Insurance
Group Insurance
Group insurance coverage is given to a group of determined people and their dependents, under a “master” contract. This protection covers all persons belonging to a group. This group can be composed of all employees of the same company or companies linked. It can also be composed of persons or members of an association affiliated to a same union. The contract “master” provides for a detailed protection usually includes the following assurances:
- Employee’s life insurance
- Life insurance for dependants
- Accidental death and dismemberment
- Medical insurance
- Complimentary health insurance
- Long-term disability insurance for employees
Overhead Costs Insurance
If the survival of your business depends on your ability to earn income to pay the bills and you suffer a disability of short or long term, your absence could result in serious financial repercussions. That’s why we offer insurance business overhead costs. It is designed to help owners or associates that earn revenue (such as doctors, lawyers, accountants and engineers) to pay the fixed costs common – such as salaries, rent, taxes land and public utility services – if one of them becomes disabled and can no longer work.
Critical Illness Insurance with bonus sharing
Insurance policies are serious diseases (listed after “AMG”) which are jointly owned by the shareholder / employee of the company and key. AMG gives a right to a benefit when a diagnosis covered by the insurance occurs (eg cancer).
In an AMG in joint ownership, a portion of the premium is paid by the company and the other portion of the premium is paid by the shareholder / key employee. Thus, in the classical case, the person assured (the shareholder / key employee) is the designated recipient of the premium refund (after following “RDP”) if no benefits were paid, and the company is the beneficial designated for the provision of AMG. Delivery and received by the Company may in particular be used to finance the redemption of the shareholder or ill repay a loan made to the company. By cons, if after a certain period, no claims occurred, the insured receives the amount of RDP. In such cases, the shareholder / key employee who pays the portion of the premium for the RDP and it is society that pays the portion relating to the provision AMG. Tax purposes, the tax authorities are generally of the opinion that the benefits received for the AMG or the RDP are not taxable. (Nothing specifies the Tax Act that addresses this type of product). This may therefore represent a significant amount to a shareholder who receives an RDP or if no claims have been, made (as opposed to the reception of a taxable dividend). By cons, premiums paid (by the insured or the Company) are not deductible.
Keyperson Protection
Losing a key employee can lead to many problems that could put the company in peril. We often use insurance to protect the company against the consequences entailed by this type of risk. We put at your disposal a complete set of tools to help you evaluate the need and present the solution.
Shareholder Protection
A business plan must include a shareholder agreement or contract with a company buy-sell agreement. The shareholders must take out a life insurance used to finance the repurchase of shares of a shareholder who dies. Life insurance provides for payment of capital necessary to purchase, tax free, and so to avoid debt, and debt liquidation of company assets to repurchase shares of the deceased shareholder.
Commercial Loans Protection
Insurance for Commercial Loan can help you protect your ability to meet your financial obligations if you die or become disabled. You can buy insurance for commercial loan directly from your participating lender at the time you submit your loan application business. We offer complete protection in case of death and disability. The details and benefits of coverage vary by lender and product. Benefits are paid directly to your lender.
Life – If you die, insurance can settle the balance of your loan, subject to a maximum predetermined.
Disability – If you become disabled, the insurance can pay your minimum monthly payment, subject to a maximum monthly payment predetermined.
Collective Pension Plan
The simplified pension plan (SIPP) combines some features of a traditional pension plan and a Registered Retirement Savings Plans (RRSPs). The retirement income is both periodic contributions of the employer and the employee. All amounts paid to the regime are immediately acquired by the employee. With the simplified pension plan, the employer shall ensure that the amounts paid to the regime will only be used to provide retirement income to the employee. The administration is entrusted to the financial institution and minimizes management must ensure that the employer.