Unbiased. Compassionate. Informative.
That’s what BG Insurance is all about.
A Toronto-based, senior level insurance broker, Brett Gorenstein offers:
LIFE INSURANCE
Life insurance is a contract in which an insurer, in exchange for a premium, guarantees payment to an insured’s beneficiaries when the insured dies. The main purpose of life insurance is to provide a financial benefit to dependents upon premature death of an insured person. The policy pays a specific amount called a “death benefit” to the named beneficiary, when the insured dies.
DISABILITY INSURANCE
Disability insurance is a type of insurance that will provide income in the event a worker is unable to perform their work due to disability. Disability insurance replaces a percentage of the income you lose due to your inability to earn a paycheck. You can meet your financial obligations — pay bills, cover household expenses and provide for your family while you’re unable to work.
TAX PLANNING & CORPORATE ESTATE TRANSFERS
The Corporate Estate Transfer is an arrangement in which the company purchases a tax exempt life insurance policy on the life of the shareholder using corporate funds that are not needed for immediate business purposes. In doing so, the transferred surplus grows tax-deferred while the death benefit of the life insurance policy increases the value to the estate when the shareholder dies. This strategy provides tax sheltered growth as well as maximizing the estate value of your company upon your death.
GROUP BENEFITS
Group insurance provides coverage for the physical, mental and financial health of insured members and their families. Benefits like medical and dental coverage attract quality employees and are an incentive for workers to join the company. A group health plan is shared by everyone in the group–the employer and employees. Both share the cost of premiums for health insurance or the whole cost is covered by the employer.
CRITICAL ILLNESS INSURANCE
Critical illness insurance provides additional coverage for medical emergencies like heart attack, stroke, or cancer. Because these emergencies or illnesses often incur greater than average medical costs, these policies pay out cash to help cover those overruns where traditional health insurance may fall short. These policies come at a relatively low cost. However, the instances that they will cover are generally limited to a few illnesses or emergencies.