We can help you put together a plan using term insurance or universal life insurance that will help ensure your business survives the death or disability of you or a key employee. Your Legacy Group advisor can also help you understand the need for self-funding for Living Benefits that can help offset losses associated with the disability of you or a key employee in the future.
You can minimize the disruption that the temporary or permanent loss of a key individual has on your company through key person insurance and/or buy sell agreements. Insurance solutions like these can be funded through a term or universal life (UL) insurance policy and should form part of your succession planning strategy.
We can help create financial security for you and your family. If you should die prematurely, it can be used to: Pay final expenses and any debts you may have. Provide an income for your family. Ensure your family has the resources to maintain a comfortable standard of living. Leave a legacy to your favourite charity While you are still living, some life insurance policies can: Build tax-advantaged cash values which you can draw upon as needed for personal or business opportunities Supplement your retirement income or help provide for long-term care or home care for a family member.
During your working years, your ability to earn an income is what enables you to enjoy the things in life that are important to you, such as purchasing a house, having a family or going back to school. Disability insurance can help protect you from financial loss by replacing a percentage of your income to help you meet your financial responsibilities if a disability prevents you from being able to work.
If you suffered a critical illness insured condition, such as heart attack, stroke or life-threatening cancer, critical illness insurance can complement the benefits available through a disability insurance plan. Benefit to help with unexpected expenses such as medical treatment or drug costs not covered by the health care system, time off work for you or a family member or other costs associated with recovery. The lump-sum benefit can be used when you need it most and may limit your need to tap into other savings.
Olympia Benefits: Give your company an advantage and use the Olympia HSA to pay your medical expenses in the most cost effective way possible. By writing off your medical expenses through your company, you create value by lowering the cost of your medical expenses and reducing your tax bill. Take advantage of a wide range of expenses without copayments, deductibles and exclusions.
Olympia also offers Medical Travel and Emergency Insurance. Protect you and your family from medical emergencies at home or abroad.
Group Benefits: Whether implementing a new benefit program or looking to refresh your existing program, we can find a cost-effective solution for you. Based on benchmark information from your group size, industry and location, we provide you with a customized benefit package at a competitive price.