Life Insurance in

The Regional Municipality of Waterloo

We’ve Got You Covered

Waterloo Region Life Insurance with Oracle RMS

If you reside in the Regional Municipality of Waterloo and are currently looking for the best life insurance coverage that suits your needs, then contact Oracle RMS today. This is because it is important to have life insurance as it is a crucial element of financial planning.

Located in southern Ontario, the Regional Municipality of Waterloo comprises seven municipalities with a total population of 507,096 people. The municipalities of Waterloo include three cities: Kitchener, Waterloo and Cambridge. They are also referred to as the “Tri-Cities”. The Waterloo Region includes four townships which are Wilmot, Wellesley, North Dumfries and Woolwich. Altogether, these seven municipalities are situated along the Niagara Peninsula. Its large borders run across the Grand River. The Regional Municipality of Waterloo is best known for its popularity in being one of southern Ontario’s fastest growing regions. Canadian statistics have predicted that the population of Waterloo Region will grow by 250,000 people in the next 10 years. For the past 15 years, the population has been growing at a rate of 1.42% per year. In the past five years alone, the population has grown by 6,206 people further proving how popular the Waterloo region is becoming.

With that amount of people living and growing in the Regional Municipality of Waterloo, it is important that these Waterloo Region residents recognize that purchasing life insurance as well as other financial services will be beneficial to have. Not only will it provide protection for the Waterloo Region insurer’s life, but it also provides financial protection for their family and/or loved ones at their untimely death. This is because the second biggest age group in the Waterloo Region population is currently 50-54 years old. By having life insurance in the Regional Municipality of Waterloo, it will protect the insured’s family because they will be given a non-taxable amount of coverage at the time of death. It can also be used to cover the insured’s mortgage and personal loans. In addition, life insurance will replace the insured’s family income when resources are less so they can maintain their quality of life. For these reasons, life insurance in the Regional Municipality of Waterloo is important to have.

Life Insurance will protect and provide coverage for your family and loved ones by giving them a tax-free payment after you die. Listed below are the four types of life insurance plans available:

Term Life Insurance:

This type of life insurance provides a fixed amount of insurance for a specific period of time. A term life insurance policy provides temporary protection, which can be customized to meet your changing needs.

Permanent Life Insurance:

This type of life insurance provides coverage for your whole life and depending on the type of permanent life insurance you buy; it can also build cash value over time. In fact, some permanent life insurance policies let you pay for a limited time and then you don’t have to pay any more.

Participating Life Insurance:

This type of life insurance is a type of permanent whole life insurance coverage that can be eligible to receive a sum of money. This can be used to buy more coverage, reduce your annual premium cost or earn interest inside your plan. However, it should be noted that dividends are not always guaranteed.

Universal Life Insurance:

This type of life insurance is a more flexible type of permanent life insurance plan that combines protection and savings. A guaranteed death benefit will be chosen for your beneficiaries, which means that the payments you make above the cost of insurance can grow in a tax-preferred savings account or can be used to increase the amount of your death benefit.

In Need of Life Insurance? We Have You Covered

In the Regional Municipality of Waterloo, when you purchase Life Insurance with Oracle RMS, you are insuring yourself and providing financial stability for your family and/or loved ones at your untimely death.

By partnering with Oracle RMS, we provide excellent customer service and work hard to get you the best life insurance plans in the Regional Municipality of Waterloo that best suit your unique needs. We are proud to be partnered with a wide range of insurance companies who can provide a variety of life insurance quotes for all Waterloo Region residents.

At Oracle RMS, you will work along with one of our licensed brokers to help guide you through the quoting process. They will make sure you understand all the insurance jargon and information up to the last detail of your auto policy before you’ve made the final decision.

Life Insurance is a financial service that will protect you and your future. Other financial services that could protect you are:

Disability:

This type of financial service was created to replace a portion of your income if you have become disabled and no longer able to earn an income. This can result in a number of causes, including an injury, serious illness or a mental health issue. There are different kinds of disability insurance coverage because it can depend on the duration of the disability which is either short or long-term, the insured’s own insurance policy or group insurance policy, government plans such as workers’ compensation and benefits under the Canada Pension Plan.

Critical Illness:

This provides financial help to pay the costs that are associated with life-altering illnesses such as cancer, stroke and heart disease. For example, if you have coverage and become sick with an illness and survive the waiting period, you will receive a lump-sum of cash that can help you and your family and/or loved ones.

Long Term Care:

This is an income-style benefit if you become unable to care for yourself due to an accident, illness or deteriorated mental abilities or aging. This income will be provided for you and your family to use in order to help protect your savings and income.

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Life Facts in The Regional Municipality of Waterloo

Waterloo Region helps residents stay healthy at all ages and stages with public health programs and services. For more information of the best health program and service in the Regional Municipality of Waterloo, residents can visit this website link: https://www.regionofwaterloo.ca/en/health-and-wellness/public-health-services.aspx

For Waterloo Region residents who are looking for funeral homes within their region can inquire at some of the following locations: Henry Walser Funeral Home, Erb & Good Family Funeral Home Ltd, Graham A. Giddy Funeral Home, Tri-City Cremation Services, Westmount Memorial Celebration Centre, Memory Gardens Funeral Home & Cemetery, Barthel Funeral Home and many more.

These are the total number of people in the following age groups living in the Regional Municipality of Waterloo:

- 0 to 14 years = 95,380 people
- 15 to 64 years = 362,585 people
- 65 years and over = 77,190 people

Get the best life insurance in Waterloo Region, quick and easy!

Life insurance is what you need, request a free online quote now. Takes less than two minutes!

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Words From Our Customers

“I’ve used Oracle RMS for my car insurance for years and years. Very knowledgeable and helpful. Chris Masucci gave me honest advice about my car insurance options and helped me choose the best coverage for my needs. He is friendly and super responsive if I have any questions. Would recommend!”

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