Business Life Insurance Life insurance can help you protect the business you’ve worked so hard to build. Who is this for? Whether your company is brand new or has been around for generations, life insurance is a useful tool for helping you reach your financial goals. Life insurance offers you a way to help protect your business, employees and family members by providing necessary resources in the event of an unexpected death. Additionally, if you’re looking for opportunities to reduce your annual taxes payable, manage risk by diversifying your corporate assets or grow your total net worth, permanent life insurance may be a good solution for you and your business. How will this help me? Life insurance can provide funds to pay debts and expenses and help keep your business going if you or a key member of the team passed away. It can also be used to build your business’s assets and help you achieve your long-term financial objectives. That’s because company funds placed in a permanent life insurance policy…
Business Critical Illness Insurance It’s insurance that can help you protect your business and allow you to recover on your own terms. Who is this for? As a business owner, you understand that your business is key to supporting the lifestyle you enjoy today and your plans for the future. But these plans could be affected by a life-altering illness, such as cancer, heart attack or stroke. Consider this: Research shows that one in 2.2 men and one in 2.4 women in Canada will develop cancer in their lifetime. How would your business respond if you or one of your top employees developed such a life-altering illness? The good news is that, thanks to new developments in medicine, more people than ever before are surviving these critical illnesses. Nevertheless, it’s crucial that you and your business are prepared for the financial effects of a life-altering illness and that starts with critical illness insurance. How will this help me? Critical illness insurance can help your business by allowing you to recover on your terms…
Business Disability Insurance Protect your business and provide a meaningful benefit to your key employees with disability insurance. Who is this for? As a business owner, you know there are certain key people – such as yourself or members of your management team – whose contributions would be sorely missed if they were unable to work. There’s no denying that losing you or an important team member to a disability could have a significant impact on your business’s performance and its bottom line. Disability insurance can provide you with the resources you need to help you meet your personal and professional obligations. How will this help me? Disability insurance is designed to help mitigate risk by providing your business with financial support in the event that you or other owners of the business can no longer carry out your professional duties due to an illness or injury. Also, by offering additional personal disability insurance, you can provide a meaningful benefit to your key employees. It’s a way to…
How Segregated Funds Can Help Business Owners You’ve built your business. Segregated funds can help protect you. Who is this for? As a business owner, you’ve put a great deal of time, money and passion into establishing and growing your business. Segregated funds – which are professionally managed pools of money spread across different investments – can help protect your money should you run into tough financial times. How will this help me? A segregated fund policy is an insurance policy. For that reason, it may be protected from creditors – not only for your personal registered assets, but also your non-registered assets. The potential for creditor protection may be available where the beneficiary shares a specific type of relationship with the annuitant; for example, if they’re a spouse, child or parent. This level of protection is not available with mutual funds. What else do I need to know? They can provide liability protection As a business owner, the potential for exposure to liability is a real possibility; as…
