Offering both Individual Life Insurance and Corporate Life Insurance, the specialists at Lawrence Joseph Associates Ltd. will guide you in creating a life insurance package tailored to your specific needs. We independently represent all major insurance carriers in Canada, which means that you, our client, will automatically obtain the most cost efficient plan for your needs. Call the life insurance experts at Lawrence Joseph Associates Ltd and see what creative life insurance solutions we can find for you.
Take comfort in that your insurance plan delivers long-term protection, all with potential tax-saving advantages.
Life insurance exists to make sure the people who depend on you are protected from financial hardship if you are no longer there to provide. In Canada, the death benefit is generally paid to your named beneficiary tax-free, giving your family the means to pay off a mortgage, clear outstanding debts, replace your income, and fund longer-term goals such as a child's education. The right amount of coverage removes the uncertainty at the worst possible time and lets your loved ones grieve without also worrying about money.
Term life insurance covers you for a defined period — commonly 10, 20 or 30 years — and offers the most coverage per premium dollar, which makes it well suited to protecting a mortgage or income during your working years. Permanent insurance (whole life or universal life) lasts your entire lifetime, builds cash value, and is often used for estate planning, leaving a legacy, or creating tax-advantaged growth. Many clients combine the two. Because we are independent, we compare both approaches across every major carrier and recommend the mix that fits your needs and budget rather than a single company's products.
Beyond personal and family protection, we arrange corporate-owned life insurance for business owners. This can fund a shareholder buy-sell agreement so a surviving partner can buy out an estate, protect the business against the loss of a key person, and provide tax-efficient ways to extract value from a corporation. We work alongside your accountant and tax advisor to make sure the ownership and beneficiary structure is set up correctly from the start.
An agent who works for one insurer can only offer that company's products. As an independent brokerage, Lawrence Joseph Associates Ltd. represents all the major Canadian carriers, so we shop your application across companies to find the most cost-efficient plan and the underwriting most likely to approve you on favourable terms. Our advice is built around your needs, and our inquiries are always without charge.
Critical illnesses and medical conditions such as cancer, heart attack and stroke are stressful enough without the financial burden associated with an extended recovery and lost income. Lawrence Joseph Associates Ltd. can help you identify any gaps in your existing insurance plan not covered by Disability Insurance, allowing you to focus on your health and recovery in the event of a critical illness.
Ask us about our wide range of policies and benefits, including an innovative plan that offers a full return of premium after 15 years, with early surrender benefit.
Critical illness insurance pays a tax-free lump sum if you are diagnosed with one of the conditions named in your policy and survive the waiting period. Unlike life insurance, the money is paid to you while you are living, and there are no restrictions on how you use it — replacing income while you recover, covering treatments or medication not paid for by the province, paying for help at home, or simply keeping the household running so you can concentrate on getting well.
Anyone whose household depends on their income should consider critical illness coverage, but it is especially valuable for self-employed professionals and business owners who do not have an employer's sick-leave or disability program to fall back on. It also complements disability insurance: disability coverage replaces a portion of your income over time, while a critical illness benefit gives you immediate cash up front when a diagnosis hits.
Critical illness policies vary widely in the conditions they cover and the features they include. We offer a broad range of policies and benefits, including an innovative plan that returns the full premium after 15 years if you have not made a claim, with an early surrender benefit. We will compare the options across carriers so you understand exactly what is covered and can weigh the cost against the peace of mind it buys.
Concerned about the possibility of long waits, and wrong diagnosis under provincial medical care in the case of a serious illness? Talk to the experts at Lawrence Joseph Associates Ltd. about an insurance plan to cover the costs of world class re-evaluation of your medical situation, as well as the costs for medical treatment in the USA.
Quebec's public health plan covers medically necessary care within the province, but it was never designed to pay for a fast second opinion at a leading clinic, for treatment outside the country, or for the costs that pile up while you wait for a diagnosis or surgery. Supplementary medical insurance is built to bridge exactly those gaps, so that in a serious illness your options are guided by what is best for your health rather than by what the public system covers.
A serious diagnosis raises urgent questions: is it correct, and where can I get the best treatment? A supplementary plan can cover the cost of a world-class re-evaluation of your medical situation and, where appropriate, the cost of medical treatment in the United States. For many clients, the value is not only financial — it is the confidence that they can act quickly and seek out the best care available without delay.
Providing peace of mind for you and your loved ones, Long-Term Care Insurance is designed to help you maintain your independence should you one day require long-term professional care. With options that include home care coverage and long-term care facilities, the insurance experts at Lawrence Joseph Associates Ltd. can help you select the coverage that best protects your assets, while preserving your lifestyle.
Long-term care insurance helps pay for the assistance you may need when you can no longer manage everyday activities — bathing, dressing, eating, or moving around — on your own. Coverage can apply to care delivered in your own home, in an assisted-living residence, or in a long-term care facility. Because these costs can run for years and are not fully covered by the public system, the right policy protects both your savings and your family.
