Wealth & Life Insurance Services | Nour Private Wealth Canada

Private Wealth Services

Nour Insurance Services

When creating a comprehensive wealth plan, it is essential to include insurance services in Canada as a means of protecting against unforeseen circumstances. Wealth Insurance is a key component of such a plan, as it can provide a cash benefit to you or your beneficiaries in the event of disability, illness, or death, depending on the type of insurance services you choose. Finding the right insurance product and determining the appropriate amount of coverage can sometimes become overwhelming. That is where our team of insurance experts at Nour Insurance Services Inc. (NIS) comes in, providing you with the guidance you need to decide what product suits your needs best. Whether it’s family protection, income protection, business continuity, wealth accumulation, or estate preservation, we can help you develop a strategy ideal for you and your family.

Do I need life insurance?

This is the first question most people ask, and it is a fair one. The answer is almost always “yes,” unless you already have sufficient assets in place to provide for your family if you pass away. The primary purpose of life insurance is to ensure that a family is provided for when the primary provider passes away. Depending on your financial situation at the time of death, your family and estate can find themselves facing a variety of financial needs after you die. These include funeral expenses, outstanding debts, lost income, emergency funds, money to cover your children’s education, and mortgage payments. A life insurance policy can cover some or all of these requirements.

How much life insurance do I need?

Begin by calculating your insurance needs. Add up all the needs your family would face in the event of your death – such as those listed above – and then buy at least that much insurance. One of our wealth advisors will be able to help you determine the exact amount of insurance you need.

What is the difference between permanent life Insurance and term life Insurance?

Permanent life insurance covers you throughout your life, while term life insurance will only cover you for a set, limited period. Permanent life insurance costs more but will always pay out a death benefit, no matter when you pass. Term life insurance is only valid for a set time – usually 10, 20 or 30 years. At the end of that period, the cover will end, or you can extend it for another term. This option is less expensive and only pays a death benefit if you pass away during the specified term.

Health insurance services in Canada

These are the types of insurance we offer: Disability Insurance for income protection if you’re unable to work, Critical Illness Insurance for a lump-sum payout upon diagnosis, Long-term Care Insurance for coverage of extended care services, Synergy Health Insurance combining life, critical illness, and disability coverage, Health and Dental Insurance for medical expenses not covered by government plans, and Travel Insurance for emergency medical coverage while abroad.

Disability Insurance

Don’t let injuries or illness become a greater burden than they already are; ensure that you can provide for yourself and your family, no matter what the circumstances. Our disability insurance policies offer financial security to our clients even if they are unable to work. Suppose injury or illness prevents you from earning an income. In that case, this coverage will provide your family with monthly benefits that supplement your income.

Critical Illness Insurance

Should you become seriously ill, you may find yourself in need of some financial assistance. Through NIS, Critical Illness Insurance policies offer you a lump-sum payout (after a standard waiting period) if you are diagnosed with a critical illness, allowing you the time you need to recover without worrying about how you will pay your expenses.

Long-term Care Insurance

While you may not want to think about it, we all grow older and may find that we need help taking care of ourselves, which can be costly. Through NIS, Long-Term Care Insurance Policies are designed to cover a wide range of services that your regular health insurance may not, providing the care you deserve without the need to dip into your retirement savings or investments.

Synergy Health Insurance

A unique solution that combines life, critical illness, and disability insurance policies into one affordable package. You and your family can be protected from three distinct risks with one convenient plan.

Health and Dental Insurance

The cost of medical and dental treatments can often be too high to fathom, and while the Government Health Insurance Plan can help you cover some of the costs, it definitely doesn’t cover all of them. Protect yourself and your loved ones from unexpected healthcare expenses with our individual health and dental insurance plans.

Travel Insurance

There are certain things in life you can leave to chance, but your well-being is not one of them. Through NIS, we can offer you travel insurance policies that cover emergency medical expenses while travelling abroad. Ensure that you have peace of mind and ample time for worry-free relaxation with some of Canada’s best Travel Insurance options.

Life insurance Services

We offer a variety of life insurance plans to suit your needs. Term Life Insurance offers flexible and affordable coverage for a specified period, making it ideal for covering financial obligations such as mortgage payments or college tuition. Whole Life Insurance provides permanent coverage with cash value accumulation, fixed premiums, and a guaranteed death benefit, combining insurance with investment growth. Universal Life Insurance offers lifelong coverage with flexible payments, tax-free benefits, and investment opportunities, enabling withdrawals and loans. Synergy Life Insurance combines life, critical illness, and disability coverage into one cost-effective plan, offering comprehensive protection for you and your family.

Term Life Insurance

Through NIS, Term Life *Insurance options offer you a flexible and affordable coverage option for a specified period. It is a good option for those looking for an affordable *insurance plan to cover a financial problem that has an endpoint, like your children’s college tuition or years of a mortgage payment. With this *insurance option, you are still guaranteed that your premiums won’t change, nor will the planned death benefit amount.

Whole Life Insurance

This policy option provides guaranteed, reliable, and permanent protection, building cash value over time. With whole life insurance, you have a lifelong coverage plan and a variety of guarantees that eliminate any guesswork. This option combines investments and *insurance for your convenience. As an added flexibility benefit, a portion of your premium payment is accumulated in a cash-value account that grows over time, which you can access if needed. Get a guaranteed minimum rate of return on your cash value, a promise that your premium payments won’t increase, and a guaranteed death benefit that won’t decrease with this permanent life *insurance solution.

Universal Life Insurance

Our Universal Life Insurance options provide you with flexible, life-long coverage and several added tax benefits. With Universal Life Insurance, you have flexible payment options, and your life insurance payout (death benefit) is tax-free to your beneficiaries. You also have the opportunity to add a variety of riders to your policy for extra coverage. At NIS, our plans also include tax-advantaged investment growth opportunities, allowing your life policy to build cash value tax-free. Withdrawals and loans from your cash value life insurance are also possible, and the amount will be deducted from the total that would be paid to your beneficiaries in the event of your death.

Synergy Life Insurance

This policy is a unique solution that combines life, critical illness and disability *insurance policies into one affordable package. Protect yourself and your family from three separate risks with one convenient plan.

Why should I make health or life insurance a financial priority?

Making health or life insurance a financial priority is essential for protecting your financial future and providing peace of mind. Insurance helps cover unexpected medical expenses, replace lost income, and safeguard your family’s future in the event of illness or death. It also preserves your wealth by protecting your assets from unforeseen health costs. Additionally, certain insurance products offer tax advantages, ensuring your legacy is preserved. Prioritizing insurance today ensures that you and your loved ones are financially secure, no matter what life brings.