As a Broker, we provide unbiased advice to match your needs and we focus solely on your personal or professional situation. Once we understand your needs, we do the shopping for you that will ultimately provide you with the right coverage at a competitive price.
All of us at Atlantic Shield Insurance & Financial Inc. are licensed professionals and believe it is our responsibility to serve your best interests by providing you with impartial advise and recommendations that you can trust.
mortgage protection insurance
Help protect your loved ones, your home and your savings with insurance that covers your mortgage payments in case something happens to you.
Enjoy worry-free travel with Atlantic Shield's plan. Out of province emergency medical coverage for travel abroad. Plans for every type of travel and budget.
frequently asked questions
What's the difference between mortgage life insurance and term life insurance?
There are two main ways to help your family pay off your mortgage if you pass away: mortgage life insurance and term life insurance.
Mortgage life insurance typically pays the death benefit to the lender. The coverage amount declines as your mortgage balance decreases, but your premiums stay the same. If you switch mortgage providers, you generally have to reapply for mortgage life insurance.
Term life insurance pays the death benefit to your beneficiary, not the lender, and your beneficiary can decide how to spend the money. The coverage amount and your premiums stay the same during your plan's term. You own your coverage so you can keep it if you switch mortgage providers.
I don’t make a lot of money. Roughly how much does life insurance cost?
There’s really no magic number for this. A life insurance agent will make recommendations based on your individual needs by conducting a financial assessment to evaluate your current situation, your financial needs and responsibilities and your future goals. You can tell an insurance agent what you can afford and they can put forward solutions for discussion that suit your finances. There are a lot of different life insurance policies to choose from and you can usually arrange to make affordable monthly payments (premiums). You can also get quotes online from us, we're here to help.
How much life insurance do I need?
There is no one-size-fits-all answer. The amount of insurance you will need is a highly personal decision. A life insurance agent will look at your assets, debts, personal situation, financial goals and your family’s needs so they can make recommendations tailored to you. Remember, your needs might change throughout your life, so it’s a good idea to review your policy at milestone events such as getting married or having a baby.
Am I too old to get insurance?
You can apply for insurance up to age 85 and as young as 15 days old.