CAA Protect

What is life insurance?

Life insurance helps ensure that your beneficiaries are equipped to deal with the financial impact of your passing. Policy payments can be made monthly, quarterly or annually.

What is term life insurance?

Term life insurance offers coverage for a fixed amount of time. During this period, monthly or annual premiums remain the same, making it easier to manage costs.

What is permanent life insurance?

Permanent life insurance helps provide coverage for the length of your life. It’s designed to build cash over time that can be borrowed against, providing long-term financial security.

What is disability insurance?

Also referred to as income replacement insurance, disability insurance helps protect you and your family financially in the event of unexpected illnesses or debilitating accidents. Typically, it replaces 60% to 85% of regular income, up to a maximum amount. Disability insurance is ideal for those who are: Self-employed Sole earners requiring financial security for major expenses from loss of income

What is critical illness insurance?

Critical illness insurance helps protect against the impact of life-threatening maladies. Diagnoses result in one-time lump sums for expenses such as daycare, health care support or accessibility renovations. The amount received depends on the level of coverage and is usually paid as a benefit after diagnosis. Critical illnesses may include: Cancer Heart attack Stroke And up to 22 other critical illnesses