Your wealth advisors and insurance specialists
Preserve What's Important
Insurance is a key part of the financial planning process and can be significant to the success of your financial plan. Ivan will help you to understand the different types of insurance, what coverage you may require, and how having insurance can provide you peace of mind during difficult times.
Isla Vancouver Wealth Management offers a wide variety of protection products and are not restricted to use only the resources from any one product provider. The affiliation with a variety of insurance companies ensures you will receive the best insurance products to suit your needs regardless of the company it is placed with.
Isla Vancouver Wealth Management is deeply familiar with the various insurance products available. Your advisor will work with you to evaluate your individual circumstances to ensure you have adequate coverage for your lifestyle. Becoming familiar with the following products may help you to understand what is most suitable for you and your family.
To find out what type of insurance is suitable for your needs, be sure to contact your advisor. If you don’t have an advisor with Isla Vancouver Wealth Management, please call our office at (250)585-0377 or contact us
Life insurance can be a crucial part of a financial plan that provides protection and security for your loved ones. In the tragic case of your death, life insurance proceeds may be able to help your family and dependents in more ways than you would think:
Death in the family can lead to heart-breaking emotions and additional stresses. Life insurance can help your family cover the costs of your death expenses, for example, it could cover the cost of a funeral or probate fees, thus alleviating some financial stress.
Life insurance proceeds can provide security in your family’s lifestyle if they were to lose your income. It can ensure your family is taken care of pursuant to your priorities, be that by ensuring your partner lives a fulfilling retirement or paying for your children’s education and childcare.
Payments on your debts are still required after your death. Life insurance proceeds can continue to make payments on loans and mortgages protecting your family from falling into deeper debt themselves.
In case of your death, your assets may not transfer across generations of your family as smoothly as you would assume. Life insurance proceeds can provide your family available funds to pay the taxes on transfers of properties allowing your prized possessions to stay within your family.
Life insurance can be critical for business continuity in the event of a business owner’s death. If a key member of a business passes away suddenly or becomes disabled, the entirety of the organization can suffer in both the short and long term. Life insurance proceeds payable from a business or key person insurance policy can help fund recruiting and hiring of a replacement, paying off debt, and reassuring customers and employees the business will stay open.
A buy-sell agreement is a legally binding agreement between co-owners of a business that governs the situation if a co-owner dies, and often requires disposable income. Insurance can help make these transactions run smoothly. Life insurance can fund predetermined the buy-sell agreements between owners; using the proceeds of the insurance to “buy out” the ownership of the deceased owner.
Click Here to read the Worldsource Financial Management Investor Privacy Policy.
Mutual Funds and some Segregated Funds provided by the Fund Companies are offered through Worldsource Financial Management Inc.
All other products are provided by Irvine Financial (2021) Inc. DBA Isla Vancouver Wealth Management.
© Copyright Isla Vancouver Wealth Management (2022) Inc. All rights reserved.
Site designed and hosted by Bravenet Marketing.