Life Insurance in Toronto

Q: How much life insurance do I need?

To ensure complete coverage, our brokers help you identify your needs and expenses, and calculate losses in case of your sudden death, illness, or disability. At a minimum, life insurance must be able to cover your family’s immediate needs, including final expenses, monthly bills, and a portion of your mortgage and children’s education.

Q: How does life insurance work?

Life insurance offers financial security in the event of your death. Generally, a death benefit is paid out at the time of your passing. Depending on your policy and coverage, named beneficiaries — such as your surviving spouse and children — can receive a lump sum, annual, semi-annual, or monthly payment. To guarantee this benefit, ensure your premiums are paid according to the policy's terms to remain active.

Q: When do I need life insurance?

The simple answer is, every adult should have a life insurance policy. Waiting to buy can be costly, as it becomes more expensive with age. It is also easier to qualify when you are younger and have no health issues. Many people buy life insurance when their circumstances change and have loved ones and assets to protect, such as getting married, starting a family, and buying a house, among others.

Q: Is Term or Permanent life insurance better for me?

Term and Permanent life insurance are each designed for people with different needs. Term is a good option for those who need affordable coverage within a realistic period based on their age, health, and lifestyle. Permanent life insurance is preferred by those who need lifelong protection and have more valuable assets to secure. Our insurance brokers can help you decide on the right policy based on your needs and financial situation to ensure complete coverage.

Protection for What Matters Most

Everyone deserves to live a long, happy, and healthy life, but everything can change instantly. And since you won’t be around to deal with these circumstances, it’s the people you love and unexpectedly leave behind that may be caught unprepared. But even when you leave, you won’t have to leave them on their own. That’s where life insurance comes in.

Long-Term Disability
Critical Illness
Universal Life
Whole Life
Term Life

Long-Term Disability

Keeps You on the Job — Without the Heavy Lifting

Accidents can happen, or an illness can develop. Without a stable income, it won’t take long for the rest of your life to come crashing down. No one is ever ready for that. That’s where long-term disability insurance can help.

Critical Illness

Health is Wealth. Focus on Your Recovery.

A critical, long-term illness impacts your life in so many ways, from life at home with your loved ones, to work, and even leisure.

Universal Life

Lifelong Protection. Investment Choice. Utmost Flexibility.

Everyone has different needs, people we love, and goals to achieve. Your life insurance policy should reflect that.

Whole Life

Financial Protection that Works for You

All types of life insurance prepare you and your loved ones for the unexpected. But not all types depend on your passing. You deserve to reap the fruits of your hard work, and pass on your legacy worry-free. Whole life insurance provides not only a guaranteed death benefit, but maximizes your investment to grow your financial future.

Term Life

Complete Coverage. Affordable Protection.

Life insurance protects your family’s future. To get the best value, you need to know when you need protection most — one that grows with you as the years go by and your needs change.

Term life insurance offers complete and affordable coverage during the most crucial periods of your life. Protect your loved ones when it matters most.

Get a Life Insurance Quote

Life insurance helps to support your loved ones at a time of immense stress and upheaval. Whether it pays the bills or helps secure their future, life insurance is your final act of love and legacy that can get them through this most difficult time.

Marathon Insurance is here to help you find and customize the right life insurance policy to your needs. With competitive quotes and comprehensive coverage options from the most trusted providers, our insurance brokers help you take care of your family.

Do I Need Life Insurance?

Life insurance is an investment in the future of your family. It’s designed to protect you and the ones you love from the financial impact of your passing. The benefit from life insurance helps cover your family’s immediate and future financial needs, including:

Final expenses: Cover funeral costs and estate taxes
Financial obligations: Pay off outstanding loans
Income replacement: Cover cost of living expenses, including mortgage payments and monthly bills
Trust and inheritance: Create a trust for your heirs to cover their education and other future needs, or donate to a chosen charity or cause as part of your financial legacy
Retirement and estate planning: Structure your life insurance policy to cover your cost of living when you retire, for estate planning, and even the cost of your premiums.
Business continuity: Protect your business with the benefits paid out from a life insurance policy, and use it to fund a buy-sell agreement for the enterprise.

What Kind of Life Insurance Do I Need?

Protection for Life

Find the right life insurance policy based on your needs and lifestyle. Our insurance brokers help you plan ahead with life insurance coverage that protects your family’s financial future after a devastating loss. Choose how and when you’re covered:

Term Life Insurance: Pays out a life insurance benefit if you pass within the term specified in the policy. Get affordable, realistic coverage according to your age, health, and lifestyle.
Whole Life Insurance: Protects you throughout your life, and provides guaranteed level premiums and a death benefit that gains cash values the longer the policy is active.
Universal Life Insurance: Get lifetime protection, along with the option to make a tax-sheltered investment, which is essential to estate planning and preservation.
Critical Illness Insurance: Receive a lump sum payment following your diagnosis to help preserve your lifestyle, protect personal assets during treatment, and help cover income losses.
Long-Term Disability Insurance: Helps replace your income and provide financial security if an event or accident prevents you from working.