Purpose is what
gives life a meaning.


Our Products

Term Life Insurance
With this coverage, your insurance costs remain the same for a specific period of time, or a term. You choose the coverage amount and term length. If you die while the policy is in effect, a tax-free payment will go to the people or charities you named. At the end of the term, you can end your coverage, renew it, or you may be able to convert it to longerterm or permanent life insurance.

Permanent Life Insurance
As opposed to term life, this coverage remains in effect for the duration of one’s life. Premiums can be fixed or variable and some types of permanent insurance accrue cash value. These policies some can be used as an investment vehicle that is a very effective means of estate and tax planning.

Mortgage Life Insurance
This pays the outstanding amount of one’s mortgage if they die, allowing their family to stay in the home without having to worry about the outstanding debt. When mortgage insurance is purchased directly through an insurance company, the death benefit does not decrease with the outstanding principal, and the entire face amount is payable directly to the insured’s family.

Long Term Care Insurance
This plan provides a monthly benefit if you become unable to care for yourself due to aging, an accident, illness or deteriorated mental abilities. The qualification for the monthly payments is not dependent on being unable to work, proof of reduction in income, or proof of expenses incurred. It’s an effective way to protect against the erosion of personal assets and retirement savings.

Disability Income Replacement
If you become disabled and are unable to earn an income, this replaces a portion of your pay. According to the policy, a disability can result from a number of causes, including an injury, a serious illness or a mental health issue.

Critical Illness Insurance
In the event that someone contracts a critical illness (including, cancer, heart attack and stroke), this coverage provides a lump sum payment that can be used for any purpose including covering medical expenses and replacing lost income.

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    We're here to help you use your assets to fulfill the purposes value most. To discuss your financial, insurance, or investment planning needs, please call us at 416-787-6176 or email purpose@algbrown.com.

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