Individual Insurance

Be Ready for Everything

 

Insurance offers you financial strategies that set you up regardless of how life changes.

  Different from Benefits, Insurance can be defined as:

  • coverage - aka financial security - for individuals and their families

  • an arrangement that provides a guarantee of compensation for specified loss, damage, illness or death in return for payment or premium

 

Learn more about the types of coverage we offer clients:

 

Consultants, Professionals & Business Owners

Who Qualifies?

Comprehensive Individual Insurance Options

Ideal for Consultants, Professionals & Business Owners

*Current clients of Vital Partners

Allows you to:

  • Be more prepared for the unexpected

  • Top up your group benefits coverage

  • Own the policy - i.e. it follows you regardless of what happens to your employment or group coverage

  • Receive higher benefit maximums

  • Enjoy policy flexibility with a range of solutions geared to change as your life changes.

 

Vital Partners Makes Risk Management Easy

Protect your family and business against potential loss of income with effective risk management options.

 

Life Insurance

As brokers, Vital Partners accesses cost-effective solutions from almost any insurer in Canada.

Depending on your budget and goals, solutions may include term, permanent and hybrid solutions.

 

Term Life

Funds to pay off debts and other financial obligations upon death.  May include replacing your income, providing money for children's education and final expenses.

This is typically the lowest-cost way to provide for your loved ones in the event of your death.  You choose what you pay and what your beneficiaries receive.

 

Permanent Life

Lifetime coverage for estate planning.  

If you are looking to pass on some of your wealth to children or other family members, a charity, or to find tax-sheltered growth opportunities, there are several options to consider.  Talk to us about what's important to you.

 

Key Person and Buy/Sell Coverage

Our businesses thrive on the key people who build and lead them.  Protectign your business against the death, disability, or critical illness of an owner or key person can ensure continuity and financial security when the unexpected occurs.  With Key Person and Buy/Sell coverage, you can:

  • Gain peace of mind and practical preparedness

  • Pre-established funding for the buy/sell arrangements incorporated in your Unanimous Shareholders' Agreement

  • Deduct premiums as a business expense

 

Disability

This option will give you income replacement if unable to work due to injury or illness.  Individual coverage is portable and typically includes more robust contract wording than group coverage.  Ideal for people who don't have adequate coverage through a group policy or for those who are not covered by a group plan.

 

Critical Illness

Critical Illness insurance allows for a one time, lump sum, tax-free cash payment if you are diagnosed with a covered condition.  Money can be used for whatever is needed at the time: access to alternative health care, reduction of debts or to supplement disability insurance payments. 

 

Travel

Protect against emergency medical costs outside of your home province.

Heading backcountry skiing?  Scuba diving at a depth exceeding 30 meters?  Engaging in a contact sport outside of your home province?  Talk to us about optional coverage for adventure, extreme or contact sports.

 

We've partnered with TuGo, one of Canada's top travel insurance providers so that our clients can travel with confidence.  TuGo delivers affordable rates and reliable customer service when travelers need it most.

Get a Quote Now

 

Travelers love TuGo insurance. 

Read More.  

Health & Dental

The proper coverage can provide assistance for predictable as well as unforeseen medical and dental expenses. 

You determine which plan and which premiums suit you best. 

 

Leaving a Group Plan?  

You may be able to convert to an individual plan regardless of your previous group plan provider. 

 

Plan Choices

Your choice of plan is dependent on whether or not you wish to answer medical questions.

 

No - I do not wish to answer questions.

 

If you or your dependents are currently taking a significant number of medications or have other health concerns, and/or do not wish to answer medical questions, we would recommend the following conversion options programs:

  • Budgeting assistance for predictable expenses like dental, vision, and prescription drugs

  • Coverage for unexpected events such as ambulance, hospital, or medical supplies.

  • Multiple insurers to choose from including:

          Green Shield Link

Great West Life Plan Direct

Alberta Blue Cross Blue Assured

Alberta Non Group Coverage

 

Yes - I'm happy to answer questions. 

 

If you have limited or no prescription medications or limited ongoing health needs, you may wish to consider applying for coverage by answering medical questions. These programs are typically less expensive and offer enhanced prescription drug coverage:

  • Lower premiums than conversion options

  • Higher benefit maximums than most conversion options

  • Budgeting assistance for life’s routine expenses

  • Coverage for the things that life throws at you and you don’t expect

  • Multiple insurers to choose from including:

          Green Shield Zone

Great West Life Sonata

Alberta Blue Cross Blue Choice

"After adding my first employee, Vital Partners took the time to sit down with me and figured out exactly what would work best for us.  They completely customized a plan for both benefits and insurance and took all the stress out of the process.

 

Thank you so much for making sure that we are well taken care of!"

 

Rebecca Frederick, Owner

CREATIVE NOBILITY