Insurance is essential to any comprehensive financial plan. You’ve worked hard to plan for your future, and should disability, critical illness, or unexpected death occur we want to ensure you are protected and your plan is not derailed.
Not all insurance policies are created equally. Some provide tax-advantaged savings that can be drawn upon for purchasing real estate or to provide future retirement income.
Through our industry leading partners, we have access to a variety of insurance products for your financial security planning needs. No matter your personal situation—single or in a family; a professional or seasonal employee; an executive or a small business owner—we will work with you to design a customized plan and keep it on track.
Life insurance
In the event of death, life insurance offers financial security to surviving family members. As a tax-free lump sum payment, it can ensure final expenses and debts are covered, and can replace earned income to support your dependents.
The advantages of life insurance include:
• Providing loved ones with instant access to funds when they are most needed.
• Death benefits that are almost always non-taxable for named beneficiaries.
• Avoiding probate costs if you name a beneficiary other than your estate.
• Creditor protection for your loved ones (through some life insurance plans).
• The ability to build tax-advantaged capital for retirement purposes or provide liquid savings (through some permanent life insurance plans).
We work closely with you to identify needs and present strategies to not only protect your wealth, but also build it. Our goal isn’t to “over-insure” but instead to protect what you have worked so hard to achieve.
Living Benefits
Your most valuable asset is not your house or your car. It’s the ability for you to earn income – and it should be protected. Life often throws us unexpected curve balls, and Long-term care, Disability and Critical Illness insurance should be addressed in your comprehensive financial plan.
Benefits include:
• Help maintaining your financial independence, lifestyle and long-term financial planning.
• Assists with fixed expenses for your business.
• Support the buy-out of a disabled partner’s share of a business.
• Cover home-care costs during illness and recovery periods.
• The potential for assistance even if not fully disabled.
• The ability to provide a return of premium benefit (optional).
Long-term Care and Disability Insurance
Income is important for both current financial obligations (e.g. grocery bills and mortgage payments) and for future financial security (e.g. planning for your children’s education or for retirement). Just think what might happen if you suddenly lost your income stream through a long-term illness or disability.
Long-term care and disability insurance products help protect your ability to earn an income, which can be affected if you are afflicted by a disability or other condition.
A comprehensive financial plan should consider the long-term care and disability insurance products that provide advantages like:
• Helping maintain your financial independence, lifestyle and long-term financial security plan in the event your income is impacted by disability.
• Assist with paying fixed expenses for your business if you become disabled.
• Support the buy-out of a disabled partner’s share of a business.
We can help you tailor your financial security plan to protect you and your family through long-term care and disability insurance. Contact us today to find out how.
Critical Illness Insurance
Suffering a critical illness will be difficult for you, your family, and/or your business. Reducing financial stressors can help ease the burden and complement disability and life insurance protection needs, allowing you to focus on recovery.
The advantages of critical illness insurance can include:
• Coverage for up to 25 critical illnesses or conditions.
• Home-care costs during illness and recovery periods.
• Potential assistance even if not fully disabled.
• Possible return of premium benefit (optional).
• Individuals who cannot obtain disability insurance may still qualify for critical illness coverage (e.g. a non-income earning spouse).