Life Insurance

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Dependable Life Insurance in Ottawa and Surrounding Areas

With Smith Petrie Carr & Scott Insurance, you can rest assured knowing your family will be taken care of should anything happen to you. As one of the largest, independently-owned insurance brokers in Ontario, we work with the most trusted life insurance brokers to protect you and your family.

We understand it can be overwhelming to choose from the many available forms of life insurance, which is why our expert brokers will guide you through the process of selecting the best coverage for your needs.

Contact our team to learn about the wide range of products and options, including:

Life Insurance

Life insurance can protect your family and assets. Common coverages include:

  • Family protection. A death in the family can be an extremely traumatic and painful time. It can also result in lost income, which can severely affect the financial future of remaining family members. Should anything happen to you, having some form of life insurance will ensure your family has the financial resources necessary to maintain their standard of living.
  • Mortgage Term Insurance. We always suggest reviewing the advantages of personally-owned term mortgage insurance in comparison to your bank/mortgage lender’s mortgage insurance. Personally-owned mortgage insurance tends to be much more affordable and will cover the full amount of your initial mortgage balance (not just the outstanding balance) for the life of the policy.

Disability Insurance

Accidents and illnesses are a fact of life. They can happen to anyone at any time. Without the proper level of protection, your livelihood can be affected if you are unable to work, no matter if temporarily or permanently. Your fixed expenses need to be offset with regular income, making disability insurance a key part of financial planning.

Individual Health and Dental Plans

Individual health and dental plans are ideal for individuals who are:

  • not covered by an employee group benefits plan;
  • losing group insurance plan coverage and wish to have private coverage;
  • self-employed (premiums are tax-deductible); or,
  • leaving their group insurance plan.

Coverages can include expenses that are not covered provincial health insurance, including:

  • Prescription drugs
  • Dental services
  • Registered paramedical practitioners, specialists and therapists
  • Home care and nursing
  • Out of country emergency travel health coverage
  • Vision care
  • Medical equipment, supplies, accidental dental, hearing aids and more

Critical Illness Insurance

Could your finances survive a critical illness, such as a cancer diagnosis, stroke or heart attack? Depending on the nature or severity of your illness, you may experience a significant reduction, or even a permanent loss, of income. This could result in emergency actions like withdrawing savings from a RRSP that could, in turn, have a significant impact on your long-term financial wellbeing.

Without the right protection, your finances may never recover from a critical illness. Fortunately, critical illness insurance can provide you with a lump sum benefit if you are medically diagnosed by a covered illness. The funds you receive can be used to focus on your recovery and quality of life, or to cover other expenses you may have.

Long Term Care Insurance

Long term care insurance provides financial assistance should a chronic illness or cognitive impairment prevent you from caring for yourself. This tax-free benefit can be used to help maintain your quality of life and support required day-to-day activities by covering costs such as:

  • home medical or nursing care;
  • home support services such as cooking and cleaning; or,
  • staying in a care facility or retirement residence.

Coverage also includes the support of a care coordinator who will provide professional assistance to you and your family in making long-term care decisions.

Long term care insurance is an important part of your financial future and available to purchase if you are between the ages of 40 and 80. Smith Petrie Carr & Scott can help you determine the benefit amount needed for your future needs.

Visitors to Canada Health Insurance

This specialty coverage provides health insurance for the following individuals:

  • Individuals who are visiting Canada.
  • Canadians who are not eligible for benefits under the provincial healthcare plan.
  • New immigrants who are waiting for coverage under the government health insurance plan.
  • Individuals who are in Canada on a work or student visa.

Please contact our team of expert brokers to discuss any of the above coverages. They can provide expert guidance and secure you the best life insurance coverage and rates.

FAQs: Answers to Your Life Insurance Questions

Life insurance isn’t always straightforward. In fact, it’s often anything but. Fortunately, Smith Petrie Carr & Scott’s expert brokers are available to discuss your coverage options.

Here are some of the most common questions we receive regarding life insurance. Please contact us if you have a specific question that isn’t answered below.

Life insurance tends to be less expensive the younger you purchase it as you pose less risk. You should consider purchasing life insurance if you recently made a significant life change, like getting married, purchasing a home or having children.

Ultimately, the decision to get life insurance is up to you. Consider what your loves ones would do if something were to happen to you—whether disability or death—and if they could support themselves without your income.

There are several factors that influence rates, including your health and age and the type of life insurance you’re purchasing.

For example, rates will be different if for a young adult with dependents than for a senior who is covering funeral expenses.

Please contact us for a free quote based on your specific life insurance needs.

Life insurance, like any insurance, is the transfer of risk. Anything that may increase that risk will factor into how much you pay for the cost of your insurance. Here are some things that life insurance providers may take into consideration when calculating your rate:

  • Your age. The older you are, the more expensive life insurance will be—even if you are in outstanding health.
  • Gender. This is a small variable but, as women tend to live longer on average, their risk may be considered less.
  • If you smoke. As a significant health risk, smoking may increase your rates. Depending on the insurance provider, cannabis use and vaping may be counted as smoking.
  • Your health. You will likely be considered a higher risk if you are in poor health, so you may have to pay more for life insurance. Family history of heart disease, diabetes and more are also considered risk factors.
  • Your occupation. If you have a higher risk occupation, you may see higher life insurance rates. This is also true if you have high-risk hobbies, like skydiving.

Life insurance is just as personal as any other kind of insurance. It’s dependent on your circumstances. As expert brokers serving Ottawa and surrounding areas, Smith Petrie Carr & Scott can help assess your needs, debts and financial status to provide a fair estimate on the amount of coverage you should consider. You may also need to factor in life changes, such as marriage and children.

Group and Employee Benefits

If you are a business owner, a well-designed employee benefits program can help your company attract and retain quality talent. Your group benefits plan can support your employees and their families by providing insurance coverages such as life, accidental death and dismemberment, disability, health, dental and more. Most employer contributions are a tax-deductible business expense, and employees normally receive all benefits on a tax-free basis.

If you are a large or small business owner, please contact us for a personalized employee benefits plan that will protect the future of your company and your employees.

Working with Smith Petrie Carr & Scott

Smith Petrie Carr & Scott has been protecting the needs of individuals living in Ottawa and surrounding areas since 1969, and we have a team that specializes in life, living and employee benefits coverage.

We offer:

  • A personally tailored, comprehensive life insurance plan designed to suit your needs and budget.
  • Dedicated claims support available 24 hours a day, seven days a week.
  • A team-based approach that ensures fast and reliable service no matter what you need, be it a free life insurance quote, to purchase a policy, to renew a policy or claims support.

Areas We Serve

Smith Petrie Carr & Scott is licensed in all provinces across Canada, and our partnerships allow us to offer diverse insurance products and quality services to our clients.

Life Insurance

We’re here for you, your loved ones and your future.

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