Our Alberta life insurance solutions provide financial protection for your loved ones should you pass away. Whether your goal is to leave a legacy, cover your funeral expense, take care of estate tax, or to pay off your mortgage, at Mission Insurance, we offer different insurance plans tailor-made to your specific needs to help you achieve your long-term financial goals, even after your demise. 

 

What is Life Insurance?

Life insurance is an agreement between you and your insurer, where if you pass away, they will pay a death benefit: a lump-sum of tax-free money to someone you choose. In exchange, you agree to periodically pay them an insurance premium, which is a small amount of money over time. Also, you and your insurer both decide on the amounts of cash coming in and out and the timeframes involved.

​

Life insurance is a responsible financial investment that enables you to secure assets for your loved ones after you pass on. The security of this death benefit ensures that things you want for your family, like their immediate needs, financial freedom, a mortgage-free home, and college tuition are well taken care of even though you are no longer around. In a nutshell, life insurance is an income replacement source for the people who are financially dependent on you when you pass away. It’s a protection for your loved ones that helps to minimize or eliminate the financial distress they may face as a result of your passing. This protection gives them a seamless transition from one source of income (your salary) to another (death benefit) to meet their needs, and to ensure that their quality of life is not compromised.

 

At Mission Insurance, we offer a wide range of competitive life insurance plans through our ace partner insurance companies. This will enable you to find the right protection based on your unique circumstance. To ensure that all associated risks are properly evaluated and premiums are accurately calculated, we have partnered with Canada’s leading insurance companies that do their due diligence in making an objective assessment of your health and other conditions specific to you before issuing you an insurance policy.   

​

 

 

 

 

 

Generally, we offer two types of life insurance plans, term and permanent.  

 

Term Insurance Plans

Term insurance plans provide guaranteed coverage during the term of your contract, for example, ten years. During the term, your premium is guaranteed and will not increase. Term insurance plans can usually be converted to permanent plans, up to a certain time or age, and are renewable for additional terms, without you providing insurability evidence, such as health and financial requirements. 

 

Permanent Insurance Plans

Permanent insurance plans provide coverage for your entire life. When you pass away, your beneficiaries will receive the death benefit, provided that regular and adequate premium payments have been made. Permanent insurance plans could include attractive investment options that will enhance your savings substantially, usually on tax-advantaged bases. Permanent life insurance plans play an important role in estate planning and tax optimizing strategies. 

​

Affordable Life Insurance Solutions

Whatever type of life insurance plan you choose to go for, be it term or permanent, having an insurance policy doesn’t need to break your bank account. We have years of experience dealing with reputable life insurance companies. So, this means we have at our fingertips the best life insurance plans that will best suit your needs. 

​