Life
Insurance
Life insurance helps protect the people you care about most. Whether you're starting a family, building your career, or planning for retirement, the right policy can provide essential financial security in case the unexpected happens. At Saxbee Insurance, we offer a full range of life and health protection options—so you can choose coverage that fits your lifestyle, budget, and long-term goals. From term life plans to extended health and disability benefits, we're here to help you protect what matters most.
What Life Insurance Covers
Life insurance is designed to provide a financial safety net for your loved ones in the event of death, illness, or loss of income. Depending on the policy, it can cover funeral expenses, mortgages, outstanding debts, income replacement, or medical costs not covered by provincial healthcare. It's also a key part of long-term planning—supporting your family, business, or estate with stability and confidence. Whether you're looking for basic coverage or a comprehensive plan, we'll help you choose the right protection based on your current and future needs.
Term Life Insurance
Term life insurance provides affordable coverage for a set period—typically 10, 20, or 30 years. It's ideal for individuals or families who want protection during key life stages, such as raising children or paying off a mortgage. If you pass away during the term, your beneficiaries receive a tax-free lump sum that can help cover living expenses, debts, or future goals.
Permanent Life Insurance
Permanent life insurance offers lifelong coverage and includes a built-in savings component that grows over time. It's a strong option for long-term planning, estate protection, or leaving a legacy. Unlike term insurance, permanent plans do not expire and can build cash value you can access while you're alive.
Critical Illness Insurance
If you're diagnosed with a serious illness—such as cancer, stroke, or heart disease—this policy pays out a one-time, tax-free lump sum to help with recovery. The benefit can be used however you need: for medical costs, home care, travel, or covering time off work. It's a powerful layer of protection when health challenges come unexpectedly.
Disability Insurance
Your ability to earn an income is one of your greatest financial assets. Disability insurance replaces a portion of your income if you're unable to work due to illness or injury. Whether you're self-employed or working for a company, it helps you keep up with bills, mortgage payments, and everyday expenses while you recover.
Extended Health Insurance
Provincial healthcare plans don't cover everything. Extended health insurance helps pay for services like prescription drugs, dental care, vision, massage, and paramedical services. It's an ideal option for individuals, families, or retirees looking to fill the gaps in basic health coverage.
Group Benefits Insurance
For business owners or team leads, group benefits offer a way to provide health and wellness coverage to your employees. Plans may include health and dental care, disability insurance, life insurance, and health spending accounts. We'll help you build a custom group plan that fits your company's size and goals.
Frequently Asked Questions
Get answers to common questions about life insurance in British Columbia.