Life Insurance
This is not something that we generally think about or voluntarily purchase. Canadian insurers have hundreds of product options which can make finding the right solution confusing to say the least. We assist you in finding the right type of insurance.
Universal Life Insurance
Designed to meet both your life insurance and investing needs, Universal Life insurance combines long-term insurance protection and tax-advantaged investing in one single, customizable policy. Whether your goal is to protect the legacy you’re building for your loved ones, or to build additional wealth over time, Universal Life insurance can help you:
- Leave proceeds to your beneficiary – tax free.
- Further your estate planning.
- Build tax-deferred equity and accessible cash value over time (may be subject to taxation).
- Establish financial collateral for a bank loan.
- Provide key person insurance coverage for your business (business continuity).
From how you want to invest, to how you pay for your insurance, to how much or little you want to invest, there are a variety of simple Universal Life coverage options that can be customized to meet your financial planning needs.
Whole Life Insurance
Whole life insurance offers guaranteed, reliable coverage to last your entire lifetime. Ideal for personal and business needs, it provides permanent protection you can count on and guaranteed cash values that grow over time.
Term Life Insurance
Whether you are looking to protect your family or your business, term life insurance offers affordable and flexible protection you can customize to meet your temporary and growing needs.
Registered Retirement Savings Plan (RRSP)
An RRSP is a retirement savings plan that you establish, that is registered with the Canada Revenue Agency, and to which you or your spouse or common-law partner contribute. Deductible RRSP contributions can be used to reduce your tax.
Any income you earn in the RRSP is usually exempt from tax as long as the funds remain in the plan; you generally have to pay tax when you receive payments from the plan.
Registered Education Savings Plans (RESPs)
A Registered Education Savings Plan (RESP) is an investment vehicle primarily used by parents to save for their children’s post-secondary education.
The primary benefits of using an RESP to save for your children’s education include access to the Canadian Education Savings Grant (CESG) and the ability to shelter the RESP’s growth from taxes until funds are withdrawn.
Critical Illness Insurance
Critical Illness insurance helps cover the unexpected costs and potential loss of income associated with a serious illness. From the additional costs associated with medicine and treatment, to travel, home care and specific accommodations if needed,
Disability Insurance
Disability insurance helps protect your income and business if you become disabled and can’t work. With different products available for full-time, part-time or home-based workers, Disability insurance is the perfect solution for professionals, business owners, business executives and other employed Canadians.
For Business Owners
We provide our clients with a strong participant wellness experience, and manage a compliant retirement plan. Our team is with you every step of the way.
Dawn Financial 