Insurance Planning

Looking to get an insurance that fits your needs?

Insurance protects and provides financial security from a number of unforeseen events including death, disability, and critical illness. To build wealth, you not only need to preserve it but also protect it from these events. Along with your financial plan, Karma Financial will provide an Insurance plan designed to protect your wealth from all these adverse events.

Whether you are an individual or business owner, insurance planning is vital to your financial success.

Karma Financial offers comprehensive insurance solutions that cover your needs. We offer the following type of insurance solutions for our clients:

Life Insurance Solutions

Life insurance provides a lump sum payout in the event of your death. The payout could be used to pay-off an outstanding mortgage, leave a bequeath, buyout your partner’s shares in a company, or cover estate taxes. Your age, health and other factors will determine the premium on life insurance coverage. Here is a look at a few popular options that are available for you.

Term Insurance

Get coverage for a specified period with this flexible and affordable insurance option.

Whole Life Insurance

Get protection for your whole life with guaranteed and permanent financial security for your family members. Whole life insurance combines a death benefit with an investment portion. This investment portion can build a cash value, which can be used to borrow against or fund an early retirement.

Universal Life Insurance

Get tax advantaged coverage with investment growth with universal life insurance coverage. Policyholders have the flexibility to adjust their premiums and death benefits. They also have the flexibility to choose from a selection of investments to grow their investments within the policy.

Living Benefits

Disability Insurance

Disability insurance provides replacement of a portion of your income if you become disabled and are unable to earn an income from your profession.

Critical Illness Insurance

Receive a lump-sum benefit if you become are diagnosed from a set of covered illnesses such as heart attack, stroke, or cancer.

Long-Term Care Insurance

Long term care insurance provides an income-style benefit if you become unable to care for yourself and perform two of the six activities for daily living due to aging, an accident, illness or deteriorated mental abilities.

Combined Insurance

Karma Financial also has insurance solutions that combine several types of insurance solutions into one bundled solution including: disability insurance, critical illness insurance and life insurance.

Travel Insurance

Whether you are a snowbird, frequent traveller or expecting a visitor to Canada, Karma Financial can provide the right travel insurance solution for you.

Our travel insurance solutions include: trip interruption, trip cancellation, emergency medical care, private/semi-private care, baggage coverage and air ambulance or commercial flight.

Get Insured to Help with Expenses and Emergencies

Insurance is meant to keep you safeguarded and protect your finances in case of unexpected emergencies. You may also need to adjust your insurance plan when:

Purchasing a new home

Getting married or starting a new family

Retiring from your work

Starting a new business

Estate Planning

We offer tailor-made insurance advice and top insurance solutions from leading companies to safeguard your savings and net worth. Get in touch with us for a free consultation!!!