Insurance
Should
be there
when you need it!
Under the wings of MSA!
Insurance is an important investment. It should be there when you need it!
Insurance is protection, a safeguard against risk or harm. Insurance needs are directly related to your personal and fiscal responsibilities. As your responsibilities change and grow, so do the amount and the type of insurance coverage you should have.
Life Insurance - Term Life
Insurance is an important investment.It should be there when you need it.
Term Life insurance will provide individuals with affordable and flexible protection that can easily be customized to fit client needs.
Term options include: T10, T20, T-30, T35, T40, T65 and T75.
Renewal rates are contractually guaranteed;
Conversion to permanent coverage without additional underwriting is also possible.
Ideal for individuals and families looking for:
• Mortgage and debt protection.
• Income replacement.
• Coverage for final expenses.
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Life Insurance - Term Life
Insurance is an important investment.It should be there when you need it.
Ideal for business owners looking for:
• Funding of Buy-Sell agreements.
• Key person insurance.
• Collateral insurance.
Joint first to die, joint last to die and multi life policies are also available.
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Life Insurance - Permanent Life Insurance
Insurance is an important investment.It should be there when you need it.
Permanent Insurance offers a stable lifelong solution to individuals who have long term insurance and financial needs.
Most often used for personal or corporate estate planning.
A variety of products are available.
Ideal for individuals or business owners who want:
• Guaranteed premiums for life
• Pre-paid options including but not limited to 10,15 or 20 pay products
Guaranteed cash values
Guaranteed reduced paid-up options.
Joint first to die, joint last to die and multi life policies are also available.
Life Insurance - Participating Whole Life
Insurance is an important investment.It should be there when you need it.
Participating Whole Life offers lifelong coverage that is designed to help clients increase their cash values over time and maximize their wealth on a tax-deferred basis.
This type of product is designed with guaranteed features such as:
• Guaranteed cost of insurance.
• Guaranteed cash value and paid-up insurance.
• Guaranteed quick limited pay option of 10, 15 or 20 years.
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Life Insurance - Participating Whole Life
Insurance is an important investment.It should be there when you need it.
In addition, the policy will be credited with dividends giving policyholders the ability to participate in the insurance company profits.
Those dividends could be used in number of ways:
• Buy additional coverage.
• Receive a cash payment.
• Reduce your annual payment.
• Leave them on deposit to earn interest.
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Life Insurance - Participating Whole Life
Insurance is an important investment.It should be there when you need it.
Designed for individuals, families and business owners looking for:
• Retirement and estate planning.
• Wealth accumulation/tax deferrals.
• Wealth transfer and gifting to the next generation.
• Education Funding.
• Future guaranteed insurability for children.
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Life Insurance - Universal Life
Insurance is an important investment.It should be there when you need it.
This product combines permanent life insurance and tax-advantage investment opportunities to provide clients with custom-designed solutions that are ideal for tax and estate planning.
Plan’s features:
1 - Different options of cost of insurance:
• Yearly Renewable Term.
• Level Cost of Insurance.
• Guaranteed 10, 15 and 20 years.
2 - Yearly Administration fees.
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Life Insurance - Universal Life
Insurance is an important investment.It should be there when you need it.
3 - Provincial Taxes on deposits.
4 - Minimum guaranteed rate of return on guaranteed deposits.
5 - Wide range of investment options.
6 - Optional Death Benefit:
• Level Death Benefit to lower the cost of insurance.
• Increasing Death Benefit for investments growth.
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Life Insurance - Universal Life
Insurance is an important investment.It should be there when you need it.
This plan is ideal for:
• Retirement and estate planning or education funding.
• Wealth creation.
• Income replacement.
• Key person insurance.
• Tax deferral and capital gains tax liability.
• Partner/shareholders buyouts.
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Life Insurance - Non-Medical (Simplified) Life Insurance
Insurance is an important investment.It should be there when you need it.
