Corporate Life Insurance
Life insurance can help protect you and your key employees in the event of an unexpected death but can also be a versatile solution to help you achieve your business goals. Whether you are looking to provide coverage for yourself or a key employee, to fund a buy-sell agreement or need business collateral, life insurance can help.
Permanent insurance offers several advantages such as the flexibility to grow with the company or the cash value growing tax-advantaged within government limits. Life insurance provides flexibility during life and may have a significant positive impact on an estate or for surviving shareholders.
Critical Illness Insurance
For the business owner: A serious illness could affect your ability to manage your business. Critical illness insurance will provide a lump sum, tax-free payment that can help cover business operating expenses and everyday bills, instead of having to withdraw from your savings and jeopardizing retirement. It also allows you to focus on recovering rather than stressing over covering business costs.
Coverage for key employees: Your business will receive a lump sum, tax-free payment if a key employee is unable to come to work due to a critical illness, such as cancer, stroke or heart attack. This can be used to hire a temporary replacement while your employee recovers.
Corporate Disability Insurance
For the business owner: Your business has financial obligations it must meet whether you as the owner are healthy or not. Disability insurance provides replacement income when a business owner is unable to work due to illness or injury. It can help pay for expenses such as rent, utilities and salaries so that the business can continue to operate even in your absence.
Coverage for key employees: A good disability policy will attract and retain your key employees that are critical to your organization’s overall success. Don’t lose the involvement and expertise of a key employee whose contributions would be heavily missed if they went elsewhere.