Insurance Solutions

Our Insurance Solutions are designed to protect what matters most—your income, your assets, your family, and your business. At Investco Financial, we believe insurance is more than a policy; it’s a strategy to safeguard your wealth, preserve your legacy, and give you the confidence to embrace life’s opportunities.

We take a personalized approach, helping you identify potential risks, assess your needs, and design tailored solutions that evolve as your life and circumstances change.

Pourquoi l'assurance est-elle importante ?

Il couvre vos engagements financiers.
Cela permet à votre famille de maintenir son niveau de vie.
Il couvre les frais liés au décès.
Cela permet de laisser un héritage.
Il assure la continuité des activités.
Elle complète les assurances proposées par votre employeur.

SAVIEZ-VOUS?

Vous n’êtes jamais trop jeune pour souscrire une assurance vie, puisque plus vous êtes jeune, plus le coût de votre prime est bas, quel que soit le type de couverture que vous choisissez.

Vous pouvez toujours réévaluer le type d’assurance qui vous convient pour vous assurer que vous êtes correctement couvert.

Advanced Insurance Planning

Planning Services Group

Investco Financial has an Advanced Insurance Planning Services Group that offers in-depth knowledge and experience, the ultimate support, and customized insurance solutions. Our team approach to each case is part of a long-term consultative relationship with you and your other professional advisors, such as lawyers and accountants, to create strategies that fit your life, your business, and your long-term goals. With our guidance, you can feel confident that every detail is covered.

Post Mortem Planning

When a business owner passes away, careful planning is needed to avoid unnecessary taxes on the value of their shares. Without the right strategies, the same assets can be taxed more than once, reducing the wealth passed on to loved ones.

Life insurance can play a key role in this process. Proceeds from a corporate-owned policy can be added to the company’s capital dividend account, allowing tax-free payments to shareholders and helping reduce or eliminate the tax burden on the estate.

Post-mortem planning ensures your business legacy is protected, and your family receives the full benefit of your hard work.

Leveraging

Life insurance policies are purchased for many reasons including:

to pay tax and other liabilities on death,
funding shareholder and partnership buy-sell obligations,
provide funds needed for estate equalization, bequests and charitable gifts.

In addition to the benefits that life insurance provides on death, the cash surrender value of an insurance policy represents an asset that can be provided as security for borrowing purposes while the insured is alive. If the borrowed funds are used for the purpose of earning income from business or property, the interest paid should be deductible for tax purposes.

Charitable Giving

Life insurance can be a powerful way to support the causes that matter most to you. By donating a policy or naming a registered charity as a beneficiary, you can create a lasting legacy while also receiving valuable tax benefits.

There are two common ways to give through life insurance:

Donate the policy itself and continue paying the premiums.
Gift the death benefit by naming a charity as the beneficiary.

Both methods allow you to make a meaningful impact and maximize the value of your giving.

Shareholders Agreements

A shareholder agreement is an important part of protecting your business and your family. It outlines what happens if a shareholder passes away, becomes disabled, or wants to leave the business. Having this agreement in place helps avoid conflict and ensures a smooth transition for everyone involved.

Insurance is often used within these agreements to provide the funds needed to buy out a shareholder’s shares. This protects the business, the remaining shareholders, and the shareholder’s family.

Key areas usually covered include:

What happens to shares if a shareholder passes away.
How shares are valued for a fair buyout.
Ownership of the insurance policies used to fund the buyout.
What happens if a shareholder becomes disabled.

By planning ahead with a shareholder agreement, you can help make sure your business continues successfully and your loved ones are taken care of.

Policy Transfers

A change in life's circumstances may result in the need to reevaluate the ownership of a life insurance policy. For instance, the operating business owns insurance on the life of the shareholders and the business is going to be sold; a policy may have been purchased personally but to meet estate planning and succession objectives the policy should be transferred to a corporation; or a policy is no longer required and is going to be donated to a charity. Changing ownership of a life insurance policy will result in a disposition of the policy. Certain rules apply in determining the proceeds of disposition depending on the relationship between the parties involved in the transfer. The rules relating to the transfer of policies are reviewed in the next sections.

Insurance Products

Personal Insurance Products

Life Insurance - Offers coverage with benefits like death benefit, cash value, and tax advantages, providing protection for assets.

Critical Illness Insurance - Provides a lump-sum benefit upon diagnosis of a serious illness, helping cover medical expenses and lost income.

Disability Insurance - Ensures a steady income if you're unable to work due to injury or illness, offering financial stability.

Health & Dental Insurance - Covers medical and dental expenses, protecting against unexpected costs and ensuring quality healthcare.

Mortgage Insurance - Covers your mortgage in case of death, disability, or critical illness, protecting your home investment.

Travel Insurance - Covers medical emergencies, trip cancellations, and lost luggage for Super Visa applicants and travelers.

Business Insurance Products

Business Overhead Expense - Business Overhead Expense coverage is designed to protect your business in the event of unforeseen circumstances. We offer solutions to cover operating expenses, such as rent and salaries, ensuring your business remains financially stable during periods of disruption.

Key Person Insurance - Key Person Insurance safeguards your business against the financial impact of losing a vital team member. We provide policies that offer financial support to cover losses, secure loans, and ensure business continuity, allowing you to navigate challenging times with confidence.

Employee Benefits - Employee Benefits plans are essential for attracting and retaining top talent. We design and manage comprehensive benefits packages, including health insurance, retirement plans, and other employee perks, helping your business remain competitive and your employees well-protected.

Insights & Advice

Aucun post publié dans cette langue actuellement

Dès que de nouveaux posts seront publiés, vous les verrez ici.