Quantifying your needs and simplifying your objectives is essential to the evaluation of your insurance portfolio. Through iterative discussions and careful planning, we help our clients identify their financial risks and objectives, which in turn enables the selection of the optimal solution.
Due to their treatment by fiscal authorities, insurance policies have also long served as efficient vehicles for building wealth, especially when intergenerational planning is involved.
The most obvious need for life insurance is to protect one’s family and dependents should tragedy strike.
The death or extended illness of an active business owner or a key person can have devastating financial consequences. In fact, the business may not survive it without emergency resources. The right insurance policies can:
An inheritance or a legacy is the final step in a complete financial plan. Amongst a multitude of options, your final goals may include:
Life insurance contracts can serve as efficient investment vehicles to fund such objectives. The treatment of such policies by the income tax act gives them a considerable advantage over other investment vehicles. In most cases, these vehicles can be used to obtain compounded tax free growth, while their death benefit provides an untaxed significant lump sum. The result is a “net rate of return” that is often difficult to match in traditional investment vehicles.
