Excalibur Assurance

Safeguard the life you enjoy, and
the people you love.





Critical Illness


Our life, critical illness and disability insurance coverage specialists are ready and waiting to help you protect your quality of life and prepare you for the unexpected. If you can’t work because of injury, illness or premature death the people who depend on you can cover debts and mortgage responsibilities, replace or supplement your income and remove medical burdens.

Our Team of Specialists

Amanda Wood

Life Advisor

Family is Amanda’s bread and butter. As the youngest of 17 children and a mother to 3 of her own, she understands the hard work that goes into protecting the ones we love. With over 15 years of experience in financial services, Amanda knows what questions to ask to ensure your family is protected.

Christopher Burton

Senior Financial Security Advisor

With nearly 30 years of experience in financial services, there aren’t many questions that Chris hasn’t answered during his time in the industry. With an active family of 7 children and 3 grandchildren, Chris understands all stages of life and can help you navigate changing needs.

Dylan Shervill

Life Advisor

Dylan understands the needs of young families because he has one himself. If you want to better understand why life insurance is beneficial to families, schedule a chat with Dylan.

Justin Damsma

Life Advisor

As a farmer and father of 4 sons, Justin understands a hard day’s work. He hangs his hat in the country, and it’s why nothing makes him happier than to lace up his boots and visit a farm. Talk to Justin if you’re looking for advice for a small business or farm.

Our Insurance Partners

Learn more over at our Blog!

The Top 10 Most Common Life Insurance Myths
How having kids affects your insurance
Saving on life insurance

Life Insurance FAQs

Life insurance is an agreement that is shared between the policyholder (you) and the insurer (the insurance company) where the insurance company promises to pay a specified beneficiary or beneficiaries a sum of money should you unexpectedly pass away during the policy period. Depending on the extent of the policy, things like terminal illness, disability, or critical illness may also trigger this payout.

Life insurance is designed to cover the unexpected death of the policyholder. The lump sum may be used to pay for funeral expenses, education for dependents, financial support for a spouse, and other expenses. There are some unique circumstances where life insurance won’t pay out, such as if the death was a result of criminal activity or, with some insurance providers, suicide.

It depends. There are multiple kinds of life insurance, grouped into the two major categories known as term and permanent. What you require depends on your needs, what would happen to your loved ones in the event of your passing, your current financial circumstances, and more. You should purchase life insurance coverage that is sufficient enough to cover your dependents’ needs in the event you should pass. This means things such as income replacement, covering education costs, and paying off debts. Working with a broker is a great way to ensure you know what type of life insurance you need

Financial security for your loved ones, peace of mind, and covered expenses in the event of your death. With life insurance, there’s one less thing for your family to worry about in the stressful and unexpected circumstances of your passing.

The answer is enough to cover your dependents’ needs and give your dependents the quality of life that they would otherwise have if you were alive. Life insurance should be enough to cover your debts, any education costs your dependents require, income replacement, etc.

It’s never too early to purchase life insurance. Purchasing life insurance early means you can lock in lower rates while you’re still young and healthy. If you are single and aren’t planning a family, you may not need life insurance, but if you have a spouse and/or want children in the future, it might be a good idea to buy a life insurance policy.

It depends on your age and existing health conditions at the time you purchase your policy. Insurance costs increase as you age, and you could acquire health conditions that make it difficult for you to get insured.

That all depends on your personal needs. Permanent life insurance policies are more expensive than term life insurance policies, and as far as needs and financial situations go, term life insurance is typically the more ideal option for the general population. However, if you require lifetime coverage, permanent life insurance is the way to go as your beneficiaries will receive a death benefit no matter when you pass (so long as you keep paying for your policy.) Some permanent life insurance policies contain a cash value account that grows at a rate specified by the policy, which you can borrow money from to use as collateral. Note, however, that the cash value only exists as a separate thing from the

Disability Insurance FAQs

Also referred to as DI or disability income insurance, disability insurance is a type of insurance coverage that covers the beneficiary’s earned income against the risk that a potential disability could create. It basically works when you cannot. If an accident or an illness stops you from working, disability insurance offers a tax-free monthly benefit to ensure you can cover your daily living expenses.

Disability insurance covers you and provides payments for your regular income replacement if you are permanently disabled due to an injury/illness or if you temporarily can’t work due to an injury or illness. There are different kinds of disability insurance benefits. Short-term disability insurance benefits may only last a few months until you’re recovered, assuming you’ll go back to work once you’re well, whereas long-term disability insurance policies cover you under the assumption you cannot perform your original occupation.

Long-term disability insurance policies are customizable, so what they cover may vary, and they may also include benefits for things like student loan protection, retirement contribution protection, and cost of living adjustment.

A few groups of people may benefit from acquiring disability coverage. The sole provider of the family, especially if they work outside of the home, may need disability insurance to protect their earning potential. Parents, especially single parents, should acquire disability coverage. Those who have recurring injuries that prevent them from working to their full potential may need disability coverage, and finally employees who work in physical demanding roles (like construction) should acquire disability coverage to protect their earned income.

Critical Illness Insurance FAQs

Disability insurance is designed to provide income for employees if they are unable to work as a result of an injury or illness. On the other hand, critical illness pays a tax-free lump sum payout following a serious illness (so long as that illness is covered by the policy.) While disability insurance is a monthly payment that replaces some of your income (usually 60-70%), critical illness insurance is a one-time lump-sum payment that you can use however you’d like.

Critical illness insurance is coverage designed to provide a single lump-sum payment that you may use however you’d like if you ever experience any serious conditions outlined in your policy, like cancer, a stroke, or a heart attack. No one recovers the same or has the same recovery costs.

Critical illness covers numerous serious illnesses, including heart attacks, strokes, organ transplants, coronary bypass, and cancer. It covers costs that are not covered by traditional plans, as the money can be used for anything the insured likes, including child care, transportation etc.

Employees may purchase critical illness coverage because:

  • They want coverage for critical medical services that other plans may not offer,
  • They want to have payment for treatments not covered by a traditional policy,
  • They want their daily living expenses paid for if they are ever critically ill, allow them to focus on getting better rather than paying bills,
  • They need transportation expenses for getting to and from treatment centers
  • If they are terminally ill, or need a restful place to recuperate, they can use their payout to take a vacation with family and friends.