It’s about preparing for a bright future.

Insurance is a crucial part of a financial portfolio - and for a good reason. A well-constructed plan developed by a life insurance broker can protect the interest of your family and business. Benefits include tax advantages associated with life insurance payouts, protecting your businesses from the consequences of the death of a key employee, and saving on estate taxes after you have passed away.

Smart planning is essential for your family, business and estate.

Putting a proper life insurance plan in place can cover estate taxes or help your family maintain their lifestyle after you pass away. At BOSI Financial, we reduce the complexity of choosing the right insurance policy as we carefully evaluate our clients' unique situations.

In the most basic form, life insurance can ensure that your beneficiaries are paid a non-taxable cash benefit after your death. This process occurs regardless of the benefit's size and is paid to whomever you name as a beneficiary. In the case of term and permanent life insurance, both policies are tax-free insurance plans. Premiums are paid for the insurance; however, these are often significantly less than the amount that would have been paid in tax.

We offer key insurance products, including term insurance, creditor insurance, whole life insurance, and universal insurance. It is important to speak with a life insurance broker to review your specific needs as an individual, family, or business owner. If you are looking for a provider of life insurance in Calgary, connect with us to learn more.

Did You Know? Most employee benefits packages only cover a 1x salary for life insurance. These benefits may not be enough to help you and your family. Your spouse's last thing they will want is to return to work if you happen to pass away. How will the mortgage be paid? What about any other bills you may have?

Disability Insurance

You are protecting your future income potential.

If you or your spouse become disabled through severe illness or injury, how would the loss of present and future earnings impact you? Depending on the severity, a disability can include not going to work for a set number of days or not performing daily living acts. In severe cases, you may be diagnosed with a critical illness.

In addition to your daily living expenses, you may have further expenses related to medical and household costs, such as disability modifications.

You must review your employer's policy and ensure you are fully covered to protect yourself in the event of a disability. Disability insurance should be considered by all income earners, whether they are single or married, or have children.

Did You Know? Most employee benefit packages do not have a critical illness policy.

It’s mandatory for all homeowners who put less than 20% down.

Default Insurance, also known as Mortgage Insurance, protects the bank in the event you default. There are three insurers - CMHC, Genworth, and Canada Guarantee.

All three insurers charge the same premium.

The bank typically decides who will be your mortgage insurer and will set up the insurance. There is nothing required on your end.

Did You Know? Mortgage Insurance is portable. If you move from one house to the next, you may not need to pay the full insurance premium again. As well, you may obtain mortgage insurance on your 1st, 2nd, 3rd home. You do not need to be a first time home buyer.

Protect your home and its contents.

When purchasing a single-family home, home insurance with fire protection is mandatory. This is to protect the asset if a fire occurs and the bank no longer has its security.

If you are purchasing a condo or townhouse with condo fees, your condo fees will more than likely include insurance to cover the building in the event a fire happens. It is still essential to obtain content insurance. Content insurance protects your valuables in the event there is a fire or if pipe bursts and damages your personal belongings.

How our insurance differs from that offered by the bank: As your life insurance broker, we are here to provide policies that save you money and provide flexibility; we will provide independent advice towards your situation.