Individual Life Insurance

Flexible, portable coverage that stays with you — not tied to your mortgage or employer.

The Right Coverage Makes All the Difference

Life insurance is one of the most important financial decisions you can make — and having the right type matters. Individual life insurance gives you flexibility, portability and value that employer plans and bank mortgage insurance simply can't match.

Why Individual Life Insurance Beats Bank Mortgage Insurance

Your coverage stays with you — not tied to your mortgage or employer

Premiums are locked in and typically lower than what banks charge

Your beneficiary receives the full benefit tax-free — not the bank

Coverage amount doesn't shrink as your mortgage balance goes down

You choose your beneficiary — the bank doesn't

Medically underwritten at time of application — no surprises at claim time

Plan Types Available

Term Life Insurance

Affordable coverage for a set period (10, 20, 30 year terms); ideal for income replacement, mortgage protection and family coverage.

Permanent Life Insurance

Lifetime coverage that never expires; builds cash value over time.

Universal Life

Flexible premiums with an investment component — adapts as your financial situation changes.

Whole Life

Guaranteed coverage with guaranteed cash value growth — predictable and stable.

No Medical / Simplified Issue

Coverage available without a full medical exam; ideal for those with health concerns.

What Life Insurance Can Cover

Mortgage and debt repayment

Income replacement for your family

Final expenses and estate costs

Business succession and buy-sell agreements

Tax-efficient wealth transfer

Funding a buy-out if a business partner passes

Who Should Consider Individual Life Coverage

Homeowners with a mortgage — individual term is almost always cheaper than bank creditor insurance

Self-employed individuals

Business owners needing key person or buy-sell protection

Anyone whose family depends on their income

Those looking to convert group coverage before retirement

Coverage options, terms and eligibility vary by carrier. BreMac works with multiple Canadian carriers to find the right fit for your situation — contact us for a no-obligation quote.

Get the Coverage Your Family Deserves

Don't leave your family's financial future to chance. Contact BreMac today for a no-obligation quote on individual life insurance tailored to your needs.

Get a Quote