Individual Insurance Services
Insurance planning is designed to protect individuals, business owners and their families in case of death, disability or illness. Our insurance planning includes a complete insurance needs analysis.
Life Insurance
Selecting a life insurance policy that fits your needs can be an intimidating task. We educate our clients regarding each product and complete a full needs analysis to establish the appropriate amount and type of insurance based on their personal situation.
Disability Insurance
Disability insurance helps maintain your standard of living when a disabling illness or injury strikes. A disability insurance policy provides monthly replacement income as long as you cannot perform the material duties of your occupation. You can select the proportion of coverage, usually between 50-70% of your income, and the benefits are tax-free. The premium and terms of the policy are typically guaranteed and cannot be changed without the consent of the policy owner.
The premiums you pay are dependent upon factors such as:
- age
- occupation
- smoking status
- amount of income to be insured
- waiting period
- benefit period
- any additional options selected
Critical Illness Insurance
Critical Illness policies are similar to a disability policy. These contracts are payable in a non-taxable lump sum, upon suffering a critical illness and are intended to provide funds for increased expenses associated with major illnesses.
Some examples of Critical Illnesses are:
- Heart Attack
- Cancer
- Stroke
- Alzheimer’s Disease
- Aortic Surgery
- Blindness
- Coma
- Coronary Artery Bypass
- Deafness
- Heart Valve Replacement
- Kidney Failure
- Loss of Independent Existence
- Loss of Limbs
- Loss of Speech
- Major Organ Transplant
- Motor Neuron Disease
- Multiple Sclerosis
- HIV
- Paralysis
- Parkinson’s Disease
- Severe Burns
Retirement and Estate Planning
As we strive to rise above the competition, each Winch Group client gains access to an individually tailored financial plan.
The financial plan will assist in the following areas:
- Retirement goals and objectives
- Life insurance needs analysis
- Planning for emergencies
- Budgeting systems
- Tax planning ideas
- Estate planning issues
- Saving for your children’s education
- Debt management strategies
This financial plan will be updated on a regular basis.
Estate Planning is planning for the acquisition, preservation, and ultimate disposition of one's assets at death.
Objectives for Estate Planning are to:
- Ensure that assets are transferred directly to your intended beneficiaries
- Reduce estate administration costs, such as attorneys' fees and executors' fees
- Reduce or eliminate probate fees
- Protect your assets from the claims of creditors
Individual Health and Dental Plans
Individuals can now have access to the same comprehensive health and dental plans that were previously limited to employees of corporations.
These plans offer enhanced health care protection for:
- Prescriptions
- Vision care
- Travel insurance
- Medical supplies
- Routine dental services (e.g. cleanings, fillings, extractions, etc.)
- Major dental services (e.g. crowns, bridges, dentures, etc.)
As an added bonus, if you are self-employed, the premiums may be tax-deductible to your business.