"We can help you with segregated fund policies, RRSP's, loans, guranteed investments, payout annuities more "

 

"You have a variety of needs that we can satisfy with insurance. Whether it's life insurance, disability insurance, critical illness insurance or health and dental insurance, we can help"

Kalia Insurance

Kalia Financial specializes in a variety of Insurance solutions that are important for us all. With the ability to understand which solution is appropriate for you, your family or business. Please contact us for a meeting and we will be happy to review the solutions available to you. In the meantime, here are some of the Insurance options available to you.
 

What is Life Insurance?

At the most basic level, life insurance is a type of insurance that will pay a one time cash payment to one or more designed people at the time of the insured's death.

Like any other insurance, in exchange for manageable period payments (called a premium) life insurance is designed to compensate in the event of a financial loss in the future. Just as car insurance protects your family from financial loss in the event of an accident and homeowner's insurance protects your family from financial loss in the event your house is damaged, life insurance protects your family from financial loss in the event that a family provider (whether of wages, childcare, eldercare or other means) dies.
 

When Do I Need it?

You need life insurance when others depend on you financially or otherwise. So, if no one depends on your income or labor to support them, you probably don't need life insurance. However, if there is someone that depends on you to support them (financially or otherwise), you need life insurance to provide for that some in the event of your death.

We find that in most families, both parents (or caretakers) will need life insurance because each parent (or caretaker) is either providing income or vital services that the family depends on. However, as your children (or dependents) mature and become financially independent, there is less need for life insurance to protect them. Of course, special considerations are needed for families with long-term needs.

On the other hand, if your family wealth is great enough that the death wouldn't effect your family's financial security (or if no one is depending on your income or other labor for their support), then life insurance may not be needed. Likewise, few minor children need life insurance because they usually are not providing income or vital services that the family depends on.
 
 

What Type Should I Buy?

There are two broad categories of life insurance, term and permanent.

Term insurance is simple and straightforward life insurance that is for a certain period of time (usually 1 year, 10 years, 20 years or 30 years). Term insurance is called "term insurance" because it is active for only a certain period of time (much like a United States President is elected for a certain "term" of four years). Term insurance typically only costs a fraction of permanent insurance.

Permanent insurance, on the other hand is more complicated life insurance because it combines insurance with investments. Permanent insurance is called "permanent" because even "permanent" policies last for the entire life of the insured person ("permanent" is a bit of a misnomer because even "permanent" policies expire when the insured dies). Permanent insurance typically costs much more than term insurance because of its investment component and lifelong coverage. Keeping these two main distinctions in mind is very important. Determining if you want term or permanent insurance is the most important step in determining what type of life insurance you should buy.

Kalia Financial has designed this site to help you decipher the life insurance code, determine the type and amount of life insurance you really need and make the best life insurance choice for you and your family. 

Kalia Financial can help you get the best on all your life insurance needs. Contact our Network Today!!!!

Insurance Comparison

 
Insurance Type
Premium
Death Benefit
Cash Accumulation
Investment Choice
 
Term
Level Term Insurance
Relatively low, fixed
Fixed during the term, then zero
No
No
Renewable Term Insurance
Relatively low, increasing
Fixed
No
No
Decreasing Term Insurance
Relatively low, decreasing
Decreasing during the term, then zero
No
No
 
Permanent
Whole Life Insurance
Relatively high, fixed
Fixed minimum amount, some upside
Yes
No
Universal Life Insurance
Relatively high, flexible
Variable
Yes
No
Variable Whole Life Insurance
Relatively high, fixed
Fluctuates with the performance of the investment
Yes
Yes
Variable Universal Life Insurance
Relatively high, flexible
Fluctuates with the performance of the investment
Yes
Yes