Insurance
Life insurance sized to what your family actually relies on
The right amount of life insurance is not a rule of thumb. It is the mortgage, the income your household depends on, the years until your children are independent and the taxes that would fall due — added up and then covered.
Types of coverage
The contracts we work with
Term life
The lowest cost per dollar of coverage for a defined period — usually matched to a mortgage, a child's dependency window or a business loan.
- 10, 20 and 30 year terms
- Convertible to permanent
- Renewable options
Whole life
Permanent coverage with a guaranteed structure and a cash value that builds over time, often used for estate and corporate planning.
- Participating dividends
- Guaranteed premiums
- Estate liquidity
Universal life
Permanent coverage with a flexible deposit structure, suited to clients who want to direct the investment component themselves.
- Flexible funding
- Investment choice
- Corporate ownership
How we get to a number
From obligations to a coverage amount
- Step 1
List the obligations
Mortgage and debt, income replacement years, education costs, final expenses and any tax owing at death.
- Step 2
Subtract what exists
Group coverage, existing individual policies, registered assets and other liquid resources.
- Step 3
Choose the structure
Term for temporary needs, permanent where the obligation never ends. Often a layered combination.
- Step 4
Underwrite and place
We compare offers across the carriers we represent and manage the application through to the issued policy.
- Step 5
Review as life changes
New home, new child, a sale, a separation — coverage gets revisited, not left to run on autopilot.
Common questions
Is my group coverage enough?+
Group life is usually a multiple of salary and ends when the job does. It is a useful base, rarely a complete answer.
Term or permanent?+
Most households start with term because the need has an end date. Permanent coverage tends to make sense when there is a lifelong obligation, an estate tax bill or a corporation involved.
Can my company own the policy?+
Yes, and for incorporated clients that is often the more efficient way to fund it. We coordinate the ownership and beneficiary structure with your accountant.
Find out what you actually need
A short conversation is usually enough to know whether your current coverage is close or well off.
Investco Financial is licensed in British Columbia and Alberta for insurance and related financial services. Information on this page is general in nature and is not individual advice. Coverage, eligibility and tax outcomes depend on your own circumstances and the terms of the contracts issued.