Insurance

Life Insurance and Comprehensive Insurance Options
in Metro Vancouver

In the diverse community of Metro Vancouver, securing your financial future is essential. Life insurance plays a crucial role in protecting your loved ones and providing peace of mind amidst life’s uncertainties. Whether you’re starting a family, purchasing a home, or planning for retirement, it’s vital to find the right life insurance solution.

At Royal Rock Wealth, our insurance advisors are dedicated to helping you determine the coverage necessary to safeguard you and your family against life’s unexpected events. In addition to our life insurance options, we also offer various insurance products, including health, travel, and mortgage insurance, to fully meet all your protection needs.

Our solutions are designed to provide the coverage and support necessary for every stage of life. Contact us today to learn more about how our insurance advisors can help you find the right insurance coverage for you.

Metro Vanvouver’s Trusted Insurance Advisers

Royal Rock Wealth has been awarded The Best Financial Planner in Richmond for 2024. Our knowledgeable insurance advisors are dedicated to helping you navigate your insurance needs with confidence. With a focus on exceptional customer service and personalized solutions, you can trust us to protect what matters most to you and your family.  Book a consultation with our insurance advisers today.

Participating Whole Life Insurance

Participating whole life insurance is a permanent life insurance that offers lifelong coverage, ensuring your loved ones are protected no matter what—as long as you maintain your premiums. It’s an excellent choice for anyone seeking lasting security and financial growth. One of its standout features is the savings component, which enables your policy to accumulate cash value over time, providing you with a valuable financial resource for the future. 

Some of the features included are:

  • Lifelong Coverage: Provides protection for your entire life, ensuring your beneficiaries receive a death benefit whenever you pass away, as long as premiums are paid.
  • Fixed Premiums: Premiums (the amount you pay for your insurance) stays the same throughout the life of the policy. This makes it easier to plan and manage your budget.
  • Cash Value Accumulation: A portion of your premium goes into a savings component that builds cash value over time, which you can access if needed.
  • Dividends: Eligible for dividends, which are a share of the insurer’s profits. Dividends can be used to reduce premiums, purchase additional coverage, or taken as cash.
  • Financial Flexibility: The accumulated cash value can be borrowed against or withdrawn for various needs, such as emergencies, education, or retirement.
  • Tax Advantages:The cash value of the policy grows without being taxed, and the death benefit is usually paid out to your beneficiaries without taxes.

Overall, participating whole life insurance combines lifelong protection with the potential for cash value growth and dividends, making it a popular choice for those seeking to build long-term financial security. For more information, please book a consultation with our insurance adviser.

Corp-owned Critical Illness Insurance

Corp-owned Critical Illness Insurance is an insurance product in which the insurer contracts to make a lump sum or periodic cash payments if the insured becomes ill with a critical or severe illness which may involve extended hospitalization and extensive treatment.

Learn more

Group Extended Health Plan

  • Group Extended Health Plan is a supplemental plan which pays for prescription drugs, health care services and equipment over and above the scope of healthcare provided by the government. This may be applicable to companies purchasing group health plans for its employees or individuals looking to bulk up their coverage.

    • Prescription Drugs: Coverage for prescription medications
    • Vision Care: Includes benefits for eye exams, glasses, contact lenses, and other vision-related expenses 
    • Dental Coverage: Includes preventive, basic, and major dental services
    • Paramedical Services: Coverage for services provided by health professionals such as chiropractors, physiotherapists, massage therapists, and psychologists etc.
    • Hospital Accommodation: Additional coverage for private or semi-private hospital rooms..
    • Mental Health Support: Access to counseling and therapy services

Extended Health Plan

Extended health insurance offers coverage that goes beyond standard health plans. It typically includes benefits for services like prescription medications, dental care, vision care, physiotherapy, and mental health support. This insurance helps fill gaps in provincial or employer-sponsored plans, ensuring you have access to a broader range of healthcare services.

Travel Insurance

Travel insurance provides financial protection against unexpected events that may occur while traveling, such as trip cancellations, medical emergencies, lost luggage, and travel delays. With travel insurance, you can travel with confidence, knowing you’re safeguarded against unexpected events.

Disability Insurance

Disability insurance provides financial support to individuals who are unable to work due to illness or injury. It typically replaces a portion of your income, helping you cover essential expenses during your recovery. 

There are two main types: 

  • Short-term disability: This insurance offers coverage for a limited time
  • Long-term disability: This insurance provides benefits for an extended period, ensuring you have a safety net when life takes an unexpected turn.

Mortgage Insurance

Mortgage insurance protects lenders if a borrower defaults on their home loan. It’s usually required for buyers who make a down payment of less than 20%. There are two main types: 

  • Private Mortgage Insurance (PMI) for conventional loans
  • Federal Housing Administration (FHA) insurance for FHA loans

This coverage helps make homeownership more accessible by allowing lower down payments while providing security for lenders.

Contact Royal Rock Wealth : Your Insurance Adviser in Metro Vancouver

At Royal Rock Wealth in Metro Vancouver, our expert insurance advisors can help you find the right life insurance and other insurance options tailored to your needs. Whether you’re looking to protect your family, or secure your financial future, we are here to guide you every step of the way. Contact us today to ensure you and your loved ones are well protected.