LIFE & HEALTH INSURANCE

What's in your future? Do you dream of buying a house or starting your own business. Perhaps there are educational opportunities you want to give your children or a once-in-a-lifetime vacation that you'd like to enjoy. Are you concerned with providing your family with adequate protection should you die prematurely.

An insurance policy can provide lifetime financial security for your family. MAP Insurance Inc. offers a wide variety of permanent and term life insurance products with the flexibility to meet your unique needs.

Term insurance offers life insurance protection for a specified period of time, such as five, ten or twenty years. Benefits include:

Affordability; provides insurance protection with relatively low premiums
Tax-free death benefits; proceeds from term insurance can be paid directly to the beneficiary tax free, bypassing the estate and probate delays
Creditor protection; term insurance may be protected from claims of creditors
Multiple lines covered under one policy; more than one person can be insured on a single policy
Conversion options; clients may convert plan to universal life or a permanent plan without providing evidence of insurability
Joint coverage; term insurance can be purchased on multiple lives
Optional benefits; may include, children's insurance, accidental death and dismemberment, and waiver of premium

A whole life insurance policy is designed to provide insurance protection for your entire life, with built-in savings element, provided premiums are paid as specified in the policy.

There are two major types of whole life; participating and non-participating. Participating whole life insurance appeals to people who are not interested in managing day-to-day investment risk and are attracted to the historical stability of the insurance companies. Equally important are the guaranteed inheritance in a participating whole life policy; level premium guaranteed for life; level death benefit; and guaranteed cash surrender value increasing over time.

Universal life combines permanent life insurance protection with benefits of tax-advantaged investing.

Health Insurance | Supplemental | Long Term Care | Critical Illness | Accident Disability

Coverage Types: INDIVIDUAL - COUPLE - SINGE-PARENT - AND FAMILY.

Four options are available:

OPTION ONE: BASIC HEALTH BENEFITS

100% reimbursement, no deductible, subject to $50,000 lifetime maximum per insured for all services combined.

Alternative Practitioners, Psychologists, Physiotherapists, Speech and Hearing Therapists, Accidental Dental Ambulance; Medical Equipment and Imaging, Orthopedic Devices, Home Nursing Care, and Travel Coverage.

OPTION TWO: ENHANCED HEALTH BENEFITS

100% reimbursement, no deductible, subject to $50,000 lifetime maximum per insured for all services combined.

OPTION THREE: with LIFE INSURANCE, AND ACCIDENTAL DEATH & DISMEMBERMENT

Life Insurance:

Insured $25,000
Spouse $10,000
Children $5,000

Accidental Death, Dismemberment and Accidental Fracture

Primary Insured ...

Accidental Death $25,000
Accidental Loss $25,000 to $50,000
Accidental Fracture $100 to $1,000

Spouse Insured ...

Accidental Death $10,000
Accidental Loss $10,000 to $20,000
Accidental Fracture $100 to $1,000

Dependent Children Insured ...

Accidental Death $5,000
Accidental Loss $5,000 to $10,000
Accidental Fracture $100 to $1,000

OPTION FOUR: CRITICAL ILLNESS COVERAGE

Insured and Spouse have face amount of $10,000 for:

heart attack, stroke, cancer, multiple sclerosis, motor neuron diseases, alzheimer's disease, parkinson's disease, coronary artery bypass, transplant of a vital organ, major organ failure, coma, paralysis, kidney failure, blindness, deafness, dismemberment, loss of speech, major burns, or a benign brain tumour

Prescription Drug Benefit

80% reimbursement for eligible prescribed medications
$5.00 per prescription co-payment
Annual maximum payable of $2,000

Hospital Coverage

100% up to $175 per day for a semi-private room in a public hospital

Dental Care Benefit

70% reimbursement with no deductible on diagnostic, preventive services, basic restorations, periodental benefits, surgical services, adjustment services, and denture services

Annual Maximum Dental Care Benefits

1st Year $500

2nd Year $750

Subsequent Years $1,000

Subject to a 3-month waiting period

Long term care can provide a daily or monthly benefit to fund the cost of nursing homes or home care.

DETAILS:

This is an affordable solution which protects savings, assets, and financial security from the cost of long term care
Provides the flexibility to choose a suitable facility or receive professional care in the home
Benefits are paid directly to the insured regardless of government aid
Benefits can be used to fund care or other out-of-pocket expenses not covered by government, such as wheel chairs or physical therapy

Those already needing care can purchase an annuity or guaranteed income plan to provide a specific monthly income.

What is your biggest asset? It's your ability to earn an income. Everything stems from earned income. Daily, millions of Canadians run the risk of losing it all. In a second...a disabling injury or sickness can jeopardize your most valuable asset, your ability to earn an income. Without it, everything you've worked so hard for could disappear .

What Are The Odds? In any given year:

1 in 106 people die

1 in 88 homes catch fire

1 in 70 motor vehicles is involved in an accident causing disability, injury or death

1 in 7 people are disabled.

Critical illness insurance can protect your assets, savings, and business from the costs associated with surviving a critical illness.

This insurance covers from 4 to 22 illnesses or conditions and provides a sump sum benefit to the following:

Protect your families lifestyle
Replace lost income
Keep your business going during recovery
Pay of your mortgage
Reduce debt incurred during illness
Make necessary renovations to your home
Protect savings and assets
Travel
Any other need or desire

Some critical illnesses covered are:

Coronary artery disease
Stroke and stroke related illnesses
Cancer

Your policy will clearly state what illnesses are covered.

What Are The Odds? In any given year:

1 in 106 people die

1 in 88 homes catch fire

1 in 70 motor vehicles is involved in an accident causing disability, injury or death

1 in 7 people are disabled.

BENEFITS:

$1000 to $4000 per month
Injury only, or injury and illness coverage
24-hour non-occupational coverage
Choice of elimination periods; zerio - 30 - or 120 days for occupational injury and 30 or 120 days for illness
Loss of income benefit based on gross revenue or earned income

FEATURES:

Partial disability benefit - 50% for up to 180 days
Waiver of premiums after 30 days of total disability and when benefits are available
Return to work assistance benefit, rehabilitation and financial assistance in returning to work
$10,000 accident medical benefit, providing payment for medical expenses not covered by provincial health plans, including physician, surgeon, and registered nurse fees

INCOME REPLACEMENT:

There is a wide range of income replacement products available for professionals, business owners, executives, part-time and home-based workers. For more details information, consult one of our insurance agents.