Insurance Analysis
A loss of income due to a premature death, disability or critical illness will usually require a significant amount of capital in order to replace it.
A thorough analysis is essential to ensure you aren't overpaying for coverage and that you have the specific type of insurance that fits your needs.
Insurance is a strategic tool used when personal resources are insufficient to mitigate financial risk. Through a comprehensive analysis, you can determine your 'risk retention'—what you can cover yourself—and your 'risk transfer'—what should be covered by a policy.
By completing a full analysis, you gain the peace of mind that comes from knowing your biggest risks are accounted for.
While life insurance is a standard safeguard, 'living benefits'—such as disability and critical illness coverage—are often overlooked despite being statistically more likely to occur during your working years.
Statistically, over 1 in 3 adults will face a disability, and nearly half of all Canadians will receive a cancer diagnosis. These events frequently lead to severe financial distress and insolvency. Additionally, as 40% of seniors will eventually require nursing care, a thorough risk assessment is vital to protect your long-term wealth.
