Image
paulfergusonfingroupwithphone.jpg

Insurance

Insurance is a financial product where you make payments (premiums) now to provide you with financial security later. There are many types of insurance and, with each type, several options to make your chosen insurance works the hardest for you to provide you with peace of mind in planning for your future.

Long-Term Disability

Long-Term Disability Insurance (LTD) provides you with income should you become unable to work due to illness or injury. This can supplement coverage you receive from your company or provide coverage if you are self-employed.

  • Personal LTD is a great option if you are a self-employed business owner, someone that does not have group LTD insurance through your employer, or if you want to supplement your group LTD insurance.
  • Executive LTD is a designed to help business owners or professionals with income should they become disabled or sick. This type of coverage provides you reimbursement for your business expenses such as hiring a replacement, or providing money to buy out a disabled business partner or shareholder.

If you are a small to medium business owner looking for coverage for your employees, please visit our Employee Group Benefits page.

Life Insurance

Life Insurance allows you to feel comfortable knowing that some of your major financial commitments are covered in the event of your death or disablement. Your monthly payments now can provide you or your family with tax-free payments in a difficult time.

  • Personal Life Insurance is available in a number of options including Permanent Life Insurance and Term Life Insurance. In addition, each option has a number of features, options and benefits that can help you find the right fit for your needs.
  • Key Man Replacement Insurance is available to business owners or organizations to provide them with the financial means to cover expenses hire a replacement if an owner or executive dies.
  • Buy-Sell Agreements specify what will happen if a business owner or partner dies or becomes disabled. They can be as simple as specifying that the other partners will purchase the business from the deceased partner using life insurance, but there are many options available.
  • Mortgage Insurance protects your investment in one of your largest assets if you die, default or unable to pay for your mortgage.

If you are a small to medium business owner looking for coverage for your employees, please visit our Employee Group Benefits page.

Critical Illness Insurance

Critical Illness Insurance is becoming more and more vital as life expectancies increase. It provides you with a lump-sum payment to continue living the life you planned for after a critical illness. It provides you with a tax-free payment to cover health costs not covered by your provincial or private health plans, regular bills like mortgages and car payments or income replacement for you or a loved one who must take time off work to care for you.

Long-Term Care Insurance

Long-Term Care is costly whether that care is provided in a facility or in your own home. While part of the cost is paid by provincial health plans, this amount varies based on province. By purchasing Long-Term Care Insurance, you allow yourself the financial flexibility to choose the best option for you and ensure you set yourself up for a comfortable life in your senior years.