Do you need an estate plan?

Many people think estate plans are only for the wealthy. This isn't the case. Every parent, grandparent, spouse, business owner and professional person should have an estate plan.

An estate plan, tells others how to handle your affairs and finances after you die, helps ensure your estate is divided according to your wishes, can help to minimize taxes, so more of your estate is left to your heirs.

What is the best life insurance for you?

It depends on your short and longer-term needs and preferences for flexibility and risk. There are three kinds of Life Insurance,

Term insurance – no cash vales, available in 10, 20 yr terms, and

Permanent insurance – whole life insurance, which has, cash values and fixed premiums.

Universal life – cash values with flexible premiums.

Do you have a mortgage or line of credit?

Whether it's personal or corporate, you will want it disposed of at the death of a spouse or business partner/shareholder.

•  If you move your loan from one financial institution to another, is it guaranteed to move with you?

•  Can your protection be cancelled by your financial institution?

•  Does your protection decrease or does it remain level?

•  Are you paying more for decreasing insurance than you would for level?

•  Most of all, are you adequately covered?

 

Why should I protect my income?

Your ability to earn an income is one of your most valuable assets. The chances of becoming disabled for 90 days or longer, at least once prior to the age of 65, are 1 in 3*. You should consider Disability Insurance to help protect yourself.

Are you a partner or shareholder ?

•  what is the definition of disability in your group plan AND is it adequate?

•  do you have a disability buy out? is it funded with an adquate disability plan?

•  how will the bank view your business when you or a key partner is no longer part of your company?

What is Critical Illness Insurance?

On a personal basis Critical Illness Insurance provides additional financial resources to help pay for additional personal, family, or medical expenses that often accompany a critical illness or condition.

Critical Illness Insurance can provide you with a one-time lump sum benefit to help cover additional expenses for certain defined conditions.

On a business level it can be used to pay down debt.