1. Initial Consultation
2. Fact Finding
3. Recommendations
4. Application
5. Ongoing Review, Maintenance and Support
Life & Health Insurance Solutions
We handle every step of the life & health insurance process for our clients:
We offer our clients the following types of insurance through the top Canadian insurers:
Life Insurance
The primary purpose of life insurance is to protect against an economic loss as a result of someone’s death – it is one of the most selfless purchases someone can ever make. In addition to protecting your loved ones, life insurance plays a vital role in other areas such as tax planning, retirement planning, legacy planning and business succession.
More information on life insurance can be found HERE.
Income Replacement
Officially known as disability insurance, this replaces your income in the event you are unable to work due to injury or illness. A 35-year-old earning $75k/year has an earning potential of well over $2 million in their working years – shouldn’t that be insured, much like their car or home? An ability to earn an income is your greatest asset and should be protected accordingly.
Critical Illness Insurance
Critical Illness Insurance is a form of health insurance that pays a lump-sum benefit if you are diagnosed with one of the 26+ covered conditions, such as heart attack, cancer, or stroke, and survive for a period of 30 days. Getting sick is expensive; Critical Illness Insurance allows you to focus on your recovery, not your finances. The benefit is received tax-free and can be used however you see fit.
More information on CI insurance can be found HERE.
Personal Health Insurance
We offer competitive extended health & dental plans for clients of all ages. Typically, these plans will cover prescription drugs, vision, dental, travel insurance, plus coverage for physiotherapy, massage, and other professional services. These are highly customizable plans and we work with many different insurers to find our clients the best plans.
Long-Term Care Insurance
Long-Term Care Insurance provides a monthly benefit if you are no longer able to live independently (based on the Activities of Daily Living). It allows you to remain in control of your situation and not forced to move into a facility solely based on affordability or availability. The monthly benefit is tax-free and can be put towards a retirement facility, in-home nursing, home adjustments, or any other way you choose.
NOTE: Effective June 2021, LTC Insurance is available as conversion from an existing disability insurance policy or critical illness insurance policy with select insurers. However, Sun Life continues to offer a similar product called Retirement Health Assist.
Not sure where to begin? Schedule a complimentary consultation with Jeff Graham, Certified Financial Planner
Our Process
We are fully licensed life & health insurance brokers with access to over 20 different insurers. We are able to find a product that fits the needs of the client in almost every scenario, regardless of financial situation or medical history.
All of our insurance recommendations are based on a thorough Needs Analysis. We clearly explain the various available options, pros & cons, and why we feel the specific recommendation is best for our client.
We operate under strict confidentiality with our clients.
Our Fees
We are compensated in the form of a sales commission directly from the insurance company for which we place our client’s business with. There is no exchange of funds between the client and First Oak Financial as it pertains to the sale of a life or health insurance policy. The commission we receive does not impact our insurance recommendations whatsoever – we have a fiduciary duty to act in the client’s best interest and we strictly adhere to that.