Insurance planning

The only certainty in life is uncertainty. Planning is a best effort at preparing for the unexpected, and unintended is best prepared for through prudent insurance planning.  Having personally suffered through the tragedy of losing an arm, our founder brings more than an academic or superficial understanding of the importance of insurance.

The importance of insurance planning

Without proper investment planning, retirement planning, or estate planning, you will not invest successfully, retire comfortably, or leave a meaningful legacy for your beneficiaries.  Without a well-thought-out insurance plan, all aspects of your financial plan are exposed to unforeseen risks. 

Good planning helps you identify and plan for all the risks involved in every aspect of your financial life. Thoughtful insurance planning mitigates unforeseen risks or those that you are unable to plan around.

What we can do for you

Insurance is something you buy, but hope to never use.  Rather than seeing insurance as an “expense”, we encourage you to experience it as peace of mind or a cost of investing. That is the essence of our insurance planning approach:

Our insurance planning approach covers:

  • Comprehensive review: We’ll review existing plans to ensure they continue to fit your needs. If you don’t have an insurance plan, we will advise and guide you on which plans make best sense for you and your family.

  • Home, car and other asset insurance: You should not over-insure, but you should never un-insure or under-insure either. The type (and value) of your home, car and other assets will determine what insurance, and how much of it, you should buy. 

  • Death-event security: If you have people that depend upon you being around for many years to come, like your spouse/partner, minor children, aged parents, we’ll advise on what life insurance policies best meet your needs.

  • Retirement income through annuities: Sometimes, the best way to guarantee retirement income is the simplest – annuities. These products vary in terms and pay-out options and conditions, and we will help make sense of it all.

  • Critical illness protection: You may be in the best of health now, but illness has a way of sneaking up on the fittest amongst us. Let us help you determine if you need to insure against a critical illness and, if so, under what terms.

  • Disability and long-term care protection: Accidents, at home, at work, during your commute, can leave you severely disabled and financially stressed. We’ll help you insure against such unexpected turn of events.   

  • Travel insurance: Sometimes, even the safest of travel plans can turn into nightmares. Whether it’s an illness or accident overseas, a missed flight, lost baggage or natural disasters that interrupt your plans – if you are insured, you’ll likely be less stressed about dealing with the consequences. 

  • Health, dental and wellness insurance: With family and personal medical care becoming more expensive by the day, it may be prudent to cover yourself and your family through appropriate health insurance plans. 

  • Funding children's education: Even though your children are of tender age, sometimes insuring their lives may make good sense in the long-term, especially in helping to pay for college or university. Paying just a few hundred dollars a month in premiums now, could result in a windfall payment by the time your child is of college or university-going age. We’ll help you decide if this is a good option for you by doing the math!   

  • Insuring estate and succession plans: When structured correctly, insurance can be a great estate planning tool as well, especially when it comes to shielding your beneficiaries from paying taxes or fees on their inheritance.  Partners in business may also use insurance policies as a great financial tool to aid in succession planning. We’ll help you structure an insurance plan that makes sense for your needs. 

*The cost and availability of life insurance depend on factors such as age, health, and the type and amount of insurance purchased. Before implementing a strategy involving life insurance, it would be prudent to make sure that you are insurable by having the policy approved. As with most financial decisions, there are expenses associated with the purchase of life insurance. Policies commonly have mortality and expense charges. In addition, if a policy is surrendered prematurely, there may be surrender charges and income tax implications.