We often hear dealing with insurance is a P.A.I.N. The only way to determine the correct amount and type of coverage is to:
Professionally Assess your Insurance Needs.
We accomplish this with our 3 step process:
Just like going to a new doctor for the first time, it is important for us to ask the necessary questions and obtain all the essential details in order to prescribe the right solution – and ensure you don’t waste your money on what you don’t need!
Depending on your needs, we can assist you in one specific area such as Risk Management and Insurance Planning, Retirement Planning, or more comprehensive Financial and Estate Planning.
There are certain stages of your financial life where a premature death can be disastrous. If you have a mortgage, young children, and a stay at home spouse, they may have difficulty surviving. Or, you may be an owner in a business without a properly funded Buy Sell Agreement. Where will the money come from to buy out your deceased partner’s family?
Life Insurance proceeds can be used for a variety of expenses such as a mortgage, any and all types of debt; it can provide an income for survivors, cover all final expenses such as funeral costs and probate fees, etc.
As each situation is unique, it is essential to have a professional needs analysis completed to determine the correct amount and type of coverage.
Like most working Canadians you likely have accumulated some sizeable assets over the years such as your home, vehicles, rental or vacation properties, investments, and so on.
Have you ever wondered where the money came from to purchase these assets? Well, it’s from your paycheque. You could lose one of your assets, and as long as you have a paycheque coming in, you can survive and rebuild your financial life.
Have you ever considered where your paycheque comes from? It comes from your ability to put on your socks and shoes and go to work every day. Your paycheque depends on your mental and physical ability to earn it. What would happen if you lost that ability? How would your finances and assets be affected?
Most people do not realize until it’s too late that your Health is your Wealth. Unless you are independently wealthy and don’t need to work, ask yourself what would happen if a serious accident or illness were to occur? How much money would you make if you were not able to go to work? What would you do?
We all know someone who has suffered a life threatening condition such as a Heart Attack, Stroke or Cancer. It affects each person in a different way, however, one thing is common: their lives are changed forever. There are fixed medical costs, time off work, home renovations in more serious cases, including nursing care costs, and so on. Critical Illness Insurance can help provide the cash for these unexpected costs.
Think for a minute and ask yourself how many people you know who have suffered from a Heart Attack, Stroke, Cancer, or any other life threatening illness. Really think. Isn’t it surprising how many people you know who have been afflicted. Now ask yourself how it affected them. What life changes did they go through? Would money have helped? How?
No one plans to get sick, however, the statistics are staggering on how many people will suffer from a Critical Illness in their lifetime. The severity of the condition and expected recovery time are unknown until the event occurs. If it were to happen to you, would your doctor or family ask you to work harder or take time to recover? Would they ask you to increase or decrease your stress? Would having extra funds available help?
It is common for banks and credit unions to request insurance on mortgages, credit lines, car loans, and other forms of debt.
You are NOT legally required to purchase their “mortgage insurance” or “creditor insurance”.
There is a significant difference in quality with personally owned Life Insurance, Disability Insurance or Critical Illness policies, and the difference at claim time can be substantial.
In all cases we offer tangible improvements in quality, and usually at a significant savings.
We live in a world of ever improving medical advancements and technologies. For some, this is a good thing. For others, it is perhaps forcing them to live beyond our normal life expectancy, and in many cases at less than optimal health.
Many of us in time will require the services of a Long Term Care facility or perhaps in home nursing care. This can be an enormous expense for you and your family. Where will the money come from? Will you have to liquidate your life savings and investments just to survive? Will you have to move from you family where all your memories are? How will this affect the inheritance for your children? And are they able or willing to help you?
We have options that can provide the funds necessary to cover these costs while preserving your net worth for yourself, and ultimately your successors.
