The obvious: If you have dependents — a spouse and/or children — be a responsible human and get some life insurance. If you have coverage through your employer, look closely at the amounts because they are likely not enough.
The not-so-obvious: Even if you do not have people depending on your income to live, if you are carrying debt like a loan or mortgage, life insurance can ensure your family does not get stuck with that debt in the event of your death.
Critical Illness Insurance
Whole life insurance is more important for some than others, critical illness insurance is a wise investment for all adults.
Statistics vary slightly, but most insurance companies report about 20% of men and women under 65 files a critical illness claim — that’s 1 in 5 adults! It’s easy to think it won’t happen to us, but statistically, the chances of experiencing a heart attack, cancer, stroke, or some other major illness are quite high.
With many of these illnesses, you could — hopefully, you will! — continue to live for many years. Critical illness insurance protects your quality of life during and after a life-altering illness.
Income Replacement Insurance
Statistic here is that 1 in 3 Canadians will be unable to work for a period of longer than 90 days at least once before the age of 65. Income replacement ensures you and your family continue to have income even when you can’t work.
The range of coverage under income replacement insurance is also wider than most people think. For example, a car accident is an obvious cause of disability, but many successful income replacement claims are for conditions related to stress and anxiety.
Running a business is complicated in today's competitive market. Having a proper benefits plan can help you attract and retain top talent. Plus, premiums paid by an employer are a tax-deductible benefit to the corporation. Let us help you build a plan to give your business a competitive edge.
Employee benefits offered:
dependent life insurance
disability (short and long term)
health and dental plans
registered pension plans