Life Insurance

Using our knowledge and expertise, we connect clients with insurance policies that best suit their needs.

Life Insurance

With hundreds of providers offering a wide array of policies, choosing the appropriate insurance can be a confusing and time consuming process.

Let us do the work for you. We aim to ensure this is a stress-free process, utilizing our knowledge and expertise to recommend policies that enable you to make an informed decision.

As an independent insurance broker, we place emphasis on our clients needs to ensure that they are connected with solutions that make sense:

  • Aligning with clients financial needs
  • Considering current and future needs and goals
  • Developing both short and long term strategies

 

 

 

 

 

 

 

 

 

 

No one likes to think about needing life insurance, but including insurance in your financial plan now can benefit you and your family in the future. We use our knowledge and expertise to assist in identifying the amount and type of life insurance that is appropriate for you, while ensuring it is adequate to cover your short and long-term financial obligations. There are different types of life insurance to consider depending upon your situation:

Whole life is a policy that normally includes level premiums and provides life insurance for the whole life. Cash and other non-forfeiture values are typically provided after two years.

Term insurance is a policy with level premiums for the term of the policy usually 10 or 20 years that is payable on the death of the life insured provided the life insured dies within the specified period. It is often convertible and renewable.

Universal Life is a policy that combines the best of both worlds. It offers coverage for life but you can also add other layers of coverage at 10 or 20 year terms. For example; you could have a portion of your policy in place indefinitely in addition to coverage in 10 or 20 year terms, all on the same policy. Universal life also offers an investment account within predetermined limits, you can deposit money and allow it to grow tax sheltered.

Individual Life Insurance

There are many types of individual insurance that can help ensure financial safety and security as well as peace of mind. At MMI, we analyze your specific circumstances to develop the most appropriate strategies for you and your family. Some of our most popular services include:

Proper Estate Planning: We can assist you in developing an effective estate plan that ensures you pass on your wealth to the causes you hold dear, your family members, and generations to come. This may include tax savings stratagies, capital gains protection strategies, will planning and probate information. Your hard earned dollars can be sheltered through the use of universal life insurance, charitable giving and other tax saving measures.

Mortgage Protection: We want to ensure that you and your family can be protected from the hardship of losing a loved one. Through smart and affordable planning, we can assist you to find the products that best suit your needs, with options ranging from mortgage protection to final expenses coverage.

Disability / Critical Illness Coverage: Protect your income from the unknown. Disability or critical illness coverage, for example, provide peace of mind at a time when concentrating on getting well is your first priority.

With a variety of options for individual insurance, we offer whole family protection from children to parents. We shop the market so you don’t have to – finding a plan suitable to your needs and providing continuous monitoring to keep track of changing circumstances. Our Individual insurance products include:

  • Term Insurance
  • Term to 100-Level Cost Coverage for Life
  • Whole Life Products
  • Universal Life Products
  • Critical Illness Insurance
  • Disability Insurance
  • Retirement Protector Coverage

Corporate Life Insurance

At MMI we provide a range of corporate insurance services to help protect you, your business and your employees against risk. Providing risk management solutions for small, mid-size and large businesses, we strive to provide valuable and unbiased information and are dedicated to helping you make the right insurance decisions. We are here to assist you:

Develop strategies that minimize corporate risk through the use of insurance, critical illness, disability and other products as a first line of protection. We will undertake a detailed analysis to determine the coverage that you require for shareholder funding, the loss of a key person or other eventualities.

Create up-to-date tax strategies, including income splitting and capital gains protection, providing solutions that can significantly reduce your overall corporate tax burden.

Establish corporate exit strategies and succession planning to allow for a smooth transition on the sale or family progression of your business.

Liaise with your accountant and lawyer to ensure your financial team is working in your best interest from a tax planning perspective.

Ensure strategic use of insurance products, helping to build and preserve wealth within your business. We will identify and create a successful financial strategy and continue to monitor the progress and implement change where needed.

Our corporate products include:

  • Term Insurance
  • Term to 100-Level Cost Coverage for Life
  • Whole Life Products
  • Universal Life Products
  • Key Person Coverage
  • Business Loan Coverage
  • Creditor Insurance
  • Disability Insurance
  • Disability Buy-Sell
  • Business Overhead Expense Coverage
  • Critical Illness Coverage
  • Retirement Protector Coverage

In addition to the products and services above, we will also re-evaluate your needs to ensure your corporate insurance needs align with changes in your business. We’ll review your current coverage on an ongoing basis and provide cost saving alternatives and product updates.