What’s Included
Introduction
Insurance is one of the most important — and most overlooked — parts of a financial plan. Most people have some coverage, but far fewer have the right coverage for where they actually are in life. At Bogress Financial Group, we treat insurance as a planning tool, not a product sale. We look at your full picture — your income, your assets, your family, and your stage of life — and help you build a protection strategy that genuinely fits.
We work with all major insurers in Canada and are not tied to any single company’s product shelf. That independence matters: it means every recommendation we make is based on what’s right for your situation. Whether you’re reviewing coverage for the first time, navigating a life change, or simply not sure what you have or whether it’s enough, we’ll walk you through your options clearly and make sure every decision is one you fully understand before moving forward.
Life Insurance & Living Benefits
Life insurance — whether term or permanent — is fundamentally about protecting the people who depend on you and the financial obligations you’ve taken on. Term insurance is straightforward and cost-effective, designed to cover you through a specific period of need. Permanent insurance provides lifelong protection and, for the right client, can serve as a meaningful tax-efficient planning tool as part of a broader wealth strategy. We help you understand the difference and make a recommendation that reflects your goals, your timeline, and your budget.
Living benefits — disability and critical illness insurance — protect you while you’re still here. Your income is likely your most valuable financial asset, and most people leave it largely unprotected. Disability insurance replaces a portion of your income if you’re unable to work. Critical illness insurance provides a tax-free lump sum if you’re diagnosed with a covered condition, giving you financial flexibility when you need it most. The two coverages complement each other, and we’ll help you think through how they fit into your overall plan — including reviewing any group coverage you may already have through work.
Insurance for Business Owners
For incorporated business owners, insurance is more than personal protection — it’s a planning tool that sits at the intersection of your business, your estate, and your retirement. Corporate-owned life insurance can shelter wealth inside a holding company and move capital to your estate tax-efficiently at death. Key person coverage protects the business against the financial impact of losing someone critical to its operations. And insurance is the most practical way to fund a buy-sell agreement, ensuring that if a co-owner departs, the remaining owners have the capital to acquire their share without disrupting the business.
These strategies are more complex than personal insurance, and the details matter. We work alongside your accountant and lawyer to make sure any corporate insurance strategy is properly structured, coordinated with your broader plan, and implemented in a way that actually delivers the intended outcome. If you’re a business owner who hasn’t had this conversation yet, it’s worth having sooner rather than later — many of the most effective strategies are significantly easier to put in place before a triggering event, not after one.
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