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As certified financial planners, we are well positioned to offer a wide range of investment and insurance solutions for your individual and Corporate needs.
The following insurance products are offered by the Donaldson Financial Group:
- Annuities
- Critical Illness and Long Term Care
- Disability Insurance
- Estate Planning
- Segregated and Guaranteed Investment Funds
- Term Insurance Products
- Universal Life Insurance
Annuities
A contract entered into with a life insurance company to purchase a steam of income payments, normally for a fixed period, such as 10 years, or life.
Critical Illness and Long Term Care
An insurance policy that pays you a lump sum if you contract certain diseases and provides benefits for the chronically ill or disabled over a long period of time. ie. nursing home costs
Disability Insurance
Insurance that pays you an ongoing income if you become disabled and are unable to pursue employment or business activities. There are usually limits to how much you can receive, based on your pre-disability earnings. Most policies also have a waiting period before you can begin collecting benefits, typically 30 to 90 days.
Estate Planning
The orderly arrangement of one's financial affairs to maximize the value transferred at death to the people and institutions favored by the deceased, with minimum loss of value because of taxes and forced liquidation of assets.
Segregated Mutual Funds
A special type of mutual fund that holds a portfolio of investment securities in the name of the fund, which is owned by people who have bought shares in the fund itself and operated by a Life insurance company. A typical investment guarantee of 70 - 100% at 7 - 10 year maturity and death guarantees may apply.
Term insurance
Life insurance policies that have no savings component. Sometimes called 'pure insurance.' They are renewable, in periods of one to 20 years, and usually cannot be obtained past about age 75. Premiums rise with each renewal, and can become prohibitively costly later in life. When buying term insurance, make sure you don't have to prove your insurability each time you renew. Term to 100 is a type of permanent insurance without the cash accumulations. This life insurance is usually cheaper than permanent insurance but more expensive than term insurance. Premiums are fixed and guaranteed to age 100, whereas term insurance premiums rise with each renewal.
Universal life insurance
Life insurance with an investment component as well as a death benefit. The policyholder has the flexibility to increase or decrease the investment amount.
