Quirion Financial
Services

1085 Carrick Street
Thunder Bay, ON
P7B 6L9

807-622-3700
1-800-785-2877

Life Insurance

Many people take the time to insure their homes, their cars and their personal belongings, but what about insuring the two things that have the most value – your life and your health?

Deciding whether or not you need this coverage doesn't have to be any more complicated than determining your need for car or home insurance.

Think about it this way: insuring your life and health are really about insuring the income that supports your lifestyle.

Ask yourself, "if I die, will my family have the money to maintain their lifestyle?" If you've never considered critical illness, or long-term care insurance – also known as living benefits – ask yourself "if I get sick or if I can't look after myself, who will pay the bills or look after my needs?"

Life and living benefits insurance are essential components of a sound financial plan.

To determine how much coverage you need, start by gathering all your personal financial information and estimate what income your family will need after you die, if you become critically ill, or require long-term care. Include ongoing expenses such as:
  • Daycare
  • Mortgage payments and household expenses
  • Costs to maintain your business
  • Tuition
  • Retirement income funds

Also consider:
  • Immediate expenses at the time of death (medical bills, burial costs, estate taxes)
  • Expenses not covered by your provincial or employee health plan if you become critically ill, or can no longer take care of yourself - expenses such as: travel to treatment, modifications to your home, nursing home care.


If you're not familiar with life or living benefits insurance, it can seem like a different language. You'll hear things like universal life, critical illness, term insurance, and temporary and permanent needs. Understanding a bit about insurance can help you make an informed decision about the coverage that's right for you, your family or your business.

Basically, life and living benefits insurance can be broken into two types: insurance to meet your temporary needs and insurance to meet your permanent needs.

For your temporary personal and business insurance needs, we offer the most comprehensive, flexible and affordable portfolio of innovative term insurance products on the market.

Our living benefits include critical illness and long-term care insurance. Unique products that provide a benefit to you while you're alive.

Whether your needs are simple, or more complex, for your permanent life insurance needs, we offer the best universal life and whole life insurance plans available in Canada today.