Life insurance protects your family when the unexpected happens, so they won’t face it financially alone. At Nova Star Insurance Consultants, we help individuals and families across Ontario, Quebec, Nova Scotia, New Brunswick, and Alberta find coverage that fits their life and their budget.
We work with a wide range of Canadian carriers, so you’re never locked into one option. Our job is to ask the right questions, explain your choices clearly, and help you choose a policy that makes sense for you.
Many Canadians put off buying coverage because it feels like a future problem. However, the younger and healthier you are when you apply, the lower your premiums. It’s also easier to qualify for the coverage you want.
Without enough coverage, the people who depend on you could struggle with everyday costs, a mortgage, or final expenses at the worst possible time. For more background, read the Financial Consumer Agency of Canada’s consumer guide.
In short, a policy isn’t about expecting the worst. Instead, it makes sure the people you love have what they need, no matter what.
Term insurance covers you for a set period, typically 10, 20, or 30 years. It’s often the most affordable way to get meaningful protection. It suits Canadians who want to cover a mortgage, replace income during their working years, or protect their children until adulthood. If you die during the term, your beneficiaries receive a tax-free death benefit.
Whole insurance covers you for your entire lifetime and builds guaranteed cash value over time. Premiums stay fixed, so the policy can serve as both protection and a long-term financial asset. It’s a strong option if you’re focused on estate planning, leaving a legacy, or adding to your retirement savings.
Universal insurance combines lifelong protection with a flexible investment component. You can adjust your premiums and coverage as your finances change. Meanwhile, the policy’s cash value grows based on the investment options you choose. It suits Canadians with more complex financial goals.
A general starting point is 7 to 10 times your annual income. However, the right amount depends on your debts, dependents, income needs, and long-term goals. Our free needs analysis tool can help you work through the numbers. Or, book a call and we’ll walk through it together.
Term insurance covers you for a specific period and typically costs less. Permanent insurance, including whole life and universal life, covers you for life and builds cash value over time. The right choice depends on what you want to protect and for how long.
As soon as people or obligations depend on your income. The earlier you apply, the more affordable your premiums. That said, it’s never too late. We work with clients at every stage of life, including people other insurers have declined.
In most cases, no. Your named beneficiary receives the death benefit tax-free in Canada. As a result, a policy is one of the most tax-efficient ways to transfer wealth.
Possibly, yes. Some carriers specialize in higher-risk applicants, and options vary widely depending on the condition and your overall health. We can help you find the right fit, so you don’t have to shop around on your own.
Getting started doesn’t have to be complicated. First, we take the time to understand your situation. Then we explain your options without jargon and help you compare quotes from multiple carriers, at no cost to you. Whether you’re buying your first policy, reviewing coverage after a major life event, or planning your estate, we make the process straightforward.
