Personal Insurance
Life, health, and income-protection insurance built around your family's real financial risks — not a one-size-fits-all policy.
Why Personal Insurance Matters
Provincial health plans cover a lot, but they don't replace lost income if you can't work, pay off a mortgage if you pass away unexpectedly, or cover prescription drugs, dental care, and vision. Personal insurance fills those specific gaps, so a single event — an illness, an injury, or a death in the family — doesn't also become a financial crisis.
Our Personal Insurance Products
- Term Life Insurance — affordable coverage for a set period, ideal for protecting a mortgage or young family.
- Permanent Life Insurance — lifelong coverage that can also build cash value over time, useful for estate planning.
- Disability Insurance — replaces a portion of your income if illness or injury keeps you from working.
- Critical Illness Insurance — pays a lump sum on diagnosis of a covered condition, on top of any income-replacement coverage you have.
- Final Expense Life Insurance — smaller, simplified coverage to handle funeral and end-of-life costs without burdening your family.
- Guaranteed Issue Life Insurance — no medical exam or health questions, an option when standard underwriting isn't a fit.
- Health & Dental Insurance — covers prescriptions, dental care, and vision beyond what provincial health plans include.
Frequently Asked Questions
What's the difference between term life and permanent life insurance?
Term life insurance covers you for a set period (like 10, 20, or 30 years) at a lower premium, and pays out only if you pass away during that term. Permanent life insurance (whole or universal) lasts your entire life, costs more, and can build cash value over time. Term suits people who need coverage for a specific period, like a mortgage or growing family; permanent suits estate planning and lifelong coverage needs.
What's the difference between critical illness and disability insurance?
Critical illness insurance pays a lump sum if you're diagnosed with a covered condition (like cancer, stroke, or heart attack), regardless of whether you can still work. Disability insurance instead replaces a portion of your income on an ongoing basis if an illness or injury prevents you from working. Many people carry both, since they cover different financial risks.
Do I need a medical exam to get life insurance?
It depends on the product. Standard term and permanent life policies usually require some health underwriting, which can include a medical exam. Guaranteed issue life insurance skips medical questions and exams entirely, making it an option for people who might not qualify for standard coverage, typically at a higher cost per dollar of coverage.
How much life insurance coverage do I actually need?
A common starting point is enough to cover outstanding debts (like a mortgage), replace several years of income for your dependents, and fund future obligations like a child's education. The right amount depends on your family situation, debts, and financial goals, so it's worth reviewing with an advisor rather than picking a number at random.
Can I combine multiple personal insurance products?
Yes. Most families layer coverage — for example, term life for income replacement, critical illness for a lump-sum safety net, and health & dental to cover day-to-day medical costs not covered by provincial health plans. DMPG can help you build a combination that matches your budget and risk exposure.