Life changes often, so your life insurance should be able to keep up. There are two types of coverage; Term and Permanent. Term is short term coverage designed to cover off risk for a set period of time, and permanent is long term coverage, guaranteed to payout upon death, no matter what age that might be. Permanent coverage products also give you the ability to build cash surrender value inside your policy. This means you can also benefit from unique planning strategies while you are alive.

We cannot control what happens in life, but we can control how we respond to it. Living benefits offer income protection while you are still alive.

Critical Illness Insurance provides a tax-free lump sum benefit if you have been diagnosed with a contractually defined illness, and survive the elimination period. Plans can be designed as term coverage or permanent coverage to support your continued needs. 

Disability Insurance pays you a tax-free monthly benefit that is based on your annual earned income. It’s designed t0 assist you in taking care of your financial needs if you are no longer able to work, due to an illness or injury.

Corporately Owned Life Insurance is owned and paid for by a holding company or an operating company. All types of life and living benefit coverages can be owned within a corporate structure. These products are used to cover off various corporate needs. To name a few of these uses; Funding Shareholder Agreements, Covering off key persons to protect against loss of income, providing coverage for future liabilities, and for growing retained earnings in a tax deferred environment.

Insurance is an instrumental component within the planning toolbox. When used effectively it can form the foundation of your financial success.