← Reid Financial Strategies · Insurance Planning

Insurance Planning

Life and disability coverage — personal and corporate — designed to protect what you’ve built, sustain your income, and integrate seamlessly with your financial plan.

Protection as a Pillar of Your Plan

Insurance is not a product to be sold. It is a risk management tool — and like every other element of a sound financial plan, it should be chosen deliberately, sized correctly, and reviewed regularly as your life evolves.

At Reid Financial Strategies, insurance planning is never siloed from the rest of your finances. The coverage we recommend is calibrated to your income, your debt obligations, your estate plan, your business structure, and your retirement timeline. Because a policy that doesn’t fit your plan isn’t protection — it’s just an expense.

Life Insurance

Life insurance serves many purposes beyond the most obvious one. It can replace income for dependants, pay off a mortgage, fund a buy-sell agreement between business partners, create an immediate estate for charitable purposes, or provide tax-advantaged wealth transfer to the next generation through permanent insurance structures. We identify the right purpose — and the right type of coverage — for your situation.

We work with both personal and corporate life insurance structures, including corporate-owned life insurance (COLI) as a tax-efficient savings and estate planning vehicle for incorporated business owners.

Disability Insurance

For most working Canadians — especially professionals and business owners — the risk of becoming disabled is statistically more significant than the risk of premature death. Yet disability coverage is chronically underused and frequently misunderstood. We analyze your existing coverage (including group benefits), identify gaps, and recommend individual or business overhead expense (BOE) disability policies that genuinely protect your income and your practice.

For incorporated professionals and business owners, we also evaluate corporate disability solutions that provide benefits in a tax-efficient manner.

What We Cover

  • Personal life insurance: term, whole life, universal life
  • Corporate-owned life insurance (COLI) and the capital dividend account (CDA)
  • Key person life insurance for business owners
  • Buy-sell agreement funding through life insurance
  • Personal disability insurance: own-occupation and income replacement
  • Business overhead expense (BOE) disability coverage
  • Corporate disability solutions for incorporated professionals
  • Group benefits review and gap analysis
  • Critical illness insurance
  • Insurance needs analysis integrated with estate and retirement plans
  • Annual policy review and coverage recalibration
For Business Owners

Corporate Insurance Strategies

Incorporated business owners have access to corporate insurance structures that can be significantly more tax-efficient than personal coverage. We model both options so you can make an informed decision.

Often Overlooked

Disability: The Underplanned Risk

A long-term disability can be financially devastating — particularly for business owners and professionals whose income depends on their ability to work. We ensure this risk is taken as seriously as it deserves.

Integrated Approach

Insurance & Your Estate Plan

Life insurance can be one of the most powerful estate planning tools available. We coordinate your coverage with your estate strategy to maximize the benefit to your family and minimize tax.

Is Your Coverage Built Around Your Plan?

Most people are either underinsured, overinsured, or holding the wrong type of coverage. A review costs nothing — the gaps can cost everything.

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