Without coverage, the cost of long-term care is usually paid out of personal savings, which can quickly erode an estate you intended to pass on. A long-term care policy lets you choose where and how you receive care, relieves your family of the burden of becoming full-time caregivers, and preserves your lifestyle and your legacy. It is most affordable when arranged while you are still healthy, so it is worth planning ahead rather than waiting until care is imminent.
A key part of your insurance plan, Disability Insurance is designed to protect you from potential loss of income not covered by Worker’s Compensation or Unemployment Insurance. Whether you are a business owner or a professional, we offer a broad range of competitive policies with features such as recurrent disability coverage, rehabilitation programs, and total disability coverage.
Call the Disability Insurance experts at Lawrence Joseph Associates Ltd. and see how we can help you select the Disability Insurance that best protects you.
Most people insure their home and their car, yet the asset that pays for everything — their ability to earn an income — often goes unprotected. Disability insurance replaces a portion of your income if an illness or injury keeps you from working, covering the gaps left by Workers' Compensation and Employment Insurance, which are limited in both amount and duration. For self-employed professionals and business owners in particular, an individual policy is often the only meaningful safety net.
Not all disability policies are equal, and the fine print determines whether a claim is paid. We arrange competitive policies with features such as recurrent disability coverage, rehabilitation programs, and total disability coverage, and we pay close attention to how each contract defines "disability" — including own-occupation definitions that protect specialized professionals. An individually owned policy also moves with you between jobs and can be structured so the benefit is received tax-free.
Disability insurance works best as part of a complete plan. It pairs naturally with critical illness coverage — one provides an immediate lump sum on diagnosis, the other replaces income over the longer recovery — and we make sure the two do not overlap or leave a gap. If you already have group coverage through an employer, we review it against individual options to find any shortfall and recommend the most cost-effective way to fill it.
Term life insurance covers you for a set period — typically 10, 20 or 30 years — and pays a benefit only if you pass away during that term. It offers the lowest cost per dollar of coverage, which makes it ideal for protecting a mortgage or replacing income while children are young. Permanent insurance (whole life or universal life) covers you for your entire lifetime and builds a cash value you can borrow against or surrender. Many of our clients hold a combination of both. Because we are independent, we compare term and permanent options across all major Canadian carriers and recommend the structure that fits your goals and budget.
There is no single answer — it depends on your debts, your income, the number of people who depend on you, and the legacy or estate-tax obligations you want to cover. A common starting point is enough to clear your mortgage and other debts, replace several years of income, and fund future needs such as a child's education. For business owners, coverage may also need to fund a buy-sell agreement or protect a key person. We sit down with you, review your full picture, and identify any gaps in your existing coverage before recommending an amount.
Yes. We arrange individual life insurance for families and personal estate planning, and corporate life insurance for business owners — including coverage that funds shareholder buy-sell agreements, protects against the loss of a key person, and creates tax-efficient ways to move money out of a corporation. We will guide you in creating a package tailored to your specific needs.
In Canada, the death benefit from a life insurance policy is generally paid to your named beneficiary tax-free. Properly structured permanent policies can also accumulate cash value on a tax-advantaged basis. Tax rules are detailed and depend on how a policy is owned — particularly for corporately owned insurance — so we coordinate with your accountant or tax advisor where appropriate to keep your plan efficient.
They cover different risks. Life insurance pays out when you pass away; critical illness insurance pays a tax-free lump sum while you are still living, if you are diagnosed with a covered condition such as cancer, heart attack or stroke. That money can replace lost income, cover treatment not paid by the province, or simply remove financial stress during recovery. We can help you identify gaps in your existing plan that disability and life coverage do not address.
Some critical illness policies include a return-of-premium feature: if you never make a claim, you can receive a refund of the premiums you paid after a set period. We offer an innovative plan that returns the full premium after 15 years, with an early surrender benefit. It is one of several options we will walk you through so you can weigh cost against the value of getting your money back.
No. RAMQ covers medically necessary care within the province, but it does not cover the cost of a rapid second opinion, treatment in the United States, or care while you wait for a diagnosis or surgery. Supplementary medical insurance is designed to fill those gaps — including world-class re-evaluation of your medical situation and the cost of treatment abroad — so a serious illness does not also become a financial or logistical crisis.
Long-term care insurance is generally most affordable and easiest to qualify for when you are healthy and in your 50s or early 60s, well before care is needed. It helps cover home care or a long-term care facility should you one day be unable to manage daily activities on your own, protecting your assets and your family from those costs. We can show you options that include both home-care coverage and facility care.
Group disability coverage is valuable, but it is often capped, may be taxable when the premium is employer-paid, and disappears if you change jobs or become self-employed. An individual disability policy moves with you, can be structured to pay tax-free benefits, and can include features such as recurrent disability coverage, rehabilitation programs and own-occupation definitions. We compare your group coverage against individual options to find any shortfall.
Often, yes. Because we represent all the major carriers rather than a single insurer, we can shop your situation across companies with different underwriting appetites. We specialize in difficult risks and have repeatedly secured reasonable coverage for clients who were declined elsewhere. There is no charge to ask, so it is always worth letting us review your situation.