Insurance & Estate Planning

Insurance

Insurance is a vital part to any financial plan. It helps you achieve your goals by protecting or replacing what you have when unforeseen circumstances arise.  The solutions we offer are listed below.

Life insurance – pays out a lump-sum tax-free benefit to the named beneficiary(s) when the insured passes away.

  • Term insurance
  • Whole life / participating life insurance
  • Universal life insurance

Disability insurance – generally pays a monthly benefit for as long as the insured is not able to perform the duties of their job, due to an accident or sickness, or until the benefit period expires.

Critical illness insurance – pays out a lump-sum tax-free benefit once the insured has been diagnosed with a major illness such as heart attack, cancer, or stroke, and survives the waiting period.

Mortgage insurance – designed to cover your mortgage balance upon your death, leaving one less thing for your survivors to worry about.

There are countless features and options associated with each type of insurance which can be overwhelming to the average consumer. Financial Heights Inc. can design the right financial plan for you based on your individual situation to meet your specific needs.

Estate Planning

Estate planning helps you decide how and to whom you would like to distribute your assets after you have passed away.  Everyone should consider an estate plan, regardless of the size you think your estate will be, to help maintain control of your assets and distribute your estate according to your wishes.

A proper estate plan should at least take the following points into consideration:

  • Who do you want to pass your assets to (investments, house, cottage, etc.)?
  • Will it be fair to your surviving beneficiaries?
  • Have taxes and fees been taken into consideration and can they be reduced?
  • Have you created (or updated) a will with a legal advisor?

At Financial Heights Inc., we can assist you in creating a customized estate plan. With the help of your lawyer and/or accountant or with the assistance of a team of experts available to us through Freedom 55 Financial, we will help you create a an estate plan that will help ensure your wishes are carried out once you have passed away.

If you have any questions or would like to set up a meeting please *contact us.