Skip to main content

Murphy Neil Financial Group Inc.

  • Home
  • Employee Benefits
  • About
  • Process
  • Products and Services
  • Resources 
    • Newsletters
    • Blog
  • Tell a Friend
  • Contact

    You are here

  1. Home
  2. Insurance

Insurance

Insurance is part of the foundation of a complete financial security plan. It helps protect you and your family in the event of death, a disability or critical illness. While you're still living, some life insurance policies can build tax-advantaged cash value which can be drawn upon1 to help you achieve goals, such as buying a house or retiring comfortably.

To help meet your financial security planning needs, we have access to a broad range of insurance products. These products are designed to meet the diverse needs of individuals, families, professionals, executives, business owners and employees, including the needs of part-time and seasonal workers.

Life insurance

Life insurance helps to create security for you and your family. When you die, it can be used to pay final expenses and debts, and provide an income for your family.

The advantages of life insurance include:

  • Death benefits to named beneficiaries are almost always non-taxable.
  • An instant estate when funds are needed the most
  • Probate costs can be avoided if you name a beneficiary other than your estate
  • Life insurance may offer the potential for creditor protection1
  • Permanent life insurance allows you to build tax-advantaged cash value for retirement purposes or to provide liquid savings2

We have access to a wide variety of life insurance options to help meet the needs identified in your financial security plan. We can help you select coverage that’s right for you.

Contact us today to find out more about how life insurance can play a vital role in your financial security plan.

1 Creditor protection depends on court decisions, which can be subject to change and can vary from each province; it can never be guaranteed. Talk to your lawyer to find out more about the potential for creditor protection.

2 If the accumulation stays within prescribed limits, the cash value is only subject to income tax when it’s withdrawn.

Disability insurance

Disability insurance can help protect one of your most valuable assets – your income.

Your income helps you maintain current financial obligations (e.g. mortgage payment, monthly bills, grocery purchases) and your financial security plan (e.g. children’s education planning and your retirement goals). What would happen to these things, like your home, if you no longer had that income stream?

We have access to disability insurance products designed to help address your needs and help protect your ability to earn an income – something that could be jeopardized if disability strikes.

The advantages of disability insurance include:

  • Potential protection of your ability to earn an income, current lifestyle, financial independence and your family’s long-term financial security plan
  • The ability to pay fixed expenses for your business if you’re disabled
  • Facilitation of the buy out of a disabled partner’s share of the business

Contact us today to find out more about helping to protect your income and the importance of disability insurance to your financial security plan.

Critical illness insurance

Critical illness insurance can help reduce financial stresses at a critical time in your life, and can complement disability and life insurance protection needs. It offers you and your family – as well as your business – the financial resources to help pay for additional expenses often associated with a critical illness or condition.

The advantages of critical illness insurance include:

  • A lump-sum benefit that you can use however you wish (e.g. to make mortgage payments, seek medical treatment outside Canada, help your business continue in your absence)
  • Coverage for up to 25 critical illnesses or conditions
  • You may receive payment even if you’re not disabled from work
  • Options are available that provide a return of premium benefit
  • Individuals unable to obtain disability insurance for various reasons can, in some cases, still qualify for critical illness coverage (e.g. a non-income earning spouse)

We can help you determine if critical illness insurance fits into your financial security plan. Contact us today to find out more about critical illness insurance.

Health and dental insurance

If you’re not covered under a group benefits plan, we can help you access individual health and dental plans designed to help cover out-of-pocket medical and dental expenses. These plans provide various levels of enhanced healthcare protection to help meet your needs at different stages of your life.

Contact us to find out more about enhanced healthcare protection for you and your family.

Contact Us

Don't hesitate to get in touch with us.
We would love the opportunity to become your trusted advisor.

St. John's Office

Suite 203 - 27 Austin Street
St. John's, Newfoundland
A1B 4C3 CA

Office :709-237-4125
Toll Free: 1-877-888-4125
Fax: 709-237-5125

Labrador City Office

43 Tamarack Drive, PO Box 52
Labrador City, NL, A2V 2K3

Office: 709-944-5554
Toll Free: 1-855-778-4123
Fax: 709-944-3463

Suite 203 - 27 Austin Street, St. John's, Newfoundland and Labrador A1B 4C3

  • Home
  • Tell a Friend
  • Contact
  • Sitemap
  • Legal, copyright and trademark information

The information on this website is intended for residents of Newfoundland only.

Click here to view legal, copyright and trademark information

Quadrus, Quadrus and design, Quadrus Investment Services Ltd. and design and Quadrus Group of Funds are trademarks of Quadrus Investment Services Ltd. used with permission.

* The use of e-mail is not a secure medium and personal information should be transmitted by more secure means.

Representing Freedom 55 Financial, a division of The Canada Life Assurance Company

© 2025 Murphy Neil Financial Group. All rights reserved.

Website Design For Financial Services Professionals