Insurance Options
Income Replacement
No doubt your income is vital to support you and your family. Should you die, income replacement insurance provides immediate cash and subsequent income for your family. You can rest easy knowing that your family’s needs are secure.
Disability Insurance
We all like to think we’re invincible, but statistics tell us otherwise. A few rather sobering numbers: According to Statistics Canada, women aged 35 years have a 21 per cent chance of suffering from a moderate to severe disability. That figure increases to 31 per cent for women aged 55 years. What would happen to your lifestyle if you became disabled and were unable to return to work? Disability insurance provides a monthly benefit to replace your lost income.
Critical Illness Insurance
A critical illness has devastating impact not only on your health, but also on your ability to pay costly medical expenses. Critical illness insurance pays out a tax-free benefit, providing you with the financial security to make any necessary adjustments to your lifestyle.
Long Term Care Insurance
The good news is people are living longer. Sometimes, though, this means that long-term care is required later in life. Extended care is a costly and often unanticipated expense that can threaten your financial security. Long Term Care Insurance provides a daily benefit that can be used to cover the cost of having a registered nurse come to your home, or for you to stay in a nursing home.
Health & Dental Plans
Rising medical costs mean that health and dental plans are an essential part of an employee benefit package. Whether you are a sole proprietor working from home or the owner of a larger business, there is a health plan available to provide the coverage you and/or your employees need.
Estate Planning
You’ve worked hard. You’ve accumulated assets and built up an estate. Now you want to ensure that as much of your estate as possible is directed toward your chosen beneficiaries. Take a look at plans that allow you to accumulate money on a tax-deferred basis to pay necessary estate costs such as probate fees, capital gains and taxes on registered assets.
Charitable Giving
You care about your community as well as the world in which we live. No doubt you have favourite charities that you contribute to. Life insurance provides an opportunity to help fund charitable organizations on a much larger scale than you could through annual donations. And, you could also receive unique tax benefits.
Final Expenses
Rather than leaving your loved ones with debt, you can leave them with a legacy. Life insurance provides your family with funds for any final expenses such as funeral costs, outstanding bills or taxes due upon your death. There are also insurance products that have a nursing home benefit, allowing you to tap into the value of the policy if you move into a care facility and require extra funds.