Developed to Protect what matters most
Life Insurance Protector™
Did you know that the cash component of your life insurance is an asset of the company? That asset, along with all the other assets of your company, are subject to claims of the company’s unsecured creditors, the exposure. If the policy is attached by an unsecured creditor, resulting in it being surrendered, it would be lost forever and impossible to replace. You would have lost all premiums paid, the cash surrender value and the future death benefit.
The Life Insurance Protector™ is a bespoke risk management tool. Think of it as insurance for your life insurance. It protects your company owned life insurance from company risks. It creates certainty; certainty that your life insurance remains in place for you and your family.
Principal Residence Protector™
Did you know that, in Alberta, the hard equity in your house is only $40,000. If you had a financial catastrophe, say from a large unexpected lawsuit, and had to claim bankruptcy, you would only be allowed to keep $40,000 of your home’s value. The home would be sold and the balance of the value would go to the creditors.
The Principal Residence Protector™ is a bespoke risk management tool. Think of it as additional insurance for your home. It protects your home from your financial risks. It creates certainty; certainty that your home remains in place for you and your family.
Granted the risk of attack and financial loss is relatively small, but it could still happen. We cannot predict what the future holds for us. So, to protect us from the unknown we all practice some degree of risk management. Contact us to discuss how we can enhance your risk management strategies with one, or both, of the products above.