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To provide consultancy for preparing of all sorts of corporate law and any other services as the company may think fit and proper. Insurance policies provide protection to your life and based on the differences in policies it also gives you the opportunity to save money as well.
Term Life Universal Life Whole Life Mortgage Insurance Annuities
The premiums are typically lower than other types of life insurance plans.
The insurance costs for this type of insurance will remain the same for the duration of the contract and if the insured person dies during the period while the policy is in force, those named in the contract as beneficiaries will receive the payment totally tax-free.
This is the type of insurance used as a protection to cover your mortgage
Upon renewal of the policy, premiums will change but remain the same for new term period. Under certain conditions, conversion of term life insurance to a permanent or universal life insurance.
There is no cash value with term life insurance policy so the premium one pays goes only for coverage.
You can apply to reduce or increase your coverage and this will update your premiums based on the new amount of insurance. Coverage increase will require medical evidence and are subject to approval.
During the first two years, if the insured is found to have committed suicide, no benefits is payable.
During the application process, an incorrect or incomplete information including information about your health, lifestyle and smoking habits were given, the insurance company has the right to deny the claim.
Business owner who needs key person protection in their buy-sell agreements.
A portion of the premium you pay will be for the purchase of the insurance and the rest will be invested on your behalf and will grow over time.
To supplement your retirement income or during the time of an illness, you can always access to funds accumulated in your policy.
The Universal life insurance will give you coverage for the rest of your life and the policy will not end after a certain period of time.
Universal life insurance helps you protect your assets and pass them to your beneficiaries.
Upon your death, provided that your universal life policy was in force, your beneficiaries or estate can receive death benefits tax-free. Death benefit includes the face value of the policy along with any cash value accumulated in your account.
The growth of your cash value in your policy, since it is tax-deferred, is more rapid compared to an investment that is subject to taxation.
You can have universal life insurance policy, along with TFSA and RRSP, to build your savings.
You can pay off your whole life insurance in 10 or 20 years (limited pay policy) and the policy will remain in force for the rest of your life.
You can have access to a guaranteed cash value in your policy for any unexpected expenses or to use it as a supplement for your retirement income.
In a participating whole life insurance, since a portion of your premiums are invested, the earnings from those investments may be paid out as dividends you can use to either buy additional coverage or reduce your annual premium.
The death benefits will be paid tax-free to the beneficiary or estate specified in your policy.
The cash value built up in your whole life policy can be used as a collateral for a loan.
The death benefit will be increased by any accumulated dividend or decreased by any outstanding policy loan.
Mortgage insurance through a mortgage lender
Your mortgage insurance only covers some or the entire outstanding principle amount owned on the mortgage to your lender and there will be no money left to cover other family financial needs.
Your mortgage debt reduces over time but not your monthly payment of your mortgage insurance.
The sole beneficiary of the mortgage insurance is the mortgage lender and upon your death, the outstanding balance on your mortgage will be paid off.
Once the mortgage is fully paid off, you will lose all your benefits.
There is no flexibility in changing your coverage in mortgage insurance
Life Insurance
By purchasing a life insurance (either permanent or term), the death benefit will cover not only your mortgage to the bank or lending company but other family financial needs will also be taken care.
If you stay with the same policy, overtime, your coverage will not decrease and in case of your death, both your home mortgage debt and other financial needs of your family will be covered.
Upon your death, those who have been named as beneficiary in the life insurance policy will receive the whole benefit and then they are the one(s) who can decide how to spend the money based on the family financial priorities and not just paying off the mortgage.
As long as your pay your premiums, your insurance policy will remain in force.
Based on your financial needs, you can always consult a financial advisor for the possibility to upgrade your life insurance policy to meet your needs.
A term certain annuity provides income for a fixed period of time whereas life annuity provides income for as long as you live.
The initial sources of savings can be from RRSP, RRIF, DPSP, … or Non-registered funds.
Payment frequency can be monthly, quarterly, semi-annually or annually.
Upon making the lump-sum payment, receiving monthly income can either start immediately or it can be deferred on a future date set by you.
Payments can be either level in which the payment amount remains the same throughout the whole payment period or indexed where payments increase yearly to offset the inflation effects.
In case you die, your beneficiary will receive the balance of the guaranteed payments.

Professional
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This type of tailored business insurance coverage provides professionals with a policy that fits their industry's unique risks.

Financial
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          Gwen Johnson

          Founder & CEO
          Gwen is a professional Web and graphic designer with over 6 years of experience.

          Thomas Olsen

          Regional Leader
          He commands the development efforts at Station Four with full authority.

          Cat Byerly

          Director of Marketing
          Cat joins the team at Station Four with diverse experience in digital and traditional marketing.
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