Life and Health

A well-thought out plan is essential today to safeguard you and your family’s health and income. We’re living longer, are more active, and have greater expectations for a quality life-style now and later. Planning your financial future today will make all the pieces fall into place so you and your loved ones can enjoy your later years. All people should review their financial horizons. Self-employed business people and professionals, in particular, are especially vulnerable to health and financial set-backs, so need to be diligent in setting a plan in place. You don’t need to do this alone!
 
Pottruff & Smith can work with you to ensure that you have a profile of insurance products this is appropriate to your means and needs. Call us today for a no-obligation consultation and assessment of your current scenario. We can help keep it simple and affordable.

We specialize in creating top quality programs with leading Insurers covering:

Critical Illness
Long Term Care
Business Overhead Expense
Life Insurance
Disability Insurance

Critical illness insurance pays out a lump sum of tax-free money as soon as a person is diagnosed and survives a covered illness for 30 days. Critical illness insurance provides you with options that would otherwise not be available to you. It will enable you to hire a nurse, modify your home, purchase specialized equipment, pay outstanding loans or mortgages, and seek timely or non-insured treatment outside Canada. Critical illness insurance also protects your assets by making sure that you have enough money to live during and after a critical illness.

Long term care insurance is a recent innovation - the result of enormous costs associated with health care for our aging population. LTC covers the care expenses for you should you suffer a debilitating illness or injury that prevents you from performing “activities of daily living”.

If you own your own business and are under 65 years of age, business overhead expense insurance (BOE) is an ideal product for you and your business. This coverage assumes business overhead expenses up to the benefit level and length of time you select. This leaves your personal disability policy to pay for other obligations.

Life insurance offers several options to better manage the financial future of your beneficiaries, whether they are loved ones, business associates, or your own business. Generally life insurance falls into two categories – “Term” and “Permanent”. “Permanent” policies are available as “Whole Life” and “Universal Life”.

Disability insurance is “income replacement” insurance. You purchase this coverage to be able to meet expenses should you become disabled. Think it can’t happen to you? Here’s a fact – almost half of all mortgage foreclosures are due to disability.

The amount of disability you require depends on your lifestyle, family responsibilities, employment flexibility, debts, financial resources, and future plans. Speak with one of our specialists who can advise on disability insurance, either as a stand-alone coverage or as part of an overall financial plan.

Please contact us at 416.798.8001 or 1.888.768.8001 or through the options listed below: