facebook pixel

A Canada Post strike began on September 26, 2025, which may result in delays in the delivery of insurance documents. We encourage you to use our available online tools to manage your policy.

find a broker

Find a Broker

FR

Heart and health icon

Home > Insurance > Life Insurance

Life Insurance

Look Ahead with Life Insurance Protection

At Western Financial Group, we partner with Canada’s leading insurers to bring you flexible and affordable protection plans tailored to your life stage. Whether you're looking for term life, permanent life, or add-ons like critical illness or disability, we’re here to help you make informed decisions and secure your family's future.

     

Over 9,000 5-Star Reviews

Personalized Coverage, Best Rate.

As Canada’s Insurance Broker, our team of insurance experts is here to make sure you have the best coverage for your unique needs.

Why Protection Matters

When people think about insurance, they often picture worst-case events. In reality, life and health coverage are about creating stability for the people you love. The right plan helps your family avoid financial hardship during difficult times, so they can grieve, recover, and move forward without added stress.

Protection also supports you while you are living. Coverage such as critical illness or disability can step in when an unexpected diagnosis or accident keeps you from working. That means your income and household responsibilities remain on track.

Life insurance and protection plans do more than provide a payout. They can:

  • Replace lost income so your family can maintain their lifestyle
  • Cover debts such as a mortgage, car loans, or credit cards
  • Fund children’s education or future plans
  • Pay final expenses including funeral, legal, and taxes
  • Provide peace of mind during serious illness or disability
  • Support caregiving obligations for elderly parents or dependents

Ultimately, insurance protects possibilities. It gives you confidence to plan for milestones, care for your family, and know that safeguards are in place if life takes an unexpected turn.

Life, Health & Protection Insurance

Protecting your family and your future starts with the right coverage. From life insurance to health, dental, and disability plans, Western Financial Group offers solutions tailored to your needs, budget, and stage of life.

Types of Protection You Can Get

At Western Financial Group, we offer a range of life and health protection options to match your stage of life, budget, and goals. Explore the plans below and choose what fits your needs.

Term Life Insurance Most popular

Great for young families and mortgage protection.

Who it’s for
Young families, mortgage holders, fixed-period needs
Key features
Lower cost, fixed terms (10/20/30 years), renewable or convertible
Good to know
Premiums may rise on renewal; coverage ends when the term ends

Permanent Life Insurance

For lifelong protection and estate planning.

Who it’s for
Long-term security, estate planning, lifelong coverage
Key features
Lifetime coverage, potential cash value, level premiums
Good to know
Higher cost; medical underwriting may be required

No-Exam / Simplified / Guaranteed Issue

Faster approvals when health is a concern.

Who it’s for
Older applicants or anyone with health concerns
Key features
Few health questions (or none), quick approval
Good to know
Lower coverage limits and higher premiums

Critical Illness Insurance

A lump-sum payment if you’re diagnosed with a covered illness.

Who it’s for
Anyone wanting extra protection alongside life insurance
Key features
One-time, tax-free benefit on diagnosis (per policy terms)
Good to know
Not a substitute for life insurance; covered conditions vary by policy

Disability Insurance

Income replacement if an illness or injury stops you from working.

Who it’s for
Anyone whose household depends on their income
Key features
Monthly benefit replaces part of your income during disability
Good to know
Look at waiting period, benefit period, and exclusions

Mortgage Life Insurance

Protection designed around your home loan.

Who it’s for
Homeowners looking to protect mortgage balance
Key features
Pays down or pays off mortgage on death (per policy)
Good to know
Often decreasing term; less flexible than standard life policies

Ask us how life insurance can protect you and your family.

How Much Coverage Do I Need?

We work with Canada’s leading insurance partners to get you the right life insurance coverage at the right value.

  • Start with income replacement: e.g. 5–10× your annual salary
  • Add: existing debts (mortgage, loans, credit cards)
  • Add: future obligations (child’s education, wedding, caregiving)
  • Subtract: existing assets & savings
  • Factor in inflation, cost of living, desired lifestyle

Why Choose Western Financial Group?

  • Independent brokerage: We don’t favour one insurer, we shop for you
  • Access to multiple top carriers across Canada
  • Personalized advice from licensed brokers
  • Streamlined quotes, comparisons, and support
  • Claims support and ongoing policy reviews
  • Transparent costs, no hidden fees
  • Local presence & service across provinces
Does My Child Need Sports Insurance

August 22, 2024

Does My Child Need Sports Insurance?

School-aged children who participate in sports can benefit from having sports insurance. Thi…

Read

Why Small Business Owners Need Life Insurance

June 4, 2024

Why Small Business Owners Need Life Insurance

Why Small Business Owners Need Life Insurance As a small business owner, you’re busy r…

Read

Do Post-Secondary Students Need Life Insurance

March 26, 2024

Do Post-Secondary Students Need Life Insurance?

Life insurance for university and college students has the advantage of providing a layer of…

Read