Our Approach is Simple.
Our approach is simple. We want to understand you, and provide you with insurance and financial solutions tailored to your needs.
Identifying the right solution requires a broad perspective, industry knowledge, and an ability to see the big picture as well as the intricate details. By understanding you, your goals and needs, we can create a plan that is customized to you.
Our Process focuses on Three Core Values
Our priority is to make sure that you understand all of your options in order to obtain the appropriate solutions. As independent brokers with a long history and deep understanding of all available carriers, we are able to identify the nuances between companies and products to ensure maximum value for our clients.
Each of the unique factors of your life and health history can result in different pricing or eligibility from various insurance companies. Our experience and knowledge of the insurance landscape allows us to match you up with the company who is the best fit based on your own unique characteristics.
Meeting face to face at your home or office, or on a conference call or email exchange, you will always get hands-on personal attention and support. Whether it is the live-answer on the other end of an urgent call, or help dealing with the insurance company, our valued team has been providing our clients with the highest level of service and support for more than 50 years.
Life insurance is the foundation of any financial plan. It can be both a financial tool and an asset that can protect your family, your business, or whatever matters to you.
There are many different types of life insurance policies available, however most policies can be categorized into one of two types, Term Insurance & Permanent Insurance. Term Insurance provides affordable protection and flexibility for a fixed period of time, with valuable options to extend the coverage in the future. Permanent Insurance provides fixed lifetime coverage, and the assurance that there will always be a benefit paid to your beneficiaries. Permanent Insurance Policies can include the option to accumulate cash value within the policy on a tax-sheltered basis. These can be a useful tool for retirement as well as tax and estate planning.
Click Here to learn how life insurance can help you create a legacy and preserve your wealth.
For most business owners, your company forms the basis of your family income, personal financial security, and establishes your legacy for the next generation. Business Protection Planning starts by considering the possible events that could jeopardize the momentum and value of your business, such as the death or disability of a key employee or shareholder.
We work intimately with our clients and their advisors to identify these risks, and to establish tax-effective strategies that can help protect against these difficult scenarios. This ensures that the value and viability of the business is maintained. A Business Succession Plan can help ensure that you, your family and business are all properly protected in the event of death, disability or retirement.
The following are some of the concepts used to in Business Protection and Succession Planning:
- Key person insurance
- Buy/Sell insurance
- Loan protection insurance
- Executive Compensation
- Tax planning strategies for shareholders
- Corporate Insured Retirement Plan
When thinking about our insurance needs, most people think about life insurance and the financial impact on our loved ones if we are no longer there. But going through an illness, accident or disability can have an even more significant impact, both emotionally and financially. Critical Illness insurance and Long Term Disability Insurance are two valuable solutions that are designed to help families and businesses cope with the financial impact of these difficult situations.
The first step is to help you understand what these policies cover, and what protection they provide, leaving you better prepared to identify your own needs and implement the right solution.
Critical Illness Insurance policies provide a lump sum, tax-free payment in the event that you are diagnosed with any of the covered conditions including, but not limited to, Cancer, Heart Disease or Stroke. For all full list of covered conditions Click Here.
The following are some of the key features of Critical Illness protection:
- Lump sum tax-free benefit is paid after a 30-day survival period, and can be used in any way you choose
- Policies are structured similarly to life insurance, where you have Term and Permanent plans to choose from
- Some Policies allow for a 100% refund of all premiums if you die from other causes, or never have a critical illness claim paid
Long Term Disability plans provide a monthly benefit to replace lost income as a result of an illness or accident that impacts your ability to work. You are your most valuable asset, and LTD policies protect your ability to earn an income.
Disability insurance is also available for out-placed executives, individuals becoming self-employed, and to fund business Buy-Sell Agreements & Key Persons.
The following are some of the key features of Long Term Disability Insurance
- Benefit is paid on a monthly basis, as a percentage of your income
- Policies typically have a waiting period of either 90 or 120 days from the date of disability, with benefits payable through to age 65
- Many plans allow you to increase coverage in the future, without medical questions, in order to keep pace with your income
- Some Policies allow for a refund of premiums in the event that you do not have a Disability Claim
Retirement Income Solutions
For the first time in history, people today are likely to spend more years in retirement than in the workforce. With the shift away from Government and Company pension plans, the challenge facing so many today is how to generate sufficient income through these retirement years, while also protecting ourselves from market downturns, as well as the need for additional care in our later years. By taking advantage of solutions that provide tax-efficient, guaranteed income for life, with the potential for growth if the markets perform well, we can help ensure that you never outlive your money.
In combination with plans that can provide additional funds to help pay for the cost of long term care, either in the home, or in a facility, you can build a rock solid plan that protects your lifestyle and independence.
We are always looking for products that provide assurances and guarantees to allow you to retire with confidence. The following solutions are available on both a registered (RRSP, TFSA, RESP) and non-registered basis.
Retirement investment programs include:
- Investment Funds with Income Guarantees
Offered exclusively by Insurance Companies, these funds offer investment returns based on market performance, along with built-in guarantees that protect your original investment, and provide a guaranteed income stream for life.
A valuable part of many retirement plans, Annuities are a contract that provides a guaranteed amount of income for a fixed period of time, or for as long as you live. Annuities offer estate planning benefits, the opportunity for tax-efficient income and can provide creditor protection
- GIC’s (Guaranteed Investment Certificates)
Secure investments that offer a guaranteed rate of return for a fixed period of time.
With increases in life expectancy, and reductions in covered expenses being delivered by Provincial Health Plans, Long Term Care Insurance protects your independence and your assets by providing an income stream to pay for the costs of a long-term facility, or for care in your home.
With the costs of care continuing to rise, and more responsibility shifting to individuals and their families, it is important to consider the financial and emotional impact this can have on families. More and more people are caught in a “sandwich generation”, caring for both parents and children at the same time. Proper Long Term Care Planning can help provide certainty and stability to help everyone maintain their lifestyle and savings.
Long Term Care Plans offers the following benefits:
- Policies provide a daily or monthly benefit if the insured loses the ability to care for themselves, and requires the services of a facility or assistance in the home.
- Care can be provided in your home so that you do not need to downsize or move to a facility right away
- Policies can include a return of premium option to refund all premiums if the insured dies without having claims paid out
- Premiums can be paid over a limited period (10 or 20 years)
Individual Health Plans
If you don’t have access to an employee benefits plan, there are 2 types of Individual Health & Dental Plans that can be tailored to meet your own individual needs. They are Traditional Plans and Conversion Plans. Most plans will include, but not limited to, the following benefits.
- Semi-Private or Private Hospital Room Coverage
- Prescription Drug Coverage
- Alternative Therapies
- Emergency Medical Travel Coverage
- Vision Care, including eye exams, glasses and lenses
- Dental Care
- And more
With more than 30 different types of plans, available from several different Insurance Companies, we can help identify the plan that suits your needs. These plans offer the most comprehensive coverage, but require a medical questionnaire in order to be eligible.
If you are losing Group Benefits Coverage, you may be eligible for a Conversion Plan without medical questions. These plans are available typically within 60 days of losing Group Coverage, and can provide coverage for pre-existing conditions.
Health Spending Accounts
Business Owners or Executives looking for an alternative to traditional plans, or to supplement their existing coverage, may be able to consider a Health Spending Account (HSA). An HSA is an account that is established to pay for medical and dental expenses for you and your family members.