Life Insurance provides security for dependent family members.
In Canada death benefits are exempt from income tax. This makes permanent life insurance one of the most effective ways to pay taxes upon death.
Also, insurance owned by a corporation may be a business expense. Helping you prevent double taxation in the case of the death of a shareholder.
Life insurance helps keep your wealth from being over taxed.
1 out 3 people will have a disability that prevents them from working for 3 months or more during their working career.
If disabled, self-employed workers may have no income replacement unless they are paying into WSIB or CPP on a regular basis.
Will your household and future retirement be be protected if you become disabled? Gary will help you create a " cost effective" plan to safeguard your lifestyle in the event of the unexpected.
Will your household be able to manage financially during a medical emergency?
Short term Hospitalization benefits are the best way to ensure you don't have to return to work before you are ready.
This could mean the difference between a full recovery and a re-curring illness or injury. Ask Gary if you qualify for Hospitalization and out-patient recovery insurance.