Welcome to Reith & Associates. Serving the community since 1914

IPC Investment Corporation

8:30 AM to 4:30 PM

Monday to Friday

462 Talbot Street

St. Thomas, ON N5P 1B9

(519) 631.3862

Ontario’s Best Life Insurance

Optimal life insurance investment is the way to secure your family

Insure your life for those who matter to you

Life is precious but death is inevitable. While you can’t change fate, you can prevent your family from facing financial hurdles in the event of your untimely demise.

Whether you are a single, married or have a big business family, a life insurance policy can secure the financial future of your partner, children and other dependents.

But how much should I invest in life insurance? Term or whole life insurance: which is the right policy? I hope I am not paying more premium than others?

At Reith & Associates, we can answer all your questions and help you buy Ontario’s best life insurance policy, easier and faster than anyone else. Our insurance brokers will compare all the competitive life insurance features and rates to get you the one that fits your coverage needs.

Why Partner with Reith & Associates

Industry Experience

We have 100+ years of industry experience in protecting your business interests. You can trust us with your business insurance needs.

Registered Brokers

Qualified, Professional & Works with Registered Insurance Brokers of Ontario (RIBO). Get fair, independent & impartial advice every single time.

Award-Winning

We’re the most award winning insurance broker in St. Thomas & London region. & We refuse to stop working towards excellence and earning industry appreciation.

Time-effective

Quick, Easy & Convenient. We plan and execute every project with meticulous attention to details and the urgency of the situation.

24/7 Help

Reach out to us anytime, anywhere via our web based portal and mobile app. Available to answer your questions 24*7.

Save Money

Bundle up business insurance policies & save big. We’ll do a review & get your maximum savings without altering the coverage.

Safe & Secure

Your business information is protected from unauthorized access, data theft or any unethical activity. Trust us with your auto insurance needs.

Customer Reviews

We value our clients and so do they. Check our customer reviews that are a testament of dedicated & our professional services.

Do not risk your family future with a wrong life insurance in Ontario

Unexpected deaths are no less than a nightmare for near and dear ones of the diseased(s). But you know what is the worst? Inadequate money to pay the rent, school fees, medical bills, home/car loans and countless other home/business expenses.

People make mistakes but when it comes to selecting life insurance, there is no room for error. Your choice will decide if your family enjoys a comfortable life or saddles under financial woes.

You can prevent the latter by making the right and timely choice of life insurance policy in Ontario. And Reith & Associates helps you with that.

  • We will study your family details and basic information
  • We will conduct a comprehensive market research & analysis
  • Compare the life insurance features and rates
  • List out different life insurance options and competitive quotes that best serves the interests of your family and business.

We are knowledgeable, registered, experienced — and have a proven track record — insurance brokers Ontarians trust with their life, home, business, car and other important assets.

The type of life insurance Ontarians need

Buying life insurance in Ontario is no longer an option but which type suffices your needs can be hard to choose.

Term Life Insurance

It provides temporary coverage over a period of time like 5, 10, 20, 30 years for up to 65 years of age. Usually, the purpose is to provide finances for a predetermined critical reason like education loan and home mortgage. In the event of your death, the family would not have to bear the financial pain as the sum insured would pay for the loan taken. The premium is calculated depending on sex, smoking status, age and general health.

Whole Life Insurance

It is preferred by people, aged 50 to 75, who want water-tight financial protection for the survivors. Ideal for estate planning. A part of the premium is invested by the insurance company and the tax—free returns are handed over as cash to the beneficiaries. The premium is calculated based on the sum insured and your general health status. The premium is typically high and does not change throughout the term of the life insurance policy.

Universal Life Insurance

It provides dual benefits —financial cover and extra returns in cash. Individuals who can afford high premiums while enjoying tax-free returns prefer to buy universal life insurance in Ontario. The policyholders can change the premium value and its frequency at their discretion. For instance, some prefer to increase the insurance premium with age. You can withdraw funds at any stage or apply for loans against the guaranteed cash value.

You owe your life to many people including parents, wife and children. While no one wants to die, we all have limited time on earth. Do your bid and protect the people who financially depend on you with life insurance investment.

We can help you in the process. Starting with sharing a quote to buying the policy and beyond, consult one of Ontario’s trusted life insurance brokers and start your journey to building a financially secure life for those who matter to you.

Insurance Companies We Work With

Frequently asked questions

Life insurance is a mutual contract signed between two parties, namely

Insured: the person who buys the policy and agrees to pay premium (annual or monthly) as decided by the insurance company; and
Insurer: the company which agrees to pay a fixed sum of money to the beneficiary in the event of the death of the insured (or policy holder).

The beneficiaries have to file insurance claims along with the death certificate to receive the payout.

The amount of life insurance needed is different for different people. The cost generally depends on the following factors:

  • Permanent expenses like home mortgage or business loan.
  • Family expenses like rent, education fees, medical bills, day to day expenditures, etc.
  • House like you have a mortgage loan or living in your own home
  • Medical health like if you or anyone in your family is suffering from any chronic health condition
  • Age like you are young or old
  • Estate planning like distributing the wealth among all the family members

Figure out what all you need to cover for in one life insurance policy or possibly buy more than one like a home and auto insurance in Ontario. In the latter case, if you buy all the policies from one company, you can save some extra money.

Talk to your insurance agent or one of our best life insurance brokers in Ontario for great options and discounts.

Not exactly. Life insurance premiums are typically calculated based on your age, health, and your life insurance coverage needs.

If you’re healthy and fit, there is no chance that you have to pay anything more than $25 per month on a standard life insurance plan in Ontario.

On the contrary, if you are a smoker, have a history of drug addiction or have a complicated situation back home or on the business front, the risks are high and you will have to look for extended coverage and hence have to pay relatively more on life insurance in Ontario.

Going by the math, do not delay life insurance investment for as you age, you will have more challenges and dependencies on your shoulders.

Insurance companies ask for very basic information to conduct your risk assessment including

  • Age
  • Gender
  • Permanent address
  • Marital status and children
  • Employment or source of income
  • Bank loans
  • Any other insurance policy you currently own
  • Family medical history

All this information helps to determine if you are in the high or low risk category. No one wishes death for you but a general status of your health and fitness is crucial to decide the amount of coverage you actually need.

There are a number of scenarios possible in this event your life insurance expires. We will share some of the common cases:

  • You receive the sum insured after outliving the life insurance term. If you’ve paid off all the debt, have no financial obligations, and have sufficient savings in your account, you no longer need life insurance.
  • You can renew your term life insurance policy depending if it has a renewability clause. However, you will likely pay a higher premium after renewal. Most insurance companies inform the new premium rates at the start only.
  • You can convert your term life insurance into whole life insurance.
  • You can also buy a new life insurance plan for your whole life or with extended coverage but at low premium rates, tax-free cash returns and added benefits.

Please discuss all the possibilities with your insurance agent or broker before locking the best life insurance policy in Ontario.

Every Customer Question Is Answered Here—Ask 24*7 Support

If your question is not listed here, we are happy to answer over a phone call. Give us a call at (519) 631-3862, Monday–Friday, 8:30 am – 4:30 pm or by appointment after the office hours.

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