Insurance is the foundation of any solid financial plan. It gives investors confidence that if unexpected events occur, the long-term financial plan is stable. Insurance kicks in when people need it most, making sure the planning process is easier in a time of need.
There are many facets to insurance: from traditional life insurance to segregated funds, which are mutual funds with guarantees. Insurance is not only a product that protects against tragic events, it is also a product that can be used as an investment to help your net worth grow. Let’s take a look at the scope of insurance products offered through Paragon Financial Services:
- Life Insurance—Term (5yrs, 10yrs, 20 years, to age 100) and Whole Life Insurance
- Mortgage Insurance—Banks offer limited choices, customized mortgage insurance is usually cheaper
- Disability Insurance
- Critical Illness—lump-sum payment if you survive major event
- Group Benefits
- Insurance and Investments—Segregated Funds guarantee your principle
- Guaranteed Income for Life—Predictable income regardless of market conditions
- Annuities
- GWB—Guaranteed 5% income for life with initial 5% annual bonus