Non-medical insurance requires no medical examinations or special tests. This type of insurance is intended for individuals who are difficult to insure due to poor health or for life style issues. You may also qualify if you have been refused with another insurance company. Qualification is based on a few simple questions. Your premium will never increase and your coverage will never be decreased.
Living Benefits - Disability Insurance
Insurance is an important investment.It should be there when you need it.
Protection for ones most valuable asset....income. What would happen if your income would suddenly stop due to an injury or illness? The solution is disability insurance! Disability insurance would provide individuals with a monthly stream of income for as long as they are unable to work. A variety of products exists with many different benefit periods, elimination days, partial coverage and even a return of premium for individuals who do not make a claim. Let us help you choose the coverage which best meets your needs.
Living Benefits - Critical Illness
Insurance is an important investment.It should be there when you need it.
Critical Illness insurance provides individuals with a tax free lump sum benefit of up to $2,000,000 upon the diagnosis and survival of a covered condition. Covered conditions include Cancer, Heart attack, Stroke, Alzheimer’s and up to 20 more illnesses depending the policy. There are over 70,000 heart attacks in Canada every year; 50,000 Canadians suffer from strokes annually and an estimated 3075 cancers are diagnosed every week in Canada. Individuals can use the critical illness benefit in any way they want; to pay off their mortgage, reduce debt, hire in home nursing or domestic care, or even seek treatment in or outside Canada. Critical Illness insurance provides financial aid at a time individuals need it the most so they can focus on one thing... getting better.
Living Benefits - Long Term Care
Insurance is an important investment.It should be there when you need it.
Long term care insurance provides individuals with a tax free monthly benefit in the event that they would require assistance with 2 of the 6 activities of daily living (bathing, dressing, eating, maintaining continence, toileting and transferring) or if they are diagnosed with a cognitive impairment. These funds can be used to cover the cost of care at home or the cost of a stay in a long term care facility. Provincial health care plans cover a portion of these cost for individuals who use public facilities but offer NO coverage for private facilities. Homecare expenses such as private nursing, cooking, cleaning, shopping, etc... can only be covered by a private long term care insurance policy. With long term care insurance individuals can decide where they will receive care and whom will administer the care without depleting their savings and forcing their loved ones into debt.
Living Benefits - Personal Accident Disability Insurance
Insurance is an important investment.It should be there when you need it.
Personal accident disability insurance provides a monthly benefit in the event of injury, with optional protection against illness. It is primarily designed for individuals who cannot qualify for traditional disability insurance because of health issues or because occupation. Unlike traditional disability insurance no medical questions or proof of income is required. Coverage may be available even if you are not working, retired, or doing seasonal work.
Living Benefits - Critical Illness Simplified Issue
Insurance is an important investment.It should be there when you need it.
Simplified issue critical insurance requires no medical exams or doctor reports. A simple signed short health declaration is sufficient to qualify. This type of critical illness insurance will pay a tax free benefit upon diagnosis and survival of 5 covered conditions which include, life threatening cancer, aortic surgery, heart attack, coronary bypass surgery, and stroke. Refund of all premiums paid for clients who never make a claim is also available. It’s quick and easy.
Specialty Products - Mortgage/Creditor Insurance
Insurance is an important investment.It should be there when you need it.
Mortgage/creditor insurance will pay the remaining balance of your loan if you die or will pay your monthly payment if you become disabled or suffer a critical illness. The types of loans that are covered include mortgage loans, home equity loans, car loans, credit cards, and business loans. This policy will cover you for all your debts with all financial institutions under one contract. You decide who your beneficiaries will be and you choose the level and quality of coverage. No need to re-qualify when you re-new your mortgage or change financial institutions. Let us help you decide which coverage is best for you.
Specialty Products - Individual Health and Dental Plans
Insurance is an important investment.It should be there when you need it.
