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Protecting Your Family

Let’s face it, raising a family today can be financially challenging.  The cost of living continues to increase, housing costs are rising along with education and extra-curricular activities for our children.  It is tough to make ends meet and still have something left over at the end of each month.

Most families today require both parents to work to afford the lifestyle they enjoy.  Losing one of those incomes through premature death, illness or a disability is a real risk that many families would have a difficult time facing emotionally and financially.

How do you protect your family?

  • Life insurance is designed to protect your family by providing the resource to replace income, pay off debt, and fund future education costs in the event that one of the parents dies.
  • Disability, or income replacement insurance, is designed to replace lost income if an individual is not able to work due to accident or sickness.
  • Critical Illness insurance will pay a lump sum benefit in the event of a diagnosis of many major illnesses.

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Canada Protection Plan – Simply Peace of Mind

 Giving you  a choice

It does not matter who we are or what we do, at heart we all want the same thing – to make sure that the ones we care about most will always be taken care of.

Whether you are hard to insure, have health issues, are in good health or simply want reliable coverage fast, Canada Protection Plan offers a wide variety of plans to suit your specific needs.  Whether you are 18 or 80, you can apply.

Hard to insure, no time or a dislike of needles

We offer coverage up to $500,000 for No Medical & Simplified Issue Life Insurance plans.  We do not ask if you’ve been declined life insurance in the past, nor do you need to go for a medical exam.  This means total convenience, enabling you to get protected no matter your health condition of if you required coverage quickly.

 

 

 

 

ARTICLES OF INTEREST

27
Nov

What is Key Person Insurance?

Most business owners understand that assets vital to the success of the enterprise should be insured.  Premises are routinely covered for fire and/or theft; vehicles used to make deliveries, insured; machinery needed for manufacturing, also insured. Given that these tangible assets are instrumental in the success of the business, it makes good business sense that the business is protected in the event of a loss.   But what about key employees? Many business owners overlook the impact on their business should a key employee die unexpectedly.

If you own or manage a company whose continued success is dependent on key people (it might even be you), it would be prudent to insure all key personnel whose death or incapacity would negatively affect profitability.  Key persons are those who contribute to the continuing success and profitability of the enterprise.

What happens when an owner or key person dies or becomes disabled? Read more »

2
Nov

Tips for a guilt-free Holiday Season

Even for those of us who love the holiday season, this time of year can be very stressful. In addition to all our regular commitments, we somehow manage to squeeze in enough time for holiday shopping, extra cooking and baking, get-togethers and parties, and maybe even a school concert or two.

The stores started stocking holiday décor in October, and suddenly the pressure is on – to have the “perfect” holiday, but do we really need perfection and all the stuff that goes with it? Read more »

13
Oct

Segregated Funds for Estate Planning

As we age and our thoughts turn to estate planning, Segregated Funds may present a valuable planning opportunity.  As we progress through the stages of life our investment focus changes from growth to income to preservation.  Usually, the expected rates of return reduce as we age, primarily because we have less time to make up for a loss and feel the need to be more conservative in our approach.  Anyone who has retired shortly before or after a major market correction (or crash!) understands the impact volatility can have on their enjoyment of a comfortable retirement.

In addition, none of us want to leave an estate for our heirs which could be a fraction of what was intended or be a catalyst for family discord.   Fortunately, you do not have to forego the opportunity of growth in order to preserve the capital that you wish to leave to your family.  Segregated Funds not only protect your estate against market fluctuations, they also provide the comfort of knowing the inheritances you wish to leave will be received by those for whom they were intended.

What are Segregated Funds?

Segregated funds are similar to mutual funds and represent market- based, equity, bond or fixed income investments.  They differ from mutual funds in that as they are offered by life insurance companies, they have special benefits that mutual funds do not.  These special benefits include: Read more »