Life Insurance & Investments
Create financial security for you and your loved ones with the right life and health insurance coverage. Your life and your ability to earn income are among the most important things you can insure. Speak with Heather Cornelis at heather@hmsinsurance.com or (519) 293-3295 extension 5 for further life insurance details.
Protect what matters most
Nobody likes to think about the “what ifs” and life insurance probably isn't the most exciting item on your to-do list. But protecting the people who matter most to you is pretty important. Life insurance can provide a tax-free benefit to your beneficiaries when you die, helping them manage expenses and maintain their financial security when they need it most.
Life insurance can help cover mortgages, debts, final expenses, childcare, education costs and everyday living expenses. It can also be an important tool for business owners, helping protect a business, fund a buy-sell agreement or provide financial stability when a key person is no longer around. In short, it's about making sure your family or business isn't left trying to figure everything out financially during an already difficult time.
At HMS Insurance, we don't believe life insurance should be a one-size-fits-all conversation. We'll take the time to understand your goals, your financial commitments and what you're looking to protect, then help you compare options from the insurance market. Whether you're starting a family, buying a home, building a business or simply getting your financial house in order, we'll help you find coverage that makes sense.
Life insurance isn't really about you, it's about the people and things you leave behind.
Why life insurance?
Put a little protection in place today, so tomorrow's “what if?” comes with a much better answer.
Family financial security
Most people buy life insurance to keep their loved ones financially secure and able to cover expenses like mortgage payments if the unimaginable happens.
Lave a legacy
Some people will use their life insurance to contribute to social good and create a legacy by leaving a charitable gift to their most treasured causes.
Rainy day backup
Some life insurance policies include a tax-free savings component that you can use in a pinch, if you really need it. We can help you sort out the details.
Boost your retirement
If you never need to use your insurance for a rainy day, you may be able to use it later in life. Use the investment to help with living your best life.
Investments and financial services
Insurance protects against the unexpected, financial services help you plan for what comes next. Below are some of the investments we can offer at the brokerage:
RRSPs
A great way to save for retirement while potentially receiving tax benefits today. The goal? Put a little away now so future-you can enjoy the results later.
GICs
Looking for a more predictable approach? Guaranteed Investment Certificates can provide a fixed return over a set period, making them a popular option for money you want to invest with a little more certainty.
TFSAs
Flexible, tax-free savings that can be used for just about any goal. Whether you're building an emergency fund, saving for a big purchase or investing for the future, a TFSA can be a valuable part of your financial toolkit.
RRIFs
When retirement arrives, it's time to turn some of those hard-earned savings into income. RRIFs provide a way to draw retirement income from registered savings while continuing to manage your investments.
Frequently asked questions about life & investments
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There isn't one magic number. The right amount depends on your income, debts, mortgage, family situation, future expenses and financial goals. A broker can help you look at the bigger picture and determine an appropriate amount of coverage.
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Term insurance provides coverage for a specific period, such as 10, 20 or 30 years, and is generally designed for temporary needs. Permanent insurance can provide lifetime coverage and may also build cash value, depending on the type of policy.
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Potentially, yes. Having a health condition doesn't automatically mean you can't get life insurance. Different insurers have different underwriting guidelines, which is one of the advantages of working with a broker who can explore multiple options.
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Yes. It's possible to have multiple policies for different financial needs. For example, you might have term insurance to protect your mortgage and family income while also holding a permanent policy for long-term estate or legacy planning.
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Major life events are often a good time to review your coverage. Buying a home, getting married, having children, starting a business or taking on significant debt. Even if nothing has changed, it's a good idea to review your coverage periodically to make sure it still fits your situation.
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You don't necessarily need a large amount of money to get started. Depending on the investment and account, you may be able to begin with a relatively small initial investment or regular monthly contributions.
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There isn't one investment that is right for everyone. Your goals, investment timeline, financial situation and comfort with market fluctuations all play a role. A financial professional can help you understand your options and how they fit into your overall plan.
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