In Quebec you must be covered for health care expenses either through a group/association plan or the government sponsored plan.(RAMQ). If you are one of many who is covered exclusively through the government plan your coverage may be limited. Individual health and dental plans are designed to supplement coverage offered through your government plan. Supplemental plans can offer a variety of coverage including but not limited to dental services, private hospital rooms, glasses, nursing care, and most para-medical services.
Specialty Products - Travel Insurance
Insurance is an important investment.It should be there when you need it.
Never leave home without it! The consequences can be financially devastating! A prolonged hospital stay in the United States can easily cost you hundreds of thousands of dollars. With the proper emergency travel insurance you can have peace of mind. Whether you are planning a trip, expecting visitors, or are studying abroad, let us help you select the coverage that. Best suits your needs.
Specialty Products - 3 IN 1
Insurance is an important investment.It should be there when you need it.
This is a unique product which covers you for life insurance, disability insurance and critical illness insurance all under one policy. It is an affordable alternative to having three separate policies for each coverage. You will pay only one policy fee and will need to complete one application. This product is also an excellent alternative to your bank’s mortgage protection. It offers competitive rates, guaranteed premiums, and more flexibility. You will own your policy and have total control. Not the banks!
Specialty Products - Children Plans
Insurance is an important investment.It should be there when you need it.
It’s never too early to protect the ones we love most. Children adapted insurance products are extremely affordable. Protect your children’s insurability by purchasing life insurance when they are young and healthy. The insurance policy can grow over time and provide the insured with substantial cash values. Pre payment options are also available. Children Critical Illness solutions also exists with children relevant coverage that can be converted to a full adult plan when the time comes. Full return of premiums if there is no claim.
Investments - Segregated Funds
Insurance is an important investment.It should be there when you need it.
Investing with Insurance companies offer certain advantages:
CREDITOR PROTECTION: Potential to protect an investor’s assets from creditors.
This feature is ideal for professionals and small business owners looking to help protect their personal assets from professional liability.
ABITILITY TO BYPASS PROBATE: At death, the proceeds of the contract privately pass directly to designated beneficiaries, without the time delay and expense of probate.
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Investments - Segregated Funds
Insurance is an important investment.It should be there when you need it.
SEGREGATED FUNDS
It is an annuity offered by an insurance company which guarantees a specific percentage of the original investment upon maturity.
It is similar to a mutual fund, and is offered by an insurance company.
The term segregated is used because the funds are kept separate from the issuing company’s other investment funds.
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Investments - Segregated Funds
Insurance is an important investment.It should be there when you need it.
GIC
Definition of a GIC: A deposit investment security sold by Canadian banks, trust companies and Insurance companies.
They are often bought for retirement plans because they provide a low-risk fixed rate of return.
The principal is at risk only if the financial institution default.
The return of a GIC is considered as income and taxed at the highest tax bracket of the investors.
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Investments - Tax-Free Savings Account (TFSA)
Insurance is an important investment.It should be there when you need it.
A Tax-Free Savings Account (TFSA) is a flexible, registered general-purpose savings vehicle that allows you to contribute up to $5,000 annually to earn tax-free investment income. Unused TFSA contribution room is carried forward and accumulates in future years. Withdraws from a TFSA are tax-free.
Investments - Banking Products
Insurance is an important investment.It should be there when you need it.
Guaranteed Investment Certificates (GICs):
GIC and short-term deposit rates are consistently among the highest available -- typically significantly higher than the retail rates posted by Canada’s ‘big five’ banks.
Bank Account:
A high-interest, full-access, low fee chequing account that can be used by clients as their primary bank account or as a secondary investment account.
This account combines the liquidity of a traditional chequing account with the interest of a short-term GIC or money market fund.
Mortagage, Line of Credit and Bank Account:
A combination of a client’s traditional mortgage, personal loans and lines of credit with their chequing account, short-term savings and day-to-day finances (including their income) into a single personal borrowing and chequing account.
This one step alone can save your clients thousands and simplify their finances like no other product they've had before.
