For those starting out

Created with input from insurance and financial experts across the country, Paradigm Insurance offers unique strategies tailor-made for those at the outset of their adult lives. These strategies are optimal for those seeking their first home, for those who plan on starting a family in the next decade, for those establishing the groundwork for a new career, and for many more. These solutions are crafted with a realistic budget in mind and with ease-of-application, simplicity of maintenance and quality of coverage at the forefront.

Securing rates at an early age allows you to avoid difficulties in getting insured later in life.  Furthermore, the rates of those younger are often much lower than those older given, in part, to superior health on average.

When considering critical illness Insurance in particular, the need for activating coverage earlier rather than later becomes even more clear.  It is estimated that 60% of men and 40% of women will experience a critical illness during their lifetime.  The majority of these diagnoses are for cancer with 45% of all men and 42% of all women developing the disease.

At Paradigm Insurance, critical illness coverage is most often sold with a return-of-premium rider.  This means that the owner of the policy is eligible to cancel the policy any time after the 15th year and receive every dollar paid into the policy back.  Given this, the primary risk associated with a critical illness policy from Paradigm Insurance is interest rate risk.  However, even the interest rate risk is strongly mitigated by the ratio of premium to payout often seen with critical illness policies.  For example, if you pay $50/month for a $100,000 policy, you will have paid $12,000 into that policy in 20 years.  If, after 20 years, you are diagnosed with a qualifying illness, your policy would pay out the face amount of $100,000; a near 10x return on your premium.  A critical illness policy is paid out tax-free and, most importantly, the money is arrives when its needed most as surviving a critical illness can be costly.

Working primarily with Manulife and BMO, Paradigm Insurance offers, among many others, the following budget-conscious options.

A 3-in-1 Life, Critical Illness, and Disability Insurance Product

A product which rewards the owner by offering an Apple Watch for just $39 and then offering points for fitness achievements which can be used to pay off the balance owing for the device.

A strategy facilitated by Industrial Alliance which provides extended term coverage and either lifelong or extended term critical illness coverage at an exceptionally reasonable rate.  Ideal for those in their mid-to-late twenties and early thirties.