Frequently asked questions (FAQs) about Protect Your Wealth

Life insurance companies can only offer their own products and solutions. As an award winning life insurance broker, we are able to compare multiple insurance company’s products and solutions to find the right one for you.

Never a cost! There is absolutely no fee or cost to you at any time.
We are compensated directly from insurance when you purchase a policy, with no out of pocket cost to you.
Simple answer, no! As a completely independent insurance broker we have the ability to compare multiple companies and can offer the exact same quote as an in-house insurance representative. The difference is we are able to compare multiple companies instantly and provide you the best solution.

Never! We offer in-house advice and will never sell or distribute your information. Your information remains private and confidential at all times. See our Privacy Policy for more information.

We can 100% guarantee you will NEVER be pressured to purchase any policy at any time. We are here to help you make an educated decision when the time is right for you.
Your policy will always remain directly with the insurance company. All premiums and policy information are collected and stored with the insurance company directly.

Yes, we are licensed to sell insurance anywhere in the provinces of Alberta, British Columbia, Manitoba, and in Ontario. Whether in person or remotely via video conference or phone. We are licensed by the Alberta Insurance Council, Insurance Council of British Columbia, Insurance Council of Manitoba, and by the  Financial Services Regulatory Authority of Ontario (FSRA).

Every situation is unique. However today you may be insurable and tomorrow you may not. Furthermore, with added pressure on interest rates, insurance companies are starting to increase premiums. If you have a need for life insurance, it is always best to get insurance as soon as possible.

Whole Life is a permanent lifelong insurance solution which offers both a savings component and insurance. Term Life is a temporary solution which offers guaranteed premium and coverage for a specified period of time.

Depending on your circumstances there are multiple ways to calculate how much insurance you may require. It could be a combination of eliminating debts, providing final expenses or replacing income. Whatever the methodology it comes down to what gives you peace of mind. Working with our experts we will provide guidance, however ultimately you will make the decision that puts your mind at ease. 

Check out How Much Life Insurance Do I Need in Canada for tips on finding the right coverage with approximate monthly rates for different life insurance policies and companies.

Many factors contribute to the cost of insurance. Age, smoking status, face amount, length of term, and medical risks are all taken into account. Our experts at Protect Your Wealth will compare options with more than a dozen life insurance companies to find the best solution for you at no cost.

Read our article about Guaranteed Issue vs Simplified vs Fully Underwritten Life Insurance for comparing common insurance types.

For example, here are approximate monthly rates for a 40 year old male and female seeking $250,000 coverage for a 10-year term life insurance policy who are smokers and non-smokers.

Monthly rates for a 10-year term life insurance for a 40-year old seeking $250,000 in coverage for male/female smokers/non-smokers from different companies.

Monthly rates vary on how much life insurance coverage you want, to see different coverages or policies check out How Much Life Insurance Do I Need in Canada.

Yes it is certainly possible to get insurance. We have access to a wide variety of policies for all different types of health history. 

Check out our blog on our Guide to Life Insurance With Medical Conditions In Canada

Find out if Critical illness insurance or Disability insurance is right for you here.

You will always have complete control and are able to cancel any application at any time without penalty. Once the policy is put in force, you have a 10 day free no obligation look at the policy. Thereafter, you may cancel at any time without penalty regardless of the term (minus the premiums paid during the time coverage was in place). Note some policies may have a return of premium or cash value which after a certain time may allow you to receive 100% or more of all premiums paid.

We offer multiple ways to service your needs. Phone, email, text, video conferencing and in person are all available on our Contact Us page. You may schedule a quick 15 minute initial consultation by visiting our schedule page found here:

Remember there are never any fees associated with using our award winning service.

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Contact Protect Your Wealth today to learn more about our comprehensive insurance, retirement planning & investments – each fully customizable for your needs.