Life and Disability Insurance:

We view personal and business life insurance as a 'safety net'. It is the one purchase you can make that may save you many times what you pay in premiums. You should have many safety nets in place, however, the correct ones at an affordable price is what we assist you with.

Disability Insurance:

If you are unable to work and earn an income, how will you meet the financial obligations for you and your family? Will you lose your home, your car, your cottage, your self esteem? We work with all the major disability companies in Canada allowing us to custom design an income continuation plan to fit your budget.

Personal Life Insurance:

Buying personal life insurance is one of the most unselfish things that a person can do, since the benefits go to someone else. Have you ever asked yourself:

• Do I really need life insurance?
• How much is enough, and how long will I need it for?
• What type of policy should I purchase?
• Is the premium reasonable and competitive?
• How will my company group benefits and Canada Pension Plan benefits impact on my planning?

We have experienced and qualified life insurance brokers, who will work with you to answer the above questions, and custom design the right solution for you and your family. As independent insurance brokers, we will research the market to find you the right solution with a financially secure life insurance company.

Mortgage Insurance:

Most people understand the need to have their mortgage covered by life insurance to leave a debt free home to their loved ones. Many people purchase their mortgage insurance through the bank lending the money, because they believe it is a requirement of the loan and the cost is less expensive than through an insurance broker. What are the benefits of purchasing your mortgage insurance through an insurance broker:

• the coverage is level and guaranteed
• you have a named beneficiary (usually your spouse) that receives the proceeds tax free and controls where the money goes
• the coverage can be transferred (non-medically) to another home
• the plan can be converted to other types of programs that may benefit you in the future

And all of this can often be accomplished at a lower cost!

Critical Illness Insurance:

Do you know of anyone who has had a stroke, heart attack, been diagnosed with cancer, MS, or any other life threatening illness? Many of these people do survive and receive no benefits from their life insurance company or disability company. Through a Critical Illness Insurance policy, you can receive a lump sum benefit (e.g. $100,000, $250,000, etc.) upon the diagnosis of many critical illnesses. This money can be used to compensate you for loss of income, out of pocket expenses, or whatever you feel would help you through your illness. The cost of this coverage can be inexpensive if designed properly through many of our companies.

Employee Benefits:

A quality employee benefit program is one of  the best methods of attracting and retaining good employees. The plan can be properly designed to deliver value to your employees at an affordable premium (tax deductible) to you. For a company with an existing group plan, it is imperative to shop the marketplace to ensure you are getting the best value for every dollar you are already spending. For a company without an existing, it is worth the investment of your time to look at your options and see the return you can receive from offering your employees a quality program. We work with professional group representatives from all the major insurance companies to offer you a competitively priced plan that fits your budget and your needs.

Business Life Insurance:

There can be many financial losses to a successful business for reasons other than the marketplace; the death or disability of a key person who represents a substantial portion of the financial success of your business or of an owner or partner who is critical in running the business. These losses can be offset by a properly structured and funded Key Person insurance policy and Buy-Sell Agreement. The process of implementing these agreements or reviewing your existing ones is not a complicated and time-consuming process for you as we have experienced representatives and tax advisors available to work with you and your advisors.

Are you concerned about Revenue Canada taking a substantial percentage of your business upon your death or upon you passing your business to your children? You are the person who sacrificed your time and your money to grow your business to what it is today, and yet Ottawa is the first one in line demanding their share! You can minimize the shrinkage of your estate by having a Capital Gains Tax Plan, a Business Succession Plan, and an Estate Plan in place and properly funded. The planning you do at this point can save you the loss of many years of hard work. We can work with you and your lawyer and accountant to implement a plan that will keep you in control of your company's future.

If you are interested in any of the above types of insurance, please either contact the office at 416-754-3910 (1-800-773-8638 outside of the Toronto area), or email info@insuranceportfolio.com. We would be pleased to help you.