SOLE PRACTITIONERS
AND SMALL FIRMS

Who needs life insurance?

People With Responsibility for Others

If someone such as your spouse, children, grandchildren or a parent depends on you for support, life insurance can play a fundamental role in their continued financial well-being if something were to happen to you. In addition for making up the loss of your income, the proceeds from a life insurance policy can be used to take care of any other financial matters that may arise, such as funeral expenses, mortgage or loan repayments, your children’s education, or medical expenses, to name just a few.

If you’re a stay-at-home parent, your role in the home also needs to be financially protected. There is a cost associated with caring for your children.

How would the loss of your income affect the people who depend on you?

Click here to view our most popular product for this situation.

 

People Without Family Ties

Even if you are single, or you and your partner both work but don’t have a family, life insurance can still play an important role in your financial plan.

A life insurance policy can provide an efficient and cost-effective way to take care of any expenses or unpaid bills you might leave behind. Insurance can also be used to leave a gift to a loved one or a favourite charity.

Do you really want to saddle someone else with your debt?

Click here to view our most popular product for this situation.

 

People With Estates to Protect

Many people believe that, as they get older and become more financially independent, their need for life insurance decreases. However, over a lifetime, estate values tend to rise. Life insurance can help pay the inevitable taxes that are due upon your death. This will assure that as much of your estate as possible is passed on to your beneficiaries.

Life Insurance enables you to pay your estate liability for pennies on the dollar.

Click here to view our most popular product for this situation.

 

Business Owners

If you’re a partner in practice or you have a professional corporation you may have personal liability for the debts of your business. It’s important that you have adequate life insurance to cover these debts. Otherwise the claims of your creditors could significantly reduce your personal estate and leave your beneficiaries without the financial security that you had intended.

Lawyers can be held personally financially responsible for malpractice suits against them.

Click here to view our most popular product for this situation.