Products

Mortgage Solutions
mortgage There are generally two ways to get a mortgage in Canada: From a bank or from a licensed mortgage professional. While a bank only offers the products from their particular institution, licensed mortgage professionals send millions of dollars in mortgage business each year to Canada’s largest banks, credit unions, trust companies, and financial institutions; offering their clients more choice, and access to hundreds of mortgage products! As a result, clients benefit from the trust, confidence, and security of knowing they are getting the best mortgage for their needs. Whether you’re purchasing a home for the first time, taking out equity from your home for investment or pleasure, or your current mortgage is simply up for renewal, it’s important that you are making an educated buying decision with professional unbiased advice.
 
Our Mortgage Agent, Sherry Corbitt, is also a Certified Divorce Financial Analyst. This allows Sherry to be uniquely qualified to help clients going through the stress of separation understand their challenges and mortgage needs. You can find Sherry’s full mortgage website at www.mortgagesindurham.com and also a helpful divorce website with information and contact for some of Durham’s top professionals at www.divorcehelpdurham.com.
Insurance
insurance When considering Insurance Solutions there are many company products in the marketplace. As a consumer you will require an insurance professional to help find the right solutions for you and your family.
 
The protection you are looking for could meet immediate needs such as Travel Insurance or Health and Dental Benefits, to long range needs or plans such as Long Term Care or Life Insurance. Whatever you are planning, I’m hoping to guide you to the solutions you are looking for.
Life
life Whatever stage of life you’re in, protecting your family from the unexpected could be one of the most difficult things to do. No one likes to think of the possibility of death at any age. Life insurance can be purchased to cover for short term or long term needs.
 
Term insurance is to protect against a loss within a period of time such as 10, 20 or even 30 yrs. Many consider this option to cover a mortgage. Permanent or Whole Life Insurance is an option to cover last expenses or just to make sure your loved ones are taken care of financially
Critical Illness
criticalillness Getting sick isn’t something any of us likes to think about. But it happens. If it does thanks to improvements in healthy living and medical science, there is a good chance you will recover and get on with your life. But getting better costs money. Treating and coping with illness can mean significant and often unexpected costs. Critical Illness Insurance is designed to help you with the unexpected.
 
It provides a cash benefit if you’re diagnosed with one of the conditions described in the contract and you survive the waiting period. This can give you the financial freedom to focus on what really matters … getting better. Benefit amounts range from $25,000 to 2 Million dollars. Coverage Types – Term or Permanent, available to purchase up to the age of 60.
Disability
disability The fact is that disability strikes working people far more often than premature death. A 20 year old man is about three times more likely to be disabled for at least 90 days than he is to die before the age of 65. And a 35 year old women is about seven times more likely to face disability than death before 65.
 
Source: “disability Insurance: where will the money come from if you are disabled/, Canadian Life and health Insurance Association” Disability Insurance is put in place to provide an income if you can no longer work due to injury or illness. Are you self-employed? Disability Insurance can also cover business overhead so that your business can continue to run until you are back on your feet. Whether you are a professional or in a skilled trade there is a disability insurance solution right for you
Long Term Care
longtermcare When you planned for your retirement, did you think about long term care? Probably not, but you might want to think again. There’s a good chance that at some point during your retirement, you or your spouse will need long term care and it’s important to be prepared. What is long term care? Long term care insurance provides a benefit in the event that an individual is assessed as being and continuing to be functionally dependent. Generally this means that the individual must not be able to perform a specified number of activities of daily living or what we call “ADL’s ” or they must have a cognitive impairment.
 
ADL’s include bathing, eating, dressing, toileting and transferring, while cognitive impairment generally refers to a loss of mental capacity, as demonstrated by the individuals inability to think, perceive, reason or remember. A long term care policy may be structured as a reimbursement policy or an income policy. A reimbursement policy reimburses the insured for the actual cost of the services received up to a daily / monthly maximum. An income plan will pay a pre- determined monthly income regardless of the cost of services rendered.
Health & Dental Benefits
healthdental Just because you do not have access to a group benefits packages does not mean you cannot get a health package to insure your family’s medical and dental expenses. Health Insurance is there to reimburse everyday expenses like dental or vision, but in reality it is there to protect your family from the unexpected.
 
Unexpected illness or accident can occur at anytime. Prescription drug costs are on the rise because of ongoing medical advances.Did you know some cancer medications can run up to a 1,000.00 per week and Multiple Sclerosis maintenance drugs can range anywhere from $20,000 per year and up.
 
If you wait until you are diagnosed with a medical condition that requires ongoing treatment or prescription drugs it will become very difficult or impossible to get insurance from a private carrier at the levels of coverage you will require. Not sure what the government covers?
Travel Insurance
travel Whether you are travelling abroad or staying close to home travel insurance is a very important component of your travel arrangements. Coverage limits range between 1 and 5 million dollars of liability, to cover unexpected illness or injury while travelling away from your province of residence.
 
Travel insurance can be purchased per trip from 1 day to 212 days for Ontario residents and may be extended to longer periods with the approval of the Government Health Insurance plan( GHIP ). Multi trip plans or Annual Plans are available for those frequent travelers, and can be renewed annually. No matter if you will only be travelling once or are becoming a frequent travel , we have a plan that’s best for you.
Home & Auto Insurance
homeauto Every person is unique which means your insurance needs will not be the same as a neighbour, friend or family member, because of this we have access to multiply companies so that we can find the insurance protection that is right for you at a competitive cost.
 
In Partnership – Products and policies offered to the clients of Home Life Financial Solution Centre are done so on the behalf of our Principle broker James W. Kloepfer Insurance
 
www.kloepferinsurance.ca/