Term life insurance provides coverage for a fixed period (10, 20, 30, 35,40 or 100 years). If the insured passes away during the term, the beneficiary receives a tax-free lump sum benefit.
Whole life insurance provides coverage for your entire lifetime. Unlike term insurance, it never expires as long as you keep the policy active. Many plans allow you to pay premiums for 10 or 20 years only, after which your policy stays in force for life.
Financial support when you need it most — and your money back if you don’t.
Critical illness insurance pays a lump sum, tax-free benefit if you are diagnosed with a covered serious condition (such as cancer, heart attack, or stroke). This benefit helps cover medical costs, living expenses, or lost income during recovery.
An account that is used for investment assets and holding savings RRSP’s have many kinds of advantages when it comes to taxes. As long as they fall within the guidelines of the Canadian Income Tax Act. Mutual funds, income trusts, mortgage loans, bonds, and savings accounts are all approved assets. RRSP rules will determine the max contributions, allowable assets, and the converting of the account to a Registered Retirement Income Fund (RRIF) at age seventy one.
A TFSA is an account that provides tax benefits for saving. Investment income, including capital gains and dividends, earning in a TFSA is not taxed in most cases, even when withdrawn. TFSA with substantial gain could be taxed. Contributions to a TFSA are not deductible for income tax purposes, unlike contributions to a Registered Retirement Savings Plan (RRSP). A TFSA may contain cash and/or other investments such as mutual funds, certain stocks, bonds or guaranteed investment certificates (GICs).
A first home savings account (FHSA) is a registered plan allowing you, as a prospective first-time home buyer, to save for your first home tax-free (up to certain limits).
With over 10 years of experience in the insurance industry, our team of experts has the knowledge and skills to guide you through the insurance process. We have helped many clients find the right coverage at the right price.
We offer a wide range of insurance products, including Life, Health, Critical Illness, Disability, Visitor & Super Visa Insurance, Travel Insurance, RESP, RRSP/TFSA, and Mortgage Insurance. Our goal is to provide you with comprehensive coverage tailored to your unique needs and budget—giving you peace of mind and financial security.
Fill out the form with any questions you have about finding the coverage that's right for you!
Pankaj Babbar : 613 630 1717 info@saiinsurances.com
Monday - Friday: 9am - 7pm
Saturday: 10am - 3pm
Sunday: Closed
