Life insurance built around the people who depend on you.
Tell us who you want to protect and what financial responsibilities you want covered. A HIFA broker can help you compare the options.
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WHAT IT CAN HELP WITH
Financial support for the people who depend on you.
Income Replacement
Can help replace part of the income a household depends on.
Mortgage and Debt
Can help provide funds toward a mortgage or other financial obligations.
Family Expenses
Can help support day-to-day costs, childcare or education needs.
Final Expenses
Can help with certain end-of-life expenses, including funeral and related costs.
Business Obligations
For some business owners, life insurance may also play a role in business planning.
Legacy and Estate Planning
Some policies may be used as part of broader estate or legacy planning.
What a policy pays and when depends on the contract and the insurer. A broker can walk through the wording with you.
COMMON OPTIONS
The main types of life insurance.
Term Life
Coverage for a set period. Often used for temporary needs — a mortgage, income replacement, or the years while children are at home.
Permanent Life
Designed to stay in force for life as long as the policy requirements are met. Structures and costs vary by product.
Whole and Universal Life
Both are forms of permanent coverage. They differ in how the premium, the cash value and the flexibility are structured.
This is a high-level view. Which option fits depends on what the coverage is for and how long you need it.
WHO IT MAY BE FOR
When life insurance can be worth reviewing.
Buying a home
Getting married
Starting a family
Children who depend on your income
Taking on significant debt
Becoming self-employed
Owning a business
Supporting aging parents
Planning an estate
WHAT AFFECTS THE PRICE
What insurers look at.
Age
Health
Smoking status
Coverage amount
Coverage type
Length of term
Occupation
Certain hobbies and activities
Medical history
Family medical history
BEFORE YOU QUOTE
What we’ll ask you.
01
Who do you want the coverage to protect?
02
What financial obligations should it help with?
03
How much coverage are you considering?
04
How long do you expect to need it?
05
What is your age and general health?
06
Do you already have coverage through work?
WHEN LIFE CHANGES
Times to review your life insurance.
Getting married
Two incomes and shared obligations change the picture.
Having a child
A new dependant is the most common reason to revisit cover.
Buying a home
A mortgage is usually the largest obligation to account for.
Changing jobs
Coverage through work rarely follows you out the door.
Starting a business
Income becomes less predictable and obligations often grow.
Taking on significant debt
New borrowing changes what the coverage needs to do.
Divorce or separation
Beneficiaries and obligations may both need updating.
Children becoming independent
The amount you need may fall as dependants fall away.
WHY HIFA
A conversation before a recommendation.
WE START WITH THE NEED
We look at who depends on you and what financial obligations matter.
WE EXPLAIN THE OPTIONS
Term and permanent insurance can serve different purposes.
YOU CAN ASK QUESTIONS
A broker can help you understand the trade-offs before you decide.
Common questions
Life insurance questions.
How much life insurance do I need?
What is the difference between term and permanent life insurance?
Does life insurance get more expensive as I get older?
Do I need a medical exam?
Is the life insurance through my employer enough?
Can business owners use life insurance as part of business planning?
READY TO TALK?
Let’s figure out what coverage makes sense.
Tell us who you want to protect and what financial responsibilities matter. A HIFA broker can help you compare the options.
Want to talk now?