Individual Products

Prepare for life’s journey

At Schmunk Gatt Smith & Associates, our business is your peace of mind.

Our years of experience and knowledge in life insurance and health plans make sure your investments pay off… in more ways than you planned for.

Life Insurance

Safeguard your family’s future.

Life is full of financial responsibilities and no one likes to think about the unthinkable, or the burden on those they love the most should the unthinkable happen. Life insurance is a way to safeguard your family’s lifestyle and financial future.

Term life insurance is a simple, affordable solution. It offers a wide range of benefit amounts with premiums guaranteed for a set term. And budgeting for it is easy, because the premiums do not change for the length of the term.

Have you considered term life insurance as an alternative to mortgage life insurance? Traditional mortgage insurance benefits decrease as your mortgage balance decreases. With term life insurance, the benefits of insurance remain constant over time. Term life insurance offers your beneficiaries the option of how to spend the life benefit, when it’s needed.

Individual Extended Health & Dental Insurance

Ongoing support for your well-being.

If you are retiring, your group health plan coverage may be ending. More than ever, living on a fixed income becomes the time to include financial protection— health insurance — in your budget. That way, you continue your coverage for the routine expenses that aren’t part of your provincial health insurance plan. And you are prepared for those situations you didn’t plan. 

For more information, see Manulife

Travel Insurance

One more way to relax while you’re travelling.

Travelling to another province or another country? How about knowing that you are protected against medical expenses that may result from an accident or illness? Then you can relax and enjoy the pleasures that travelling brings.

Travel insurance plans can also protect you against costs due to unforeseen events – such as luggage mishaps, a missed flight connection or a cancelled/interrupted trip.

For more information, see Manulife.

Individual Long Term
Disability Insurance

You’ve got your back.

Most people insure their material possessions—their homes and cars, for example. But many don’t insure what is probably their most valuable asset —their ability to work and earn income.

Are you taking yourself for granted?

If you become sick or are injured and can’t work, will you be able to pay your bills and maintain your standard of living? If you depend on your income to pay the bills, you need to seriously consider buying disability income insurance. Disability income insurance can help you by replacing a portion of your income. It can help you maintain your current lifestyle and help protect you and your family from going into serious debt.

Individual Critical Illness

The roadside assistance you hope you’ll never need. Few of us want to contemplate the reality of being diagnosed with a serious illness. It’s likely even fewer of us have given any thought to how we’d cope emotionally or financially.

Medical advances mean that your chances of surviving a critical illness improve daily. Even so, you may want to consider that:

- An estimated 70,000 heart attacks strike Canadians every year.
- Canadians suffer from more than 50,000 strokes per year.
- On average, 3,300 Canadians will be diagnosed with cancer every week.

A critical illness insurance plans means that when you are diagnosed with a covered illness, you’ll qualify to receive a one-time lump sum payment. Typically, the amount is paid directly to you, to spend however you wish. With your financial worries reduced, you can spend your energy where it’s needed –focusing on your recovery.

For more information, see Manulife

Retirement / RRSP / Pension

Creating a comfortable future.

Schmunk Gatt Smith & Associates is a leading Segregated Funds provider through Empire Life’s Class Funds. These funds guarantee minimum returns of 4% per year in the accumulation phase. Negative market returns will never produce negative returns under these plans.

When the account is converted at age 65, income is guaranteed for the life of the individual, regardless of what the market returns. Planning to retire early? Options are available as early as age 55 at reduced withdrawal rates.

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