Personal Life Insurance
Life insurance is a powerful risk management tool that can protect you against unforeseen events. It can also be part of a sophisticated financial or estate plan for families or businesses.
Insuring Personal Debt
Eliminating debt on the death of an individual can be vital for the financial stability of the survivors.
Charitable Giving
This is a common way to reduce the taxes you owe on the estate through making a charitable donation.
Income Replacement on Death
The death of an adult family member has significant financial consequences for the surviving family members as it generally means the loss of income. Insurance can indemnify (compensate for) this risk by replacing lost income and is generally the most cost-effective means of doing so.
Income Taxes Due on Death
In addition to debt planning and family security, other financial consequences can arise on the death of a family member. This can include taxes, probate fees, time off work for the surviving spouse, etc.
Personal Life Insurance
Shareholder/Key Employee
Companies can protect themselves from losses related to the premature death of a key employee by purchasing a life insurance policy on their shareholders and key employees
Buy-Sell Funding/Shareholder Agreement Obligations
When a shareholder dies, the Buy-Sell clause of a shareholder’s agreement protects the interests of the surviving shareholders and the heirs of the deceased by forcing the sale of the deceased’s shares at fair value. With properly structured life insurance, cash will be available to execute the share purchase on a tax-free basis.
Disability & Critical Illness Insurance
Living benefits, such as disability insurance and critical illness are designed to provide financial protection while you are still alive.
Disability Insurance
This income replacement insurance protects an individual if they become unable to work due to an injury or illness.
Critical Illness Insurance
This insurance can stand alone or compliment disability coverage by providing a lump sum benefit after the diagnosis of a serious illness.
Travel Insurance
Unfortunately, injuries and accidents are a fact of life, even when travelling in Canada or out-of-country for business or personal holidays. Don’t be left without any medical insurance while you and your family travel on your next vacation. A small premium can give you the peace of mind knowing that if something should happen during your trip, you and your loved ones will be protected.
Personal Health & Dental Insurance
Since we are acting as insurance brokers, we have access to the top personal healthcare providers such as:
We work regularly with individuals and small business owners to determine the best fit for their specific situation. With over 20 years of experience in this market, I’m confident we can find a solution to fit the needs and budget of your situation. Contact me to find out more!