How Insurance Advisors Help Families and Business Owners

Families and business owners need to rely on insurance advisors for a number of reasons. Valuable advice on insurance could help in saving several extra dollars, which could again help with family or business planning. Additionally, it is necessary for providing financial security in case of an untimely death or other unforeseen problems. Here are some of the ways in which you, as an insurance advisor, could help families and business owners:

• You could help your clients in finding the right policy where they can get tax-free growth in the plan. For instance, there is a chance of them enjoying an extensive tax advantage by investing their reserve income in permanent life insurance. As an advisor, you could help them understand all the possible growth sectors in the available policies.
  
  
• You could help them in finding the right policy that includes the provision of protection for their estate. This would include prevention from shrinkage in the case of inflation and/or taxation.
  
  
• You could help them look at all the opportunities for planned giving, so they can make an informed decision. As an insurance advisor, you would be able to help your charitable clients in giving substantially greater gifts for charity.
  
  
• Insurance advisors help business owners in finding a policy that includes the provision of capital that is tax free. This capital can then be used by your clients to fund liabilities or even pay for the replacement costs in case they lose key employees. It can also be used in ongoing expenses for carrying out their operations.
  
  
• You could guide them in finding a policy that includes the provision of necessary funding, so they can make important business transactions. This makes the service of an insurance advisor especially important for small and start-up businesses as well.

Different insurance policies offer different benefits, options, and features. As a qualified and knowledgeable insurance advisor, you could point families and business owners toward the right direction. Your valuable advice and opinion could ensure them financial stability in the future.

Care about your employees?

Is it no secret that employees who feel valued and protected by their employees perform better – and a better set of workers means increased productivity and success for everyone. That’s why as am employer, you should show your employees you value them by taking care of them.

A group insurance gives your employees protection and peace of mind they deserve. There is a wide range of insurance options to choose from, from health, dental, life, accident, disability, medical, and critical illness, you can offer your employees any range of packages that match your budget and employee needs.

Furthermore, if your employees have health and dental insurance, they are able to quickly address any health and dental problems they have without worrying about financial responsibility – thus not affecting the work place. There are many options, from individual packages to family packages to the options for your employees to buy additional packages at a reduced rate. Show your employees how you much you value them, after all, don’t they show you?

Retired and Traveling?

Travel medical insurance is absolutely necessary when you are traveling regardless of how old you are, but as a senior, it is even more necessary. The truth is, with age comes health problems. When you’re travelling, you want to have a good time, but should also be cognizant that you may need health care treatment during your stay – especially if your stay is longer, or if you are going to a country that is very humid and has a low air quality. 

Travel medical insurance can cover a lot of your medical needs, emergency needs and visits to a doctor if you need, taking out a policy will not only allow you to really relax during your vacation, but will give your family the peace of mind that you will be safe and taken care of even while on vacation. In Canada, we sometimes don’t realize how lucky we are to have our healthcare paid for, it is not until we visit other places, especially without medical insurance do we realize how important have protection is. For your sake, and your family’s safe, enjoy your golden years traveling and having fun while also being safe! 

We can help find a plan that works for your travel needs and medical needs, call us at (416) 909-0400.

Do You Need Travel Insurance Within Canada?

When people think of getting travel insurance, they often think of traveling outside of Canada, but did you know not all provinces would cover some of your emergencies? 

You should find out through the provincial healthcare for the province what is covered and what isn’t. For example, air ambulance wouldn’t be covered in Vancouver. Some provinces you have to pay ahead of time and get reimbursement after – so it is best to check what and what isn’t covered if you have health needs you are concerned of. 

We can help find a plan that works for your travel needs, call us at (416) 909-0400.

Are you financially secure?

Financial security is dependent on a variety of things – debt, assets, savings,  cash flow, safety nets, employment and education. An important part of financial security is being able to have the means to pay for unexpected costs, and having planned for these unexpected costs.

Accident and critical illnesses usually come at unexpected times, and they cost much heartache, and take can also toll on finances – in fact, 40% of Canadians who suffer from a major health crisis also suffer financially. Being financially secure means also having a safety net when unexpected costs and tragedy strikes. When diagnosed with a major health crisis, having health insurance and critical illness insurance is this safety net that will help cover your costs while you focus on recovery.

While we can never know what will come our way, having an extended health insurance and critical illness insurance can go along way in maintaining financial security and helping protect ourselves during tough times. To learn more, speak with one of our insurance agents about insurance options for you, call us at (416) 909-0400.

“Canadians spending more out-of-pocket on health care”

CBC recently reported that Canadians are spending more out-of-pocket for health care including dental care and prescriptions. In many cases, Canadians have to spend additional on health care because they are not covered by insurance. Furthermore, the report found that low-income families are spending less than they should in instances, because they probably are choosing cheaper alternatives or forgoing treatment because of the cost.

In instances like this, it becomes pivotal to have dental and health insurance. You should never have to compromise your health and skimp on prescriptions because of a lack of money – and this is why having dental and health insurance helps, since insurance can cover these costs. You cannot always know when you will need dental and health services, however, you can always plan for the event of when you may.

Getting dental and health insurance to match your current health and needs is something we have helped many people with, and we are able to help find the best plan for your needs also. To speak with one of our insurance agents about insurance options for you, call us at (416) 909-0400.