Assessing Your Needs

I am a registered life and disability insurance professional able to assist you with all your individual and business insurance needs.

Your Most Valuable Asset

The most valuable asset you have currently is your ability to earn an income. This is at the heart of your ability to succeed with a financial plan and to becoming financially independent. There are two uncontrollable events that could affect your family's financial success. Death or Disability can result in an abrupt end to your family's income. Insurance plays an effective role in replacing an income stream when death or disability strikes.

Disability Insurance

The risk associated with becoming disabled are substantially higher than those associated with death, auto accident or house fire, yet many people fail to effectively manage the risk associated with disability. When disability strikes, income declines and expenditures can increase. Medical expenses and supplies can be substantial. Your problem is how to meet these costs. Your options include accessing your savings, borrowing to cover the costs, having your spouse take a second job, or liquidate your assets (RRSP's Home etc). Each of these options has a number of drawbacks and therefore the most logical way to manage the risk is with adequate diability insurance.

Life Insurance

The main reason for owning life insurance is to provide income replacement to your beneficiaries when you die. Adequate life insurance can create financial peace of mind. It can ensure your loved ones are able to pay off outstanding debts like mortgages, car loans, and lines of credit. It can also ensure children are able to pursue an education.

If you wish, life insurance can also play an important role in estate planning, cash accumulation, charitable giving, wealth transfer, and estate tax liquidity.

Business Owner

Two uncontrollable events that can have a dramatic effect on the financial success of any business are the death or disability of a business owner, partner or key person. Inadequate insurance can be devastating to the business and to all those involved with it. Insurance can play a critical role in ensuring the long-term financial success of small to medium sized businesses. A regular review of your business and the possible needs for insurance are critical to ensuring it is adequately protected.