As your life changes, so do your needs. Our team of professionals is pleased to advise you on the following Life Products.
  • Life IconLife


    All life insurance products are designed to help provide your loved ones with financial security when you die. Life insurance proceeds are paid out TAX-FREE.

    There are two main types of life insurance:

    Term Life
    • Designed to cover you for a set period, such as 10, 15, 20 or 30 years.
    • It is a suitable option if you’re looking for low-cost insurance.
    • Term life can be used to protect mortgage payments, children’s education and meet other short-term financial goals.
    Whole Life / Permanent Life
    • Whole life insurance provides permanent coverage throughout your lifetime.
    • Providing lifetime coverage comes at a higher premium but you are rewarded with a greater return on your investment.
    • Whole life can be used as an estate planning tool to help preserve the wealth you plan to transfer to your beneficiaries.

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  • Disability IconDisability


    • Disability insurance is designed to replace a portion of your income if you become disabled and are unable to work.
    • Disability can result from a number of causes: 
      • injury
      • serious illness
      • mental health issue
    • Individually-owned disability insurance is a vital tool for filling the shortfall between the financial needs of your family and the coverage available through your employer.
    • Government protection for disabled persons is limited to a disability pension and is shockingly modest.

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  • Critical Illness IconCritical Illness

    Critical Illness

    • If you become seriously ill, critical illness insurance provides you with a lump-sum payment to spend as you choose, on things such as medical expenses and mortgage payments so you can focus on recovery.
    • Critical illness insurance is available for you, your spouse and your children.
    • If one of you becomes seriously ill, the insurance benefit could help replace any lost wages when you take time off work to recover or to help your spouse or child get better.
    • The insurance benefit comes directly to you TAX-FREE.

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  • Long-Term Care IconLong-Term Care

    Long-Term Care

    • When the need for long-term care arises and you don't have insurance, the associated costs may have to be paid out of personal savings or financed by loved ones.
    • If you are unable to afford the cost of hiring care providers, family members may be required to assist you, which means they may have to take unpaid leave from work.
    • By purchasing long-term care insurance, you help to ensure that any costs associated with your care are covered, thereby lessening the financial burden on yourself and your family.

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  • Mortgage Protection IconMortgage Protection

    Mortgage Protection

    Mortgage protection helps cover your mortgage payments if you die unexpectedly or become seriously ill.

    When mortgage protection is purchased through a life insurance company, it has two components:

    1. Term Life Insurance

    Gives you affordable, flexible protection that your loved ones could use to pay off your mortgage or cover other expenses.                    

    2. Critical Illness Insurance

    If you become seriously ill, you’ll receive a lump-sum payment to spend as you choose, on things such as medical expenses and mortgage payments so you can focus on recovery.

    Alternatively, you can purchase mortgage insurance from a bank. But is it the best option for you? We suggest not. See below to discover the 7 compelling reasons why.

    Mortgage Protection through a Life Insurance Company Typical Bank’s Mortgage Insurance
    The coverage amount remains constant unless you request a reduction. The coverage amount decreases as you pay down your mortgage.
    You own the policy, not your bank. The bank owns the policy.
    You choose the policy beneficiary. The bank is paid first from your policy.
    Insurance remains in effect as long as you pay the premiums or decide to cancel. You lose the coverage when the mortgage is repaid.
    Fully portable even if you move your mortgage. Your coverage is not transferable if you move your mortgage.
    Rates are based on your age, gender, health and smoking status (lower premiums for healthier people). Rates are the same for all clients of the same age and gender, regardless of health and smoking status.
    Protects whatever you want: family, education costs, debt repayment, etc. May only be used to pay off mortgage.

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  • Key Person Protection IconKey Person Protection

    Key Person Protection

    • Key person insurance is a life insurance policy owned by a corporation or partnership on the key person in a business.
    • It helps fund buy-sell agreements within a corporation.
    • Key points:
      • premiums are paid using corporate dollars;
      • life insurance policy proceeds are paid out TAX-FREE.
    • The majority of Canadian private businesses take advantage of this meaningful tax-sheltering vehicle.

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  • Investment Solutions IconInvestment Solutions

    Investment Solutions

    Our team of professionals is pleased to advise you on the following investment options:

    • Annuities – An annuity is a contract between you and an insurance company in which you make a lump-sum payment or a series of payments and, at maturity, receive regular disbursements at a known future date.
    • Segregated funds – A segregated fund is a type of investment fund issued by Canadian insurance companies. Unlike most investment funds, a segregated fund provides a guarantee on principal invested ranging from 75% to 100%. This guarantee becomes effective either at maturity (typically 10 years into your investment) or at the time of your death, whichever comes first. In the latter case, your beneficiaries will receive the guaranteed portion TAX-FREE.

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    • A Registered Education Savings Plan (RESP) is an investment vehicle available to parents in Canada to save for their children's post-secondary education.
    • The principal advantages of an RESP are the access it provides to the Canada Education Savings Grant (CESG) and its ability to generate tax-deferred income.

    $25 invested per week will achieve:

    RESP Growth: Year 6 $11,215, Year 12 $27,286, Year 18: $50,317

    * These figures assume a 6% average annualized Rate of Return and includes Canada Education Savings Grant (CESG) payments.

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  • Group Benefits  IconGroup Benefits

    Group Benefits

    • A group benefits plan is a cost-effective way of offering health and dental coverage for your employees.
    • By implementing a group benefits plan, a company can gain in three ways:
      • Benefits are a tax-efficient way to compensate your employees (health and dental benefits are TAX-FREE for employees)
      • You can help protect the well-being of your employees and their families
      • You can improve employee appreciation and loyalty
    • Our group benefits team is comprised of highly-trained technicians with experience as insurance company underwriters who will ensure the best design and pricing for your plan.

    Contact Us


Our life and group benefits advisors will work one-on-one with you to set goals, recommend steps you need to take, and regularly review your progress.

  • David Browne


    O: (416) 366-3333 x228
    M: (416) 520-7042
    .(JavaScript must be enabled to view this email address)

  • Stephen Gallacher

    Senior Life Insurance/Living Benefits Advisor

    O: (416) 366-3333 x239
    M: (416) 458-7866
    .(JavaScript must be enabled to view this email address)

  • Ksenia Nemeth

    Life Insurance/Living Benefits Advisor

    O: (416) 366-3333 x269
    M: (416) 835-8004
    .(JavaScript must be enabled to view this email address)

  • David Walden

    Senior Group Benefits Advisor

    (416) 366-3333
    .(JavaScript must be enabled to view this email address)

  • Michael Barrow

    Group Benefits Advisor

    (416) 366-3333
    .(JavaScript must be enabled to view this email address)

Our Products & Services

Dear Clients and Friends,

The health and welfare of our team, our clients and our communities is our highest priority and foremost in our thoughts as we actively monitor and address the COVID-19 pandemic.

Given the unprecedented declared State of Emergency, Martin Merry & Reid is preparing to implement a skeleton staff in the office with the remaining staff working remotely.

We want to assure you that we have business continuity plans and protocols in place to allow us to operate with as little disruption as possible.

In summary:

If you have an emergency and cannot reach your broker please call David Browne, President of MMR 416-520-7042.

We are confident that if Canadians adhere to the public health recommendations, government requirements, social distancing and personal hygiene regarding hand washing, we will be successful in our goal to flatten the curve on COVID-19.  We are striving to keep everyone healthy and reduce the load and capacity to Ontario’s emergency services, doctors, nurses, and hospitals.

Thank you for your patience and for participating in the protection and recovery of everyone affected.

Stay calm and carry on!

The staff at Martin Merry & Reid Limited