At Donald Locke & Associates Inc. in Newfoundland, we believe everyone needs life insurance. It provides the funds required for your family to take care of high funeral costs and also provides monies to the surviving spouse and dependants so that they may maintain the same quality of life that they are accustomed to. To get started, contact us today.
Whole Life Insurance
Whole life, simply put, insures you for the rest of your life. Your premiums will never increase and the benefit amount you choose will never decrease.
Term Life Insurance
Term life insurance is a low cost life insurance that covers you for a certain term of years (i.e. 10 - 20 years). Term insurance can provide you with low costing life insurance when your liabilities are higher or if you have a short term need for extra insurance (i.e. mortgages, personal loans, children's educations).
Critical Illness Insurance
Critical illness provides money in the event that you are diagnosed with a life threatening condition. Illnesses such as Parkinson's, cystic fibrosis, cancer, heart attack and multiple sclerosis are very disabling, and may lead to expensive treatments. The money provided can help with medical expenses, household expenses, or for whatever purpose you wish.
Disability income insurance is the most important of all insurance programs. In the event of an accident or sickness, it will provide a monthly income to you. This monthly income replaces your salary that you have lost due to the accident or sickness. Depending on the benefit chosen, it can cover you for 2 years, 5 years or until age 65.
Guaranteed Issue Life Insurance
Guaranteed Issue life Insurance means that you cannot be denied life insurance coverage based on your present or past medical history.
Contrary to past beliefs, your mortgage insurance does not have to be with the same bank or financial institution as your mortgage. A standard mortgage insurance reduces in benefit as your mortgage reduces but your premium remains the same for the full duration of the mortgage. A term life insurance plan can cover the remaining amount of your mortgage and still have funds left over for your family.