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Life Insurance | Disability Insurance | Mortgage Insurance | Critical Illness Life insurance can provide financial stability to your family and/or your company in the event of your death. Proceeds from the life insurance can be used for final expenses, such as funeral arrangements and capital gains taxes. Life insurance benefits can also allow your loved ones time to adjust to a new lifestyle without your income. A GMS Insurance representative will conduct a needs analysis with you to determine how best to structure your insurance portfolio. Due to medical advances illness and injuries that would have meant certain death in the past, mean survival today. However you may be left with a disability that impedes your ability to earn an income equivalent to your pre-disability income. Many people faced with a disability are also faced with higher medical bills. A disability insurance policy can provide you with a monthly income to help with those financial obligations without having to dip into your savings. Insuring your mortgage with your lender is not a sound financial decision. There are numerous pitfalls with mortgage insurance purchased through your lender which could you leave you unprotected when you need protection the most. A GMS Insurance consultant will guide you through this minefield and ensure that you have insurance that will pay out when it is needed at a cost that makes more sense. Critical illness insurance provides a tax-free lump sum payment on the diagnosis of a covered condition. Even if you are able to return to work and regular life activities the next day, you will receive a lump sum benefit. This money can be used however you wish. Many people use it to pay for additional medical expenses or to seek medical treatment outside of the country. Those who are unable to work due to their condition may choose to use the funds for income while they wait for their disability plan to begin payments. Critical illness insurance works well for business owners who do not qualify for the government Employment Insurance plan. Personal Health, Dental & Travel Personal Health & Dental Plans Travel When an employee who is integral to the success of the company becomes disabled or passes away, business may falter. Key person insurance provides funds to help offset any financial losses until the company can return to normal operations. Key person insurance is used to fund corporate buy-sell arrangements to ensure that the business can continue as a going concern. Investing for your retirement should be a life-long process. How much you invest, where you invest, and what asset mix you choose depends on your unique situation and retirement dreams. The answers to these questions will change over time and therefore so should your investment strategy. Planning for your future can be a daunting task but when you seek the advice of a licensed GMS advisor, you will have someone who can answer your questions and help map out your financial future. |
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