Prepare for the unexpected
Protect
Start with the risks your household would struggle to absorb, then learn which forms of protection are designed for them.
Questions this pathway can help with
- How much life insurance could my family need?
- What happens if I cannot work?
- What is the difference between term and permanent insurance?
Open a topic to learn what it means, what to compare, and which questions to ask next.
01Life insurance and 20-pay coverageCompare term, permanent, and limited-pay coverage in plain language, including common uses and tradeoffs.
What to understand
- Begin with the financial gap a death could create: lost income, debts, final expenses, education costs, and ongoing support for dependants.
- Term insurance covers a stated period and does not build cash value. Permanent insurance is designed for lifetime coverage while the policy remains in force and may include cash value features.
- A 20-pay permanent plan can be a strong choice when you need lifelong protection and prefer to complete the scheduled premiums over 20 years. The base coverage is then paid up and can remain in force for life, subject to the issued contract; premiums are typically higher than term insurance and optional benefits may have separate charges.
- Compare the benefit amount, premium pattern, renewal terms, exclusions, ownership, and beneficiary instructions—not only the initial price.
02Disability protectionUnderstand how income-replacement coverage can support you during an extended disability.
What to understand
- Disability insurance is intended to replace part of your income when illness or injury prevents you from working.
- The definition of disability, waiting period, benefit period, monthly maximum, exclusions, offsets, and tax treatment all affect what the policy may provide.
- Review workplace coverage first. Self-employed people may also need to separate personal income needs from fixed business expenses.
03Critical illnessLearn what lump-sum coverage is designed to do and what policy definitions matter.
What to understand
- Critical illness insurance generally pays a lump sum only when a diagnosis meets the policy's definition and other contract conditions.
- Compare the covered conditions, exclusions, survival or waiting requirements, premium terms, and whether partial benefits exist.
- The benefit may help with costs or time away from work, but it serves a different purpose from health, disability, and life insurance.
What Horizon offers
A family protection review built around real obligations
We can help you identify the financial gap an illness, injury, or death could create, then explain coverage options that may address it.
What you receive
- A needs summary covering income, debts, dependants, and existing protection
- A comparison of relevant term, permanent, 20-pay, disability, and critical illness coverage options
- A plain-language review of premiums, exclusions, waiting periods, and policy definitions
- Quote, application, and follow-up support when you decide to proceed
Coverage, pricing, and eligibility depend on the insurer's underwriting and the final policy terms. Insurance advice and applications are handled through appropriately licensed professionals.
Request a protection reviewWant help with your next step?
Send me a message, and let’s take 15 minutes to talk it through.
— Anand, Horizon Wealth Builders Canada