iA Financial Group - Insurance ProductsFounded: 1892
  • Term Insurance
    Permanent Insurance
    Participating Insurance
    Universal Insurance
    Critical Illness Insurance

LICAT Ratio 2022
132%
Financial Rating: A+

IA FinancialLife insurance is an essential financial tool that provides individuals and their families with peace of mind and financial security in the face of unexpected events. iA Financial Group, a leading insurance provider in Ontario, offers a range of life insurance solutions designed to meet the unique needs and preferences of individuals and businesses. With a focus on flexibility, stability, and growth, iA Financial Group aims to ensure that its clients have the coverage and support they need to protect their loved ones and secure their financial future.

In this article, we will explore the various life insurance options offered by iA Financial Group, highlighting their key features, benefits, and suitability for different individuals and situations. Whether you are looking for term life insurance, permanent life insurance, participating life insurance, universal life insurance, or specialized life insurance, iA Financial Group has solutions tailored to meet your needs.

Term Life Insurance: Affordable Coverage for Temporary Needs

When individuals have financial commitments that are temporary, such as dependent children or short- to medium-term loans, term life insurance can be an ideal solution. iA Financial Group's term life insurance provides affordable coverage for a pre-determined period, offering protection to loved ones during times of greater financial responsibilities.

The key benefits of iA Financial Group's term life insurance include:

  1. Affordability: Term life insurance allows individuals to obtain higher coverage at lower premiums compared to permanent life insurance options.
  2. Flexibility: The coverage period of iA Financial Group's term life insurance can range from 10 to 40 years, allowing individuals to choose coverage that aligns with their changing needs.
  3. Simplicity: Once the term and coverage amount are selected, premiums and coverage remain fixed for the entire term.
  4. Accessibility: iA Financial Group offers specialized term life insurance options, such as Access Life, designed for individuals who may have difficulty obtaining traditional life insurance due to factors like age, health, or origin.

Example: Gianna, age 26

Let's consider the case of Gianna, a 26-year-old specialized educator who wants to protect her family from her student and car loan debt. iA Financial Group's Pick-A-Term T10, with a duration of 10 years, is an affordable option for her. The coverage amount of $100,000 and a monthly premium of $9 provide her with the necessary financial security.

Example: Max, age 35

Max, a 35-year-old self-employed computer engineer, recently purchased a townhouse with his spouse and plans to start a family soon. He wants to protect his investments and guarantee his family's security. IA Financial Group's Pick-A-Term T20, with a duration of 20 years, offers coverage of $750,000 and a monthly premium of $47 to meet his needs.

Example: Sylvie, age 50

Sylvie, a 50-year-old single mother of two teenagers who works at an accounting firm, wants to cover her needs until her children leave home. She aims to leave her family a debt-free inheritance in the event of her premature death. IA Financial Group's Pick-A-Term T15, with a duration of 15 years, provides coverage of $350,000 at a monthly premium of $62.

By offering a range of term life insurance options, iA Financial Group ensures that individuals like Gianna, Max, and Sylvie can choose coverage that aligns with their specific needs and financial circumstances.

Permanent Life Insurance: Ensuring Lifelong Protection

While term life insurance provides coverage for a specific period, permanent life insurance offers lifelong protection. IA Financial Group's permanent life insurance options, such as whole life, access life, child life & health duo, and life and serenity 65, provide individuals with the peace of mind that their loved ones and financial legacy will be protected.

Whole Life Insurance: Protecting Your Family's Financial Security

IA Financial Group's whole life insurance is designed to protect your family's financial security. Whether you're planning your life together, buying a property, having a baby, starting a business, or planning your retirement, whole life insurance provides the peace of mind you're looking for.

The key features and benefits of iA Financial Group's whole life insurance include:

  1. Lifetime Coverage: Whole life insurance provides permanent coverage, ensuring that your loved ones are protected throughout your lifetime.
  2. Legacy Planning: Whole life insurance allows you to leave a financial legacy for your loved ones, providing them with financial stability and support.
  3. Flexibility: iA Financial Group's whole life insurance offers options for individuals of different age groups, occupations, and financial circumstances.
  4. Guaranteed Values: Whole life insurance comes with guaranteed surrender values and paid-up insurance, providing additional financial security.

Access Life: Simplicity and Accessibility for All

IA Financial Group's Access Life is a specialized term life insurance product designed for individuals who may have difficulty obtaining traditional life insurance due to factors like age, health, or origin. Access Life offers comprehensive financial coverage without the need for a medical exam. Applicants only need to answer a few questions about their current health condition.

By offering simplified underwriting and accessibility, Access Life ensures that everyone has the opportunity to obtain the financial protection they need, regardless of their unique circumstances.

Child Life & Health Duo: Protecting Your Child's Future

IA Financial Group's Child Life & Health Duo is specifically designed to protect children for life and provide coverage in the event of critical illness. This life insurance product offers fully paid-up coverage by the time the child turns 30. It includes guaranteed insurability, surrender values, and coverage that adapts to the child's growing needs.

