About us

Favas Insurance Services, Managing some of the Largest Portfolios for some of the Largest Insurance Companies in Canada. Specialize in Life Insurance, Critical Illness Insurance, Disability Insurance


Term Life insurance is well-suited to meet high, buy information pills short-term protection needs for the lowest initial cost. For example, medicine a couple with young children and a mortgage might select Term Life insurance as an affordable way to get the full coverage they need immediately.

Term Life insurance coverage can do a good job of meeting immediate needs and may provide the opportunity to later move or convert to permanent Life insurance without having to provide proof of health.

A Term Life insurance policy can be used at death to provide funds to:

  • Create an estate for heirs
  • Pay off a mortgage
  • Pay taxes owing on an estate
  • Pay off business loans and lines of credit
  • Pay off personal loans
  • Fund buy-sell agreements


Understanding that each person’s Life insurance coverage needs are unique, Favas Insurance offers several different Life insurance plans, so along with your adviser, you can choose the one that best meets the individual needs of you and your family – no matter what stage of life you are currently at.

Term plans may also be renewable after 5, 10 or 20 years, also without having to provide proof of health. The price increases as appropriate for age at renewal. A Term 10 plan can be converted to a Term 20 plan between the first and fifth policy anniversary or the insured’s 65th birthday, whichever is earliest. Term Life insurance can be purchased as an initial step before purchasing Permanent Life insurance. It’s components include:

  • Affordability
  • Premiums guaranteed to remain the same for 10 or 20 years depending on your needs
  • Guaranteed premiums for each renewal period (at the time of issue)
  • No medical evidence required at renewal period (medical evidence may be required if coverage amount increases)
  • Ability to convert to a permanent Life insurance policy
  • Your personal health and lifestyle determines the premium for your insurance coverage: You are rewarded for living a healthy lifestyle
  • Insured controls coverage
  • Coverage, once validly obtained, can’t be cancelled or altered while premiums are being paid
  • Multi-purpose coverage

Favas Insurance manage some of the largest portfolios for some of the most prominent and trusted insurance providers in Canada. We specialize in Life insurance, abortion mind Critical illness insurance, approved Disability insurance, Short & Long-term disability insurance and related insurance and financial products.

Favas Insurance has one of the most respected insurance specialists at the helm of their corporate and individual insurance division: Raimundo Favas  has been in the Life insurance and Related Products industry since 1989, and is considered to be one of the best in the field – and a trusted and well respected insurance and financial services advisor in the Portuguese community.

Raimundo has been a Qualifying & Life Member of the Million Dollar Round Table – an international network of insurance, investment and financial services professionals/advisors who serve their clients by maintaining the highest standards of ethics, knowledge and productivity. He continues his proud tradition of offering his wide breadth of expertise and service that is second to none, while delivering the most comprehensive insurance and financial products – at the most competitive price – to both individual and corporate clients across Canada.

If you’re looking for a professional, client driven insurance services corporation, with a commitment to cultivating long-term relationships with clients based on trust and integrity – with the highest standard of service – you’ve come to the right place.

                                                              We look forward to welcoming you to Favas Insurance.

“Good client experiences build great business! – Raimundo Favas, Insurance Broker