The Insurance Process

There are many different kinds of insurance. The amount of options can be overwhelming and confusing if you’re unsure of what you’re looking for. Figuring out what kind and how much insurance you need can be a complicated task. The basics for figuring this out can be summarized in the following:

 

  1. What is the Economic Impact of the Loss?
  2. Who is affected by the Loss? (ie, You, Family, Friends, Business Partner(s))
  3. Lastly (but most importantly), Do you Care?

 

Our insurance professionals will take the time to go through this process with you to determine type, amount and term required to satisfy your personal insurance needs.


COMMON INSURANCE STRATEGIES:

ProcessBuilding Wealth

  • Insured inheritance
  • Planned giving using life insurance
  • Preserving your wealth
  • Insured annuity

 

Generating Income

  • Retirement income enhancer
  • Accessing your policy cash value

 

Protecting your Family

  • Family wealth transfer
  • Insurance for juveniles


SERVICES OFFERED:

  • strategic-marketing-planIndividual Insurance Planning – Health & Life
  • Individual Financial Planning – RRSPs, TFSAs, Non-Registered
  • Estate Planning
  • Tax Planning
  • Business Succession
  • Business Protection Planning
  • Group Benefit Planning
  • Land Development Investing


COMMON INSURANCE PITFALLS:

  • Getting the wrong type of insurance (the insurance doesn’t match the need)
  • Shopping based solely on price (there’s a reason some kinds of insurance are the cheapest!)
  • Buying a short-term product when you have long-term needs (the cost escalates very quickly as you age!)
  • Buying lender’s mortgage insurance (read the fine print, you’re really insuring the lender, not yourself!)

 

*A policy through Quantus Financial from a provider such as Manulife may be subject to underwriting guidelines

Insurance Affiliations: insurance-logos

 

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