Long Term Disability
Term life insurance is a life insurance product for those who are looking to save money but receive ample coverage in the event of a death. Term insurance protects the insured for a specified time period. Terms can be obtained in quantities of 10-, 15-, 20-, or 30-year increments. Our brokers can help you find the right term insurance length...Learn More
Whole life insurance is a form of life insurance meant to protect you throughout the entirety of your life. Similar to other life insurance products, it accrues a financial cushion to protect your loved ones in the event of your passing. This includes payments toward taxes, debts, and funeral costs. Permanent life insurance has a...Learn More
We all hope to lead long healthy lives, but what happens if life has other plans? Long term disability insurance helps protect you financially if you develop a disability. A disability is an illness or injury which prevents you from working as you would normally. Long term disability insurance provides monthly payments, like...Learn More
Life has a way of delivering the unexpected. Universal life insurance helps ensure you are prepared for whatever may come your way. No matter your age, your life is an investment. Through education, the collecting of assets, financial accumulation, employment, and building a family you love. All the elements of your life are worth...Learn More
Nobody plans on getting sick, but a critical illness can strike when you least expect it. Being prepared with critical Illness insurance, ensures you and your family are protected as you seek treatment and recover. Falling ill can impede you from earning a livelihood. It may also create medical bills which aren’t covered by your...Learn More
Nobody expects life to be cut short or impeded by injury or illness. Life insurance is there to protect you and your family from financial hardship created by these situations.
A life insurance policy can take many forms, depending on the type of coverage you want to include. At Ron Johnston Insurance, we work with both personal and commercial life insurance clients across Ontario. Some of the life insurance products we offer, include:
A term life insurance policy covers you for a specified term. In Ontario, the most common term options are:
Some term policies are intact until a set age. If your term policy ends, you can choose to extend it, or opt for a different policy.
Many term policy holders select this life insurance product because it has a lower premium than lengthier contracts. It offers the same type of protection while active, but without the high price tag.
Whole life insurance policy protects for the entirety of your life – not just a specified term. The policy may extend up to a specific age, normally something outside of the range of an average human life, such as 120-years.
Unlike term insurance, your whole life plan builds as the policy continues. This means the payout accumulates, rather than remaining at a set amount. Whole life insurance plans tend to have higher premiums.
Universal life insurance is a two-pronged policy. It includes the standard financial protection offered in most life products, but also includes an investment aspect.
A universal policy lets you pay your premium, and the remaining money is funneled into tax free investments of your choosing. These investments are transparent to you and can be bequeathed in the event of your death.
The money is accessible to you anytime and if you cancel, you will receive the cash in your account (minus a surrender value if you cancel before the ten-year mark.
There are minimums for borrowing and spending with universal insurance, so be sure to ask your life insurance broker about the fine print of your policy.
Missing work due to a disability can be debilitating to your financial standing and self esteem. Long term disability insurance protects you from loss of income by paying up to 90% of your monthly wages.
Disability insurance is a worthwhile investment, ensuring you can pay for everyday expenses like:
Your long-term disability coverage may have a cap on the amount or time frame for which you receive payments. It is important to thoroughly check your policy.
Critical illness insurance is coverage used when you are afflicted by an illness which keeps you from working or may lead to death. Examples of critical illnesses include, but are not limited to:
- Alzheimer’s Disease
- Kidney Failure
- Requirement of Organ Transplant
- Heart Attack or Stroke
Having a critical illness comes with additional expenses, including:
- In-home care
- Transportation to medical facilities
- Specialty services
- Respite care
While the Canadian government pays for many medical expenses, not everything is covered through standard medical care. This means you are left paying out of pocket.
Why Buy Life Insurance with Ron Johnston?
For more than four decades, Ron Johnston Insurance has served the people of Ontario in a broad range of life insurance services.
Being a local business, our team of experienced brokers know we aren’t just serving clients, but friends and neighbours. We strive to provide the greatest level of protection on all life insurance policies while meeting your budget needs with every quote.
When you work with Ron Johnston Insurance for your life insurance policy, you work with a team who believes in:
- Above and Beyond – Our life insurance brokers work around the clock to find the best deals for our clients. We aren’t satisfied until we know all your needs have been met, and you have peace of mind about your life insurance.
- Express Claims – We offer express claims on our life insurance for accessibility and convenience.
- Customer Satisfaction – Your satisfaction is important to us. Our business is protecting you and your family from financial complications due to injury, illness, or death. If you aren’t satisfied, we aren’t doing our job right.
What Does Life Insurance Cover?
Life insurance can be used for any number of things. In the event of a claim, your loved ones can use your life insurance payout for:
- Education costs
- Vehicle payments
- Funeral costs
- Debt repayment
- Home renovations
Life insurance covers you in the event of accidental death, murder, critical illness, disability, and many other facets of illness, injury, or death. Some life insurance policies do not protect in the event of a suicide.
There are different types of life insurance as outlined above, including:
- Whole Life
- Long-term Disability
- Critical Illness
The type of coverage you purchase will alter the types of claims you can make and the resulting payouts.
Additional Life Insurance Coverages
Your initial life insurance policy may not offer enough coverage for your individual needs. You can add extended life insurance protection to cover additional needs. These add-ons, include:
- Guaranteed Insurability– If you need to change your policy in the future, guaranteed insurability ensures you do not require further medical tests to achieve more coverage.
- Family Income Benefit– If the insured part passes, a family income benefit provides consistent payout to your beneficiaries as a source of income.
- Accelerated Death– If you are diagnosed with a critical illness, accelerated death benefits give you the ability to use your claim money during the end of your life. Any residual money left to claim will go to your beneficiaries in the event of eventual death.
Frequently Asked Life Insurance Questions
At Ron Johnston Insurance, we want our clients to have all the facts. To keep you informed on life insurance products, we’ve included some of our most frequently asked questions.
Do you have more questions for Ron Johnston Insurance? We invite you to call us at 1-705-325-6200 and speak to one of our experienced life insurance brokers today
I really enjoy dealing with my broker at Ron Johnston insurance. Neil McKendrey has helped so much, with all of my commercial insurance needs for running my business! I would highly recommend dealing with RJI for their great quality of service!
Their whole staff is great, and Chris is a lifesaver. Strongly recommend them!
Ron insurance we're really professional people and help me out greatly with my policy