How does it work?
- Fill out our calculator to get a pre-assessment OR meet with an Andreis representative to fill out your profile together.
- Meet with an Andreis representative in order to establish your financial values, goals and long-term vision.
- Analyse your situation and financial assets with an Andreis representative.
- Andreis will now build a personalized Strong Foundation Plan that is suited to your needs.
We offer a full range of insurance packages including:
- Term Insurance
- Permanent Insurance
- Term to 100 Life Insurance
- Universal Life
- Mortgage Insurance
- Key Person Insurance
- Partnership & Buy/Sell Insurance
Life Insurance is more than just an insurance plan; it can also be a valuable tool in estate planning. Your policy can play a vital role in:
- Providing replacement income for your dependents.
- Establishing a fund for emergency expenses.
- Establishing a fund for children’s education in future years.
- Allowing for the accumulation of tax-deferred funds to supplement retirement income.
- Covering costs for final expenses such as funeral and burial costs.
- Assisting in business succession.
- Funding the capital gains tax liability that arises on death.
report_problemCRITICAL ILLNESS INSURANCE
Being diagnosed with a critical illness can be both emotionally and financially devastating, but there are options available. Critical Illness Insurance can provide protection for you and your family in the event of a life-threatening illness diagnosis, with policies providing up to $2,000,000 in a tax-free lump sum payment relating to any of the following*:
- Heart Attack
- Bypass Surgery
- Alzheimer's Disease
- Multiple Sclerosis
- Kidney Failure
- Aortic Surgery
- Benign Brain Tumor
- Heart Valve Replacement
- Loss of Limbs
- Loss of Speech
- Major Organ Transplantation
- Major Organ Transplantation
- Waiting List Motor Neuron Disease (ALS)
- Occupational HIV Injury
- Severe Burns
- Angioplasty Ductal Carcinoma in Situ of the Breast Early Stage Prostate Cancer
*Not all Critical Illness policies cover all of these conditions.
"Do I need Disability Insurance?”
In fact disability insurance can be as important - if not more important - than life insurance, as the chances of becoming disabled are significantly greater than one’s chances of dying prematurely. You are your most valuable asset and protecting that asset can mean the difference between financial stability and economic devastation. Have you considered how you would survive financially if you were suddenly unable to earn a living? To determine if Disability Insurance is right for you, ask yourself the following questions:
"How long could you maintain your current standard of living on savings alone?”
It’s something we all have to think about... the shorter this period, the more vulnerable we will be if disability strikes. In considering the answer to this question it is important to note that any withdrawals from an RRSP would be subject to income tax.
"To what degree do your dependants - such as children, spouse or parents - rely on you financially?”
When considering Disability Insurance it is important to reflect not only on ourselves but on those we support - who will provide them with financial support if we are unable to do so?
"If you were to become disabled and unable to work, would your spouse be able to make up the short fall?”
Consider the fact that your spouse’s income may also decrease if the disability sustained requires them to remain home to provide care. The financial security provided by a disability policy enables spouses and partners to choose to care for their injured loved-one without the worry of economic repercussions.
An RRSP is a retirement plan that is registered with the Canada Revenue Agency (CRA) and that you or your spouse make contributions to. Because deductible contributions can be used to reduce your tax and because income or growth earned in the plan is usually exempt from tax while the funds remain in the plan, an RRSP acts like a tax shelter that provides you with a powerful incentive to save money for your retirement years. You can open an RRSP at many financial institutions including: banks, trust companies, life insurance companies, credit unions, caisses populaires and stock brokerage firms. An RRSP is designed to hold a number of qualified investments such as stocks, bonds, and other popular securities.
An RRSP is generally available to you if you have qualifying income. Once you contribute funds into an RRSP, any growth or income earned on the underlying investment will not be taxed until you withdraw that money. In addition, you can claim tax deductions for contributions you make to your RRSP. Since you received a tax deduction when you contributed funds to the RRSP and the funds accumulated on a tax-free basis, if you decide to withdraw those funds prior to the plan’s maturity, any amount withdrawn will be regarded as taxable income by the government and will be subject to tax in the calendar year you receive it.
When you hold the RRSP until the plan matures, the money you’ve saved can be withdrawn as a lump sum. But if you decide to go this route, the money you withdraw will be regarded as income and taxed in the calendar year you receive it. This could trigger a large tax bill. There are alternatives, however. By using your accumulated savings to purchase a retirement annuity or open a Registered Retirement Income Fund (RRIF), you are able to delay the receipt of your funds, and consequently, continue to defer paying tax on the savings remaining in the plan.
trending_upMORTGAGE LIFE INSURANCE
Before you say yes to mortgage insurance, consider a product designed to protect you and your loved ones – not your lender.
Get more for your money with Term insurance.
When you’re approved for a mortgage, your lender will offer to sell you mortgage insurance. That may seem convenient, but… Before you say yes to mortgage insurance, you should know that you have other options. Protecting your mortgage with an individually-owned term insurance plan, offers you and your loved ones better guarantees and greater choice. Quite simply, Family Term provides better value, more flexibility – and in most cases at a lower cost.
workANNUITY / RRIFs
What is an annuity?
In exchange for a single lump sum investment, an insurer makes guaranteed regular income payments to an investor that contain both interest and a return of principal. Annuity payments can continue for a chosen period of time or for the lifetime(s) of one or two people.
What is a RRIF?
A Registered Retirement Income Fund (RRIF) is a registered account that allows you to continue the investements held in your RRSP on a tax-sheltered basis, while paying you an income for as long as you choose or as long as there is money available in the plan.
A RRIF can be flexible in providing your retirement income, and just like an RRSP, you can owe more than one RRIF at a time.