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Insurance is a form of risk management primarily used to hedge against the risk of a contingent, uncertain loss. It is the equitable transfer of the risk of a loss, from one entity to another, in exchange for payment.

We work with you to help make your Risk Management and Insurance programs more efficient and cost effective. With a well constructed Risk Management Plan, a loss should only be a distraction, not a disaster with a long road to recovery. Our research shows that most people donít use insurance effectively, and they typically buy too much, because they donít know how to retain risk wisely. We can help you improve that.

We provide consultancy for various types of insurances viz. Life , Disability , Critical illness , Long term care, Health & dental coverage, Visitor's & travel insurance , Final Expense insurance (non-medical) and many more.

Role of insurance in Estate planning

Estate Planning
To define Estate Planning, it may be put as: "The use and distribution of one's estate during their lifetime and after death, is consistent with their goals and their desires".

The most common goals in Estate Planning are:

  • To maximize after-tax income both during life and after death.
  • To achieve the greatest possible build-up of assets.
  • To direct how these assets will be distributed to the intended beneficiary(s) in the most effective way possible.
  • To minimize income tax paid both during life and after death

Misconceptions of Estate Planning
Many people have a few misconceptions when it comes to estate planning. These include:

People think that Estate Planning is the same as tax planning.
Tax planning is part of estate planning. Your financial status may be in great shape in regard to your current taxes paid, but this can differ drastically upon your estate if you have not structured your estate properly for distribution.

Estate Planning is only important after death.
This would be called "Estate Settlement". After a person dies, it's too late to do estate planning.

Estate planning is only important for large estates.
Everyone has an estate regardless of the size which will need proper planning. Most people think that the money they have in the bank is the extent of their estate...just start taking stock of what you have...home, household effects, pensions, RRSPs, life insurance plans, collectibles. You will be pleasantly surprised when you start adding everything up, what the value of your estate turns out to be! Proper planning must still be implemented to ensure its proper distribution.