Term Insurance

Nova Scotia & New Brunswick

Life is full of uncertainties. Nobody knows exactly what will happen in their life. Life insurance helps prepare for some of the uncertainties that happen. It should be a part of every individual’s insurance portfolio. Don’t leave things to chance, have peace of mind and be prepared for the financial difficulties that uncertainty can bring.

OTC Insurance offers term insurance for its clients in Nova Scotia and New Brunswick. Term insurance provides life insurance coverage for a specified number of years and is renewable.

If term insurance does not fit your needs, we also offer other forms of coverage, such as:

  • Permanent insurance – is life insurance that remains in place until the policy pays out. With this type of insurance, it is important to start contributing at a young age because the cost of it is spread over many more years.
  • Whole life insurance – is life insurance that protects you from the date of purchase until the day you die. It guarantees a lifetime of protection and the cash value of the policy can be accessed during the insured person’s lifetime to help with temporary needs or emergencies.
  • Critical illness insurance – is a form of coverage that protects people in the event they become critically ill. A critical illness can impose a significant financial burden on people and can disrupt their lives significantly. Critical illness insurance pays a lump sum following the diagnosis of a covered illness and people can spend that money any way they choose.
  • Mortgage insurance – is a type of insurance designed to pay out an insured’s mortgage in the event they die before the mortgage is paid off.