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Life Insurance

Life insurance has one purpose – providing financially for the people you love. As you move through the different stages of life, you have more to protect. Newman has many insurance options available from simple term life policies to whole/universal life policies that allow you to save funds in your life insurance policy and defer taxes. Insurance policy premiums change with medical conditions, so locking in a policy sooner rather than later in your life is the best strategy, although excellent options are still available to those with medical conditions. 

Whatever your insurance and planning needs are, a Newman insurance broker can help you with personal service from our ten locations in Eastern and Southern Ontario, ranging from Pickering to Ottawa. 

If you want to talk about life insurance or disability/critical illness insurance, contact Newman Insurance. Each quote is different based on various factors, but this life insurance rate calculator can give you an idea of what kind of rates you’ll be looking at. Newman will get to know you and suggest the best life insurance provider and policy from our wide range of trusted insurers that we deal with.

  • Term Life Insurance

    Term life insurance is usually the most inexpensive option available. Coverage is usually only for a certain amount in the event of your death, and the policy expires at a specific age. Term policies are often combined with universal/whole life policies for older clients or those with more responsibilities.

  • Whole/Universal Life Insurance

    A whole life policy provides more options than term life insurance policies. It offers protection for your finances, gives you more options for estate planning, and even offers options for payouts throughout your lifetime, depending on the package. This is the kind of insurance most popular with people with families or more substantive responsibilities, like business owners.

  • Disability Insurance

    Disability insurance offers very specific coverage in the event of an accident or illness that results in long-term disability for the policyholder. It is usually an add-on to your life insurance coverage, although it can also be purchased as a standalone package. Disability insurance can only be purchased in advance of any accident or illness that results in disability and cannot be bound once an incident has occurred.

  • Critical Illness Insurance

    Critical illness insurance provides either a lump sum or varied payments if the policyholder develops cancer, has a heart attack, or any other critical illness that may have a longer recovery period. Critical illness insurance is ideal for sole family income earners in a family or small business owners who won’t have this coverage on their business insurance.