagnosed with a terminal illness, we’ll give you 100% of your benefit amount upfront1.
To get life insurance coverage, you’ll need to go through an application process. At North Cover, we make this as simple as possible, because we know you have more exciting things to do.
Here’s how it works:
It’s easy to get a quote from one of our licensed advisors. We’ll ask a few questions about you, including how much life insurance coverage you think you’ll need.
Our team will look over your application and assess your eligibility for coverage based on your age and the coverage amount you’re looking for. Once you’re approved, we’ll issue your policy and you’ll be covered.
At North Cover, we offer life insurance to Canadian residents aged between 18 and 70 (excluding Quebec). That can cover a lot of people at very different stages of life, so here are a few ideas for when you might want to consider life insurance:
North Cover lets you choose up to five beneficiaries to receive the payout from your life insurance policy. Not quite sure who to pick? Get the details on how to choose a beneficiary.
In the case of a terminal illness diagnosis, you will receive your full benefit amount upfront1. Your Policy Document covers all the specifics.
Just like the process to get a policy, we try to keep the claims process simple for everyone involved too. Once your beneficiary contacts us to submit a claim, we will work with them to make the process as straightforward as possible. After the claim is approved, your beneficiary (or beneficiaries) will receive the lump sum payment to the value of your coverage amount.
We also offer an advanced funeral benefit up to $15,000 (subject to approval), so your loved ones could have money on hand quickly to help pay for expenses that come up within the first few days of your passing.
Check out our claims page for more information.
From the old souls to the young at heart, Canadian residents aged 18 to 70 (excluding Quebec) can count on assistance when it’s needed most.
You may be eligible for between $100,000 and $1.5 million, depending on your age. The benefit can be used to cover costs like mortgage payments, education costs, final expenses – or simply leave it to your favourite folks as a financial cushion.
Living a healthy lifestyle has rewards. You’ll pay lower premiums for being a non-smoker.
We may provide $15,000 (subject to approval) to pay for immediate costs, like a funeral. However you want your life celebrated, know you’ve done what you can to plan ahead and help take the financial pressure off those you leave behind.
Natural death, accidental death, and terminal illness are all covered1. Take some of the worry out of your day-to-day knowing you’ve helped prepare for the unexpected.
Receive 100% of your benefit upfront if you’re diagnosed with a terminal illness with a life expectancy of 12 months or less1. Stress less and live more confidently knowing you’ve planned ahead.
We like making things simple. Get in touch with our licensed advisors to apply for coverage in just one phone call, with no medical or blood tests required.
Every loonie counts. We automatically give you the option to increase your coverage amount by 5% on your policy’s anniversary to help cover changes to your lifestyle. You may contact us to opt out at any time.
Get in touch with our team of licensed advisors who can provide you with a quote in minutes.
Tell us what amount you need and tailor your policy to what works for you. If you're unsure, our licensed advisors can help guide you.
Protect your loved ones from your final expenses, including funeral costs.
Trust us, we hate wasting time as much as you do. We make getting a quote simple, so have us give you a call or request a quote today.
