Life Insurance is used in buy-sell agreements to allow the surviving business partner to buy the deceased owner’s share of the business.
Life Insurance can be used to ensure fair treatment of family members and to pass control in the business.
Key Person Insurance is purchased by an employer for a key employee. If the key person were to die, a Life Insurance benefit provides the funds to compensate for their loss (ex. loss of sales) or for the cost of recruiting, hiring and training a replacement.
Disability Income - Disability Insurance provides you with a regular income if you are not able to work due to sickness or injury.
Critical Illness Insurance provides a lump sum benefit on a tax-free basis, 30 days after the diagnosis and survival of a critical illness (i.e. cancer, stroke, heart attack, and numerous other conditions).
“We have been working with Gerry McKay for over 20 years, when he first took care of our group RRSP needs. As time went on and we got to know him, we turned to him for more services, including our employee benefit plan.
It is important to seek people you can trust and then to hold on to them. That is what we did with him and that is why we are still working with him today.
The length of our relationship with him speaks for itself. Not only does he ensure that our employees are well taken care of and that they have the best benefit plan possible, he is also very responsive to our needs, ensuring that we understand and have clarity on all matters and that we have the most up to date information.
There are many people who can provide us with an employee benefit plan, but what makes Gerry and the Cicone/McKay team stand out from the rest is their service.”
Kate Wighton - Elan Data Makers