Services for Businesses
Business Insurance
If you own a business, you may have a variety of needs that can be satisfied with the right insurance products.
Life Insurance
Because you own a business, the majority of your wealth is likely tied up in it. The right life insurance can protect your business, partners, and family.
Disability Insurance
We offer several types of insurance for business owners to reimburse certain business expenses, help facilitate a buy-sell agreement or help hire a replacement for a disabled employee.
Health & Dental Insurance
Enhanced healthcare plans can help protect your employees against unexpected health and dental expenses.
Protect your employees with group benefits
- Benefits plans for small business
- Health-care and dental-care benefits
- Wellness and disability benefits
- Life and accidental death and dismemberment benefits
- International benefit plans
- Online Services
Business Insurance Needs
If you own a business, there are many reasons to buy insurance. We can work with you to identify possible insurance needs.
- Providing health and dental insurance to your employees can help you attract and retain skilled workers.
- Term life insurance or critical illness insurance can cover a business loan or mortgage if you die before it is repaid.
- If you’re thinking of passing on your business to a relative or business partner, you can use permanent life insurance, critical illness insurance or disability insurance to help fund a buyout.
- You can also purchase permanent life insurance, critical illness insurance or disability insurance for your key employees.
- One of your most valuable assets is your ability to earn an income. We can offer disability insurance specifically for business owners.
Tax & Estate Planning
Funding future capital gains tax on corporate shares at the death of the owner.
Buy-Sell Agreements
Funding buy-sell agreements between co-owners to ensure smooth business transitions.
Key Person Coverage
Key person coverage providing life and disability insurance for essential team members.
Business Overhead
Business overhead insurance during owner disability or critical illness recovery, plus long-term debt retirement coverage.
You may also want to consider buying business insurance to build a pool of tax-exempt capital to:
Finance a living buyout of shares by a co-owner
Provide a supplemental retirement income to the business owner
Business Life Insurance
Because you own a business, the majority of your wealth is likely tied up in it. Life insurance can address a range of needs tied to your business growth stage and personal goals.
Business Protection
Permanent policies help your business survive after an owner or partner death. Cash value accumulates and funds future needs or opportunities.
Tax-Advantaged Savings
Provides tax-advantaged savings during your lifetime and can supplement retirement income tax-effectively.
Estate Planning
Creates meaningful gifts for heirs or charities outside the estate. Proceeds pay final taxes and costs, preserving estate assets.
Flexible Coverage
Term insurance offers lower premiums with conversion flexibility, ideal for covering major commitments like mortgages or business loans.
Your needs might include:
- Covering a major commitment such as a mortgage or business loan
- Retaining key employees and attracting new employees
- Ensuring you have the funds to buy a partner’s interest at death or retirement
- Supplementing retirement income for you and your spouse tax effectively
- Ensuring your spouse’s lifestyle is protected
- Ensuring taxes owing on your estate are paid, leaving your assets intact for your heirs
Here’s how life insurance can help:
- You can use a permanent life insurance policy to help ensure your business survives your death or the death of a partner or key employee.
- Permanent life insurance puts your premiums to work for you by also providing a cash value that you can use to help meet future financial needs or opportunities over your lifetime.
- Some permanent life insurance policies have cash values that may accumulate over time. They can help finance a business opportunity, buy out a partner’s interest when they retire or give your business the ability to grow and change.
- A permanent life insurance policy is an ideal way to accumulate tax-advantaged savings while you’re alive and helps you leave a meaningful gift, outside of your estate, to your heirs or favorite charity.
- Proceeds from a permanent life insurance policy can provide your heirs or estate with the liquidity needed to pay final taxes, capital gains and settlement costs so that you can preserve as much of your estate as possible to pass on to your heirs.
- Term life insurance can save you money by providing more coverage for lower premiums and offering you the flexibility to convert to permanent life insurance.
Business Disability Insurance
As a business owner, you want to protect both your independence and profitability.
We offer several types of insurance for business owners. Each of these plans includes standard features and optional benefits. We also offer a variety of disability insurance products to help protect your business.
Business Critical Illness Insurance
We can help tailor critical illness insurance to your specific business needs.
Group Benefits Coverage
Whatever your group size or benefits goals, we have the knowledge and tools to help identify and meet your needs. Your premium may be tax-deductible as a business expense.
Group Retirement Plans
We offer clients the support of Canada’s largest network of group retirement specialists who deliver unparalleled service in group retirement and savings plans.
Health & Dental Benefits
Government healthcare coverage may not provide all your employees need. Enhanced plans protect against unexpected health and dental expenses.
Protect Your Employees
Investing in your employees’ well-being is investing in your business. We offer comprehensive group solutions to help you attract and retain top talent.
Business health and dental insurance
As Canadians, we’re fortunate to have one of the best healthcare systems in the world, but government healthcare coverage may not provide all you need.
You may be left to pay for expenses such as:
You can better attract and retain high quality employees, thereby minimizing costs associated with high turnover.
- Prescription drugs
- Dental visits
- Eye exams
- Paramedic services
- Ambulance transport
Enhanced healthcare plans can help protect your employees against these and other unexpected health and dental expenses.
Group Benefits Coverage
Your organization is unique, and we understand that. Perhaps your company has thousands of people, or perhaps you can count them all on one hand. Whatever your group size or benefits goals, we have the knowledge and tools to help identify and meet your needs.
Attract & Retain Talent
You can better attract and retain high quality employees, thereby minimizing costs associated with high turnover.
Lower Cost Insurance
You and your employees will have access to lower cost insurance, compared to most individual insurance plans.
Tax Deductible
Your premium may be tax-deductible as a business expense.
Improve Morale
You can help improve morale and increase productivity by providing financial security and support to your employees.
Business health and dental insurance
As Canadians, we’re fortunate to have one of the best healthcare systems in the world, but government healthcare coverage may not provide all you need.
You may be left to pay for expenses such as:
You can better attract and retain high quality employees, thereby minimizing costs associated with high turnover.
- Prescription drugs
- Dental visits
- Eye exams
- Paramedic services
- Ambulance transport
Enhanced healthcare plans can help protect your employees against these and other unexpected health and dental expenses.
Group Retirement Plans
We offer clients the support of Canada’s largest network of group retirement specialists who deliver unparalleled service in group retirement and savings plans.
Education & Advice
Leading education material and advice including a retirement guide to suit all styles of investors.
Investment Choices
Vast investment choices with tools that will help employers meet their responsibilities.
Market-Leading Service
Market-leading service anytime through your preferred channel with competitive prices in all markets.
Technology & Customization
State-of-the-art technology with customized features to meet your organization’s unique needs.
You’ve worked hard to build your business; we want to help you improve and protect it. Whether you’re starting a new venture or maintaining a successful one, we can help you address your needs.