Why take out insurance?

In addition to offering many tax and estate planning advantages, insurance can also provide needed help when the unexpected strikes. It provides you with cash when you need it most. For example:

• replace a potential loss of income in the event of disability
• cover certain operating expenses in the event of disability (rent, heating, electricity, taxes, etc.)
• avoid having to dip into your savings in the event of critical illness (cancer, heart attack, stroke, etc.)
• find a replacement if your heirs or a key person dies
• buy back a partner's shares in the event of death, disability or critical illness
• cover capital gains taxes on your death
• ensure your estate is divided equally among your children, through a bequest to those who will not be taking over the business

Meet with a financial security advisor1

1. Life and health insurance agent in Ontario. Financial security advisors are employees of Desjardins Financial Security, Financial Services Firm.