Insurance is an essential part of any comprehensive wealth management plan. Whether it is to ensure that your family has sufficient funds to pay for their expenses in the event of your death or a serious health event, for estate and tax planning, or gifting, there is no better alternative to protect wealth than insurance.
The best methods to structure the use of insurance products, however, are not simple, well-known, nor well-understood.
Union Insurance™ has a team of insurance advisors, lawyers, and actuaries to advise our clients with regard to planning and structuring life and critical accident insurance as part of the overall management strategy to maximize and protect our client’s wealth.
LIFE INSURANCE
Life insurance is essential to a comprehensive wealth plan. While most people think life insurance only provides benefits to select beneficiaries upon death, there are numerous creative ways that insurance can be used by a person during their lifetime.
We have a passion to bring these ideas and structures to our clients. We have a specialized team, both internal and external, that includes insurance advisors, tax and commercial lawyers, and actuaries.
CRITICAL ACCIDENT INSURANCE
Not all life insurance provides a benefit only on death.
In the event you suffer from a critical illness as covered under a Critical Accident Insurance policy, you will receive a lump sum payment that you can used for any purpose including paying for specialized medical treatment not available in Alberta, home care, renovations to accommodate any resulting disability, or lost income support.
