Kootenay Valley Financial Services

By: Kootenay Valley Financial  09-12-2011
Keywords: Insurance, Life Insurance, disability



Life Insurance
We offer a wide range of life insurance products including Whole Life, Term and Family Term from a variety of insurance providers including Manulife Financial, Canada Life and TransAmerica Life. Because every clients situation is so different we will not do quotes over the phone. Please call to make an appointment if you are interested in discussing life insurance.

Critical Illness Insurance
Getting sick isn’t something any of us like to think about. But it happens. If it does, thanks to improvements in healthy living and medical science, there is a good chance you will recover and get on with your life.

But getting better costs money. Treating and coping with illness can mean significant and often unexpected costs. Critical Illness Insurance is designed to provide you with the peace of mind you need to deal with the unexpected and to get started on recovery as soon as possible. It provides a cash benefit if you’re diagnosed with one of the Covered Conditions or Early Intervention Conditions defined in your contract. For more information see Manulife Financial's web site.

Long-Term Care Insurance
We all plan on being healthy throughout our lifetime, but sometimes getting older can prevent us from doing things that we now take for granted. Part of planning for your golden years means considering the possibility that you’ll need long-term care.

Living Care is long-term care insurance. It provides you with the service and support you need to maintain your day-to-day activities should a chronic illness or cognitive impairment keep you from being able to take care of yourself. For more information see Manulife Financial's web site.

Disability Insurance
The security you need, the protection you deserve

If you become disabled, your ability to earn income may be compromised, and your ability to pay bills or save for retirement may decline. Our disability insurance plans are designed to help you meet your income requirements so you can concentrate on recovering from your disability and returning to an active life. The peace of mind that income protection can provide is available for professionals, business owners, business executives, and full-time, part-time or home-based workers. Whether you need to secure your main source of income or to supplement the coverage you receive from your employer or an association, we can help by providing a comprehensive and portable plan you can rely on throughout your working years. To find out about our complete range of disability insurance plans, contact us today. It may be the most important financial planning decision you’ll ever make. Try the Manulife Financial to help you identify the amount of income you would need if a disability prevents you from working.

Manulife Bank Products
Manulife Bank is committed to offering Canadians a better way to bank.

You get more for your money
Manulife Bank doesn't have an expensive network of branches to maintain which allows us to pass on the savings to you.

You get advice you can trust
We believe banking products are an integral part of your financial health. That's why we offer these services and can recommend the banking products that meet your needs.You get full access to your money
We make it easy for you to access your money in many ways. And, with Internet and telephone banking services, it's easy to manage your finances. Direct deposits can be made through any ABM displaying the Exchange Network symbol. To find one near you click the following icon:

Banking Referral Products

Referral Product
How are your daily finances? It may be a matter of how you bank rather than where you bank.

Employee Benefits

Group Life Insurance - the foundation of your plan members' financial security
Group Health Insurance - helping plan members bridge the widening gap between the healthcare coverage provided by provincial governments and the coverage plan members need. We can help manage rising costs and tailor coverage to the needs of organizations of any size.
Group Critical Illness Insurance - provides financial support to allow plan members who become critically ill to focus on recovering and managing their illness.

Retirement Savings Plans
Accumulate tax sheltered growth of capital and take advantage of flexible benefits to augment retirement income.

Retirement Income funds
Any RRSP must be converted to a RIF once the holder reaches the age of 69.


Estate Planning
Estate planning is simply arranging your estate so that is is distributed in the most efficient and effective manner possible.
The most common method of distributing estate assets is through a Will. A Will is probably the most important document you will ever sign. It essentially determines who your total assets will be distributed to in the event of your death.
Another method of arranging your assets is through a trust - a specially designed legal structure that can own real estate, shares of companies and virtually every other kind of property. Since the trust owns the investments they do not pass under your Will on your death and since the trust continues after your death, probate fees do not apply.
Proper estate planning results in more of your money being available to your heirs and less going to Revenue Canada or outsiders. All assets transferred from spouse to spouse upon a death are tax deferred, but transferring assets to any other heir might attract tax depending on what type of asset is transferred. For example: RRSP's transferred to heirs are fully taxable. Capital assets such as real estate, stocks and farm assets are deemed disposed of at fair market value the day before death and are subject to capital gains tax. (This applies at last death in the case of husband and wife.) Other assets, such as cash, will transfer tax free to heirs. All assets that transfer through your estate are subject to probate fees. If you are depreciating a building, upon your death all that depreciation will be recaptured
Proper estate planning can alleviate these problems.

Business Planning
Key Person Insurance - Tax Free dollars to offset financial loss arising from death or disability of a key person
Business loan protection - Tax Free dollars to repay business loans/lines of credit in the event of death or disability of a shareholder or partner.
Business transfer - Tax free dollars to properly fund the buyout of shares in the event of death or disability of a partner.
Enhanced Retirement Program - Tax effective ways for the company to benefit from corporate owned life insurance.

Planning for the future can be stressful, we feel strongly that it is our responsibility to our clients to help them relieve that stress through education and the development of their personal financial plan. Using modern technology we can help our clients define their goals and objectives and implement plans to achieve them.

Keywords: Critical Illness Insurance, disability, Disability Insurance, Insurance, insurance products, Life Insurance, life insurance products

Contact Kootenay Valley Financial


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