The Child Life & Health Duo provides parents with the peace of mind that their child's future will be protected, even in the face of unexpected health challenges.

Life and Serenity 65: Lifelong Coverage and Support

Life and Serenity 65 is a unique life insurance product offered by iA Financial Group. It provides individuals with lifelong coverage and offers financial support from age 65 in the event of loss of autonomy due to conditions like Parkinson's, Alzheimer's, paralysis, or loss of autonomy.

With Life and Serenity 65, individuals can rest assured that they will have the financial resources necessary to navigate the challenges that may arise later in life.

By offering a range of permanent life insurance options, iA Financial Group ensures that individuals can choose coverage that aligns with their long-term financial goals and provides lifelong protection for themselves and their loved ones.

Participating Life Insurance: Growth and Financial Security

IA Financial Group's participating life insurance combines the benefits of permanent life insurance with the opportunity for growth through dividends. Participating life insurance ensures the growth of your estate while providing financial protection to your family.

The key features and benefits of iA Financial Group's participating life insurance include:

  1. Dividends: Participating life insurance allows individuals to receive dividends, which can be used to increase the death benefit and total cash surrender value.
  2. Flexibility: IA Financial Group offers different payment terms and options, allowing individuals to customize their coverage and adapt it to their current needs.
  3. Guaranteed Values: Participating life insurance comes with guarantees for premiums, coverage amounts, and cash surrender values.
  4. Tax Advantages: Participating life insurance offers tax-preferred savings and potential tax-free death benefits.

Dividend Options: Maximizing Your Benefits

IA Financial Group provides individuals with four dividend options to choose from, based on their goals and preferences:

  1. Paid-up Additions: Dividends can be used to purchase paid-up insurance, which increases the coverage amount and cash surrender value, favouring the growth of your estate.
  2. Annual Premium Reduction: Dividends can be used to reduce the amount of the next annual premium without affecting the death benefit amount.
  3. Cash Payment: Dividends can be received in cash, providing individuals with additional liquidity while maintaining the cash value of the policy.
  4. Deposit with Interest: Dividends can be deposited into a savings account managed by IA Financial Group, allowing individuals to earn interest on their dividends.

The flexibility of iA Financial Group's participating life insurance and the various dividend options ensure that individuals can maximize the benefits of their policy and tailor it to their changing needs.

Universal Life Insurance: Flexibility and Tax Benefits

IA Financial Group's universal life insurance combines permanent life insurance coverage with savings and investment options, offering individuals flexibility and potential tax advantages.

The key features and benefits of iA Financial Group's universal life insurance include:

  1. Lifetime Coverage: Universal life insurance provides individuals with lifelong coverage, ensuring that their loved ones are protected throughout their lifetime.
  2. Savings Component: Universal life insurance includes a savings component, allowing individuals to accumulate tax-preferred savings for future financial needs.
  3. Investment Options: IA Financial Group offers a range of investment options within their universal life insurance policies, allowing individuals to grow their savings in line with their risk tolerance and financial goals.
  4. Tax Benefits: Universal life insurance offers certain tax advantages, such as tax-preferred growth and potential tax-free death benefits.

Universal life insurance is an ideal solution for individuals who want to leave a significant inheritance, maximize their savings within tax-efficient vehicles, protect the value of their company, or diversify their assets.

Specialized Life Insurance: Building and Protecting Wealth

IA Financial Group's specialized life insurance, known as Legacy, is designed to maximize the wealth individuals transfer to their loved ones while offering short-term liquidity and a wide range of investment options.

The key features and benefits of iA Financial Group's Legacy specialized life insurance include:

  1. Guaranteed Permanent Life Insurance: Legacy offers guaranteed permanent life insurance coverage, ensuring that individuals have lifelong protection.
  2. Short-Term Surrender Values: Legacy provides excellent short-term surrender values, allowing individuals to access liquidity when needed.
  3. Annual Bonus: Legacy policies include an annual bonus that increases the total surrender value and death benefit, further enhancing the policy's value.
  4. Investment Options: IA Financial Group's Legacy offers a wide range of investment options, allowing individuals to diversify their assets and access asset classes typically reserved for the institutional market.

Legacy is an ideal solution for individuals who want to maximize the wealth they transfer to their loved ones, benefit from short-term liquidity, and have the flexibility to grow their investments over time.

Conclusion

IA Financial Group is a trusted provider of life insurance solutions in Ontario, offering a comprehensive range of options to meet the diverse needs and preferences of individuals and businesses. Whether you are looking for term life insurance, permanent life insurance, participating life insurance, universal life insurance, or specialized life insurance, iA Financial Group has solutions tailored to your unique circumstances.

By offering flexibility, stability, and growth, iA Financial Group ensures that its clients have the coverage, financial security, and support they need to protect their loved ones, secure their financial future, and leave a lasting legacy. With a commitment to personalized advice and exceptional customer service, iA Financial Group is a reliable partner in navigating the complexities of life insurance and planning for a secure future.