Life insurance is more a want than a need for many. The advantage of life insurance is that it selflessly ensures financial well being of those you leave behind, whether at the end of a long life or due to an unforeseen passing.

Different valuable options for life insurance include:
-Term insurance > providing benefit at a time when the need for income replacement is temporary
-Permanent > offering death benefit no matter how long you live, and can also provide tax efficient investment opportunities that can play a part of the overall financial plan.
-Participating Life Insurance > also permanent in nature, the cash value is a tied-in component that is designed to grow the death benefit as dividends are paid into policies.

Critical Illness insurance is a benefit for you and your loved one: It can 100% protect you in the event of a life-threatening ailment, including cancer, heart attack, stroke and several other conditions by providing you access to the best specialists in the world as well as having the money to get the best treatments available (even the ones that are not covered by our health care system... or just aren't available in Canada at all!).

The other important aspect of CI is the ability to think about your loved ones (and yourself!). Family can take time away from work without suffering financially for taking time to be with you.

While it's never good to have to go through a life threatening illness, with more and more people surviving as medicine continues to advance, crossing something amazing off your bucket list so celebrate your life can bring the spark back to life.

Critical Illness insurance is also a major component in protecting your business by having the funds available for you to hire a temporary replacement to take care of things while you focus on your recovery. It can even be structured as part of a partner buy-out or maintaining equality in a partnership when you need to focus on your health.

Having a disability that keeps you away from your work can feel debilitating. The last thing you need to worry about when things are bad is to wonder how you can pay the bills.

Disability Income insurance will pay you for as long as you are physically or mentally unable to return to work. Plans can even offer an "easing-in" benefit that lets you slowly get back to full time work while still paying you. In the event of a prolonged disability, plans can also offer a growing benefit to combat inflation.

Business partners can add this benefit to their exit strategies to ensure that prolonged disabilities don't force one partner to carry the other partner, while offering the value owed when things don't work out they way it was once envisioned.

There's risk adverse and there's I WILL NEVER RISK A PENNY TO THE MARKETS! The industry has matured a whole lot in the 21st century to start offering different types of guaranteed income products.

Annuities give you a set income for life with options that guarantee income for so many years regardless of when you pass away.

Guaranteed Minimum Withdrawal Benefits gives you the ability to invest in the markets, but still provides you a guaranteed income. While these plans typically offer a lower starting income than an annuity, with proper (historically expected) growth, this option can grow and provide even more income than originally prescribed, even outperforming an annuity, but can also leave a larger legacy to survivors if your money outlives you.

GIC's (Guaranteed Investment Certificate) have been the "best" way to guarantee that you get the "highest" rate of return on your money with the guarantee that you cannot lose to market fluctuations. The problem with these are that for well over a decade, the rates have been so low that you people have been losing to inflation constantly, even if you were willing to lock your money in for 5 or more years (and the lending institution would take that money and get a way higher return on your money).

There are actually options out there that work a lot more effectively! Guaranteed Investments can now offer you a portion or the entire growth of a market exposed investment (depending on length of time of the investment) while guaranteeing to never lose a single cent of your initial value!

Individual Pension Plans, or IPPs, are corporate sponsored guaranteed income retirement plans for an individual person. From a tax perspective, there are multiple value-adds behind this structure, and usually incorporates your accountant for the most efficient structure.

There are several ways such plans can be structured, including with the use of funds inside of insurance policies.

One of the most scarcely available options, Long Term Care offers a weekly living benefit for as long as you are unable to do 2 of the 6 regular daily living activities (washing, toileting, dressing, feeding, mobility, and transferring). While similar to Disability Income insurance, LTC can work as a double payment when DI kicks in, but also pays out when the disability isn't severe enough to keep your from making an income.

It has been proven for years that employees work more effectively and stay with an employer longer when they have benefits that take care of their health related matters without having to worry about going out of pocket. Plans can be very customizable to meet many budgets and desired structures.

When it comes to a group retirement fund, employers can (but don't have to) match amounts contributed by employees, and offering such a plan is one of the easiest ways to save for your retirement without having to think about setting money aside after having received it in your bank account.

The best part about these solutions is that with a competent and caring planning team, you also offer your entire company comprehensive, customizable and private financial planning solutions (though for the business owner, having an added business expense for tax purposes isn't a bad thing either!)

Not every company has a group insurance offering, and not every company has enough people in it to be able to take advantage of such a plan. While group plans are often more robust and customizable, individual health plans offer province-wide pooling to keep costs from increasing heavily due to excessive usage. For sole proprietors or business owners, these plans can be considered a business expense.

You can literally select and apply for your preferred plan by clicking on any of the provided links below and it still connects you to customizable future planning and support.