Leverage Loans:
Investment leverage is a powerful tool that can accelerate the growth of your client’s non-registered savings and help them achieve their financial goals sooner. As with any financial strategy, the key to success is finding the product that best meets your client’s needs.
Our industry-leading line-up of investment loan products is designed to meet the needs of all of your leverage clients – from those trying leverage for the first time to more seasoned investors.
Investments - Registered Plans (RRSP, RESP)
Insurance is an important investment.It should be there when you need it.
RRSP’s have two main tax advantages:
1. Contributors deduct contributions against their income at the same level of taxation of their income for the current year.
2. The growth of the RRSP investments is tax sheltered. Unlike non-RRSP investments return are exempt from any capital-gains tax, dividend tax or income tax.
In effect, RRSP contributors delay the payment of taxes until retirement, when their marginal tax rate should be lower than during their working years.
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Investments - Registered Plans (RRSP, RESP)
Insurance is an important investment.It should be there when you need it.
– RESP AND SCOLARSHIP PROGRAM
Definition: A savings plan sponsored by the Canadian government that encourages investing in a child’s future post-secondary education.
Subscribers to an RESP make contributions that build up tax-free earnings – tax-free because subscribers cannot deduct payments made to the plan from their income.
The government contributes a certain amount to plans for children under 18 under the Canadian Education Savings Grant (CESG).
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Investments - Registered Plans (RRSP, RESP)
Insurance is an important investment.It should be there when you need it.
– RESP AND SCOLARSHIP PROGRAM (suite)
The payments are made pay a contributor (parent, or grandparent) on behalf of a beneficiary (child, or grandchild).
Once the child is in an approved post- secondary institution, he or she can receive educational assistance payments (EAPs).
These EAPs count as income for the child. If the child doesn’t receive payments, because the beneficiary didn’t attend a post-secondary institution, the contributor can receive the amount contributed to the RESP back tax-free.
Under certain conditions the contributor can also receive back the returns from the contributions.
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Investments - Annuities
Insurance is an important investment.It should be there when you need it.
Annuities are insurance products that pay you a guaranteed regular income for a fixed term or the rest of your life.
Payout annuity income payments consist of a blend of interest and principal based on:
• Your age and gender (and in certain cases your spouse’s age)
• Current interest rates
• Length of time the payments are guaranteed
• Amount of money used to purchase the annuity
• Type of annuity
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Investments - Annuities
Insurance is an important investment.It should be there when you need it.
We offer a range of annuity types.
Single Life Annuities
If you’re concerned about outliving your assets and income, life annuities pay a guaranteed income for as long as you live or the guarantee period, whichever is longer.
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Investments - Annuities
Insurance is an important investment.It should be there when you need it.
Joint and Last Survivor Annuities
Provide a guaranteed income for the lifetime of 2 people.
Help eliminate the worry that your survivor will have to deal with reduced income and changes in lifestyle.
Can be reduced on first death or continued with no reduction.
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Investments - Annuities
Insurance is an important investment.It should be there when you need it.
Term-Certain Annuities
Term-certain annuities pay a guaranteed income for a specific period of time.
They are useful to provide an income to supplement or bridge to retirement or during a long period of travel, school or unexpected unemployment.
Lives a lump-sum payment equal to the value of the remaining benefit.
If your spouse is your beneficiary, he or she may choose to continue receiving payments until the guaranteed period ends.
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Life Insurance
Living Benefits
Specialty Products
NEWS
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NEWS
Events & Blogs
Best Managing General Agency for 2007 Empire Life
Masters 2007 RRSP Challenge award from Empire Life
1st In Life & Living Benefits Sales Credits Eastern Canada 2007 Manulife Financial
AIG Life of Canada 2006-2007 Sales Leadership Award Life Production
Transamerica Award Of Excellence 2005 Outstanding Increase In Life Production
RBC Insurance President's Award 2003 Top Producer Group Eastern Canada
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