Support Insurance
Our Rebalancing insurance product is specifically designed to address the nuances of family law. As support payments are paid out, the insurance coverage declines to match the remaining support payments. The balance may then be allocated to someone else such as children or a new partner. We’re making it fair for both co-parents.
Why Insurance Matters
Now there’s insurance to really help separated parents & children
Critical Illness or the death of a supporting spouse will change a child’s life. To financially support child(ren) means securing support payments with insurance. Come To Agreement has partnered with leading Insurance Companies to help separated and divorced ex-spouses and children secure their financial future. It’s low cost and responsible. Professionals find it easy to use.
Calculate Insurance requirements for support payments, children’s special expenses including future expenses (college or university costs, special needs, etc.), alimony / spousal support and equalization payments or debt repayment. You can also include COLA (Cost of Living Adjustment) to determine Life Insurance, Critical Illness Insurance and Long-Term Disability needs. Critical Illness coverage secures support payments if the supporting spouse suffers a major illness while Long-Term Disability pays a monthly amount when disabled.
Separation & Divorce Insurance Program
Critical Illness or the death of a supporting spouse will change a child’s life. To financially support your child(ren) means securing your support payments with insurance. Come To Agreement has partnered with leading Life Insurance Companies to help separated and divorced ex-spouses and children secure their financial future. There is no additional cost to the policy owner. Even professionals find it easy to use.
The insurance policies will be underwritten by one of the following companies:
• Manulife
• Canada Life
• RBC Insurance
• Canada Protection Plan
• Foresters
• Empire Life
• Specialty Life Insurance
Calculate Support Insurance requirements for your support payments, children’s special expenses including future expenses (college or university costs, special needs, etc.), alimony / spousal support and equalization payments or debt repayment. You can also include COLA (Cost of Living Adjustment) to determine your Life Insurance, Critical Illness Insurance and Long-Term Disability needs. Critical Illness coverage secures support payments if the supporting spouse suffers a major illness while Long-Term Disability pays a monthly amount when disabled.
The 5 Categories covered are:
• Monthly Child Support Payments
• Children’s Monthly or Yearly Special Expenses
• Children’s Future Special Expenses (University Costs, etc.)
• Monthly Spousal Support/Alimony Payments
• Any Debt Repayments or Equalization Payments required
Family Lawyers love our program.
It’s fair for both parties and great for separated and divorced families.
Please note: Come To Agreement’s Support Insurance Calculator does not replace professional advice. Co-parents should contact their own Family Lawyer, Family Mediator or Insurance Advisor before making any insurance decisions regarding their specific situation.
Getting Started
Please go to “Calculate Support Insurance” to determine your total Support Insurance obligations. If you don’t know your monthly or yearly amount of support you need to secure, please speak with your Family Lawyer or check your Separation Agreement or Divorce Order or your Court Order.
“Come To Agreement’s Support Insurance Program can help all divorced families secure their financial future.”
Ronald Madzia – Former Vice Chairman – IDC Worldsource Insurance Network Inc.