Life insurance

Tomorrow’s legacy, today.

managing your wealth

the wellbeing of your family
now and in the future

Much like the proverbial marathon’ first step, the first step of intergenerational wealth creation is prudent, disciplined habit. See how permanent insurance is a wealth building tool.

  • Maintain your family’s lifestyle
  • Provide income continuation
  • Pay off existing debts
  • Pay final expenses
  • Leave a legacy for your family or desired charity
  • Tax efficient estate planning
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Who is Life Insurance for?

Life insurance is important, whether you are single or in a relationship. In the event of your death, your loved ones will have to pay your funeral expenses and pay off any financial liabilities you have, such as your debts. If you have insurance coverage, your debts will not be a burden for your family members.

Your insurance needs will be influenced by the following:

Your family situation, your age, your health status and whether you are an owner or self-employed. Life insurance is also an effective financial tool for protecting your business. It lets you ensure you and your loved ones’ financial security should something bad happen. If you start your own business with a partner who passes away prematurely, will you have the funds needed to buy out his/her shares and continue moving forward with your dream? An unfortunate event like this could have a major impact on your company. So you need to start thinking about it now. If you don’t have coverage, getting a policy will let you cover your needs as a self-employed person and will avoid future concerns for your family.

Quick tips
Build value you can depend on in up and down markets.

If you are looking to grow your wealth, Participating Life Insurance is a great option because it is a stable, low-risk asset for your portfolio. Your policy’s cash value is guaranteed to grow. This cash value isn’t affected by future market changes.

What difference does it make who manages your insurance risk?

lhambra Financial Insurance & Investment Inc. is contracted with most insurers across Ontario. Each insurer offers unique and specially bundled benefits which can be tailored best to individual and estate needs. We at Alhambra keenly listen and pair your needs with advantageous benefits unique to each insurer, maximizing value for your premium dollars.

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Life Insurance Products

Once you understand the importance of taking out a life insurance policy, you need to make the right choice. To do this, you need to ask yourself about your needs and purchase a product that works for your family and insurance premiums that fit your budget.

Term Life Insurance

Why choose Term Life Insurance?

Term Life Insurance is a customizable life insurance solution which can be tailored to meet your unique needs and maximize protection for your family or business.

Who could benefit form Term Life Insurance?

  • Business owners who are concerned with the succession of their company or are looking to protect the value of a key employee.

  • Individuals who are looking to provide future financial security for their family or beneficiaries.

  • Income replacement or mortgage and debt protection needs.

  • Those who want to take care of non-permanent insurance needs while staying within a comfortable budget.

  • Those who want the comfort of knowing their insurance policy gives them the option to provide lifetime protection if your needs change.

Quick tips

During your most vulnerable years, if premature death were to occur causing great impact to your financial responsibilities, the most efficient means to secure the largest qualified face amount is with Term Life Insurance.

Permanent Life Insurance

Why choose permanent insurance?

You’ll not only benefit from fixed premiums but also a surrender value in the event your future plans exceed your past needs.

  • Secure your loved ones’ future
  • Plan for your retirement
  • Leave money to your heirs
  • Take the time needed to find a buyer after the death of a business partner
Quick tips

Impending permanent costs like estate taxes and funeral expenses can only properly be accounted for using Permanent Insurance.

* Source: Statistics Canada, 2012

Participating Whole life insurance

A subset of Permanent Life Insurance

Participating life insurance is designed to meet the needs of those who are looking for long-term total cash value and death benefit growth. It may be ideal for those looking for estate protection or ways to enhance their cash flow during their retirement years.

Participating life insurance involves risk sharing between policy owners and the life insurance company. Because they share in the risk, participating policy owners share in the benefits when performance is better than originally expected. This sharing is provided in the form of dividends, which are calculated based on actual experience versus assumptions on a number of key risks. These risks can include investment returns, mortality, expenses, taxes, inflation and lapses.

Universal life insurance

The benefits of using Universal Life Insurance:

  • It is a highly flexible type of insurance that provides financial security to your loved ones and that adapts to your personal or professional situation.

  • It is a financial tool that brings together, in a single contract, two elements essential to sound financial planning: life insurance protection and a savings account whose returns accumulate sheltered from the tax.

  • It can help you meet your personal and business goals, as well as your estate planning needs. Universal life insurance can help offset the tax liabilities of a growing estate. It can provide opportunities for tax-preferred savings growth, and help ensure an efficient transfer of wealth to future generations.

  • Thanks to its great flexibility of premium payment, you can, if you wish, pay an excess premium and accumulate savings to carry out your projects.

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