Insurance Protection

BCU Insurance offers a wide range of insurance services. Click on the sections below for more information.

BCU Life Insurance will take care of your loved ones and ensure you leave a lasting legacy and financial support for your family and loved ones in the event of your death. It will provide your family with much-needed financial security due to the sudden loss of your income and ensure your family and loved ones can cover other expenses such as funeral costs and costs associated with settling an estate. A BCU Insurance consultant will guide you through the available policy options and design an insurance package customized to your needs.

Disability insurance will replace a portion of your income if you become disabled due to an illness or accident, which leaves you unable to work as a result. BCU Insurance offers an income replacement plan to help you keep up with your financial responsibilities, so you can focus on your recovery.

Critical illness insurance helps pay the costs associated with life-altering illnesses, such as heart disease, cancer and stroke. It also provides coverage for up to 22 of the most commonly-diagnosed medical conditions. A BCU Insurance consultant will help you get the coverage that is right for you.

If you are planning to travel outside of the country, protect yourself against the cost of unexpected emergency medical expenses by purchasing travel insurance. A BCU Insurance consultant will explain the policy benefits and set you up with coverage that is tailored to your needs.

BCU Insurance offers group health and dental benefits for businesses and individuals. A BCU consultant will create a portfolio to meet your specific needs or those of your company’s workforce. If you are self-employed and want the benefits of supplementary health and dental insurance, we’ll design a policy just for you.

Mortgage insurance will pay off the outstanding balance of a mortgage if the borrower dies, becomes critically ill or disabled and unable to work. Our BCU Insurance consultants will design a policy that will protect your family against unforeseen financial hardships.

Segregated funds are an investment product, similar to mutual funds, which are sold by insurance companies. Unlike mutual funds, segregated funds provide a guarantee to protect part of the money you invest. Even if the underlying fund loses money, you are guaranteed to get a portion or all of your principal investment. You have to hold on to your investment for a period of time to benefit from the segregated fund guarantee.

BCU Insurance offers plans to save for your retirement and for your child’s education. Registered Retirement Savings Plan (RRSP), Registered Education Savings Plan (RESP), Retirement Income Fund (RIF) and Life Income Fund (LIF) are all options available to plan for your financial future and the future of your loved ones. The added advantage of investing into these plans through BCU Insurance is that we provide your portfolio with bankruptcy protection. In the event you or your company declares bankruptcy, the funds designated to your spouse or child as a beneficiary may not be seized.