Key Person Insurance

What happens to a business when a key person — owner, a top salesperson, manager, partner or product developer suddenly dies? The business could be in serious jeopardy, unless it implements a sound financial plan. Key person person insurance is an integral part of planning for every business. If planned appropriately, it can protect the business against financial hardship if a key employee dies. Often the survival of a business after such a loss is dependent upon this insurance. Fortunately, the process of implementing key person insurance is relatively easy.

Visitors to Canada

Foreign workers or visitors staying for an extended period of time require OHIP replacement coverage. The cost of medical care in Ontario is almost the same as in the United States. The cost of these plans are not expensive and easy to put in force.

Expatriate Coverage

Executives or employees working outside of Canada may not be covered by their group plan if staying for an extended period of time.

Executive Long Term disability Insurance

Key executives can opt out of their employer’s disability plan and get private, superior coverage at the same price.

Employer sponsored Long-term Disability coverage
Employers can offer individual Long-term Disability coverage to key employees within a grouped arrangement.

Employer sponsored Long-term Critical Illness coverage
Employers can offer individual critical illness coverage to key employees within a grouped arrangement.

Group Registered Retirement Savings Plans
Employees can contribute through payroll deductions and the employer has the opportunity to contribute as well.