Insurance strategies offer a powerful way to build, protect and share wealth.
Your team of insurance specialists, at MD and your provincial medical association, work together to help you attain greater financial security through objective advice and effective insurance solutions.
The wealth management benefits of permanent life insurance:
- Pay less tax on investment income.
- Extract surplus money from your professional corporation, tax free.
- Provide money to your estate to pay estate taxes, fees and final costs.
- Give a generous lump sum to a favourite charity.
- Transfer assets tax efficiently to a child or grandchild, either now or after you pass away.
- Provide tax-efficient access to liquidity for unexpected financial needs or to supplement retirement income.
Protect your income and lifestyle with life and health insurance:
- Pay off your mortgage or other debt in the event of an untimely death.
- Replace your income if you become disabled or critically ill and unable to work.
- Fund home renovations or other expenses to accommodate a disability or critical illness.
- Provide financial support for your family if your income is no longer available–to pay for child care, education and other, longer-term needs.
- Cover the cost of long-term care, so you don't outlive your savings.
