 |
|
|
|
|
 |
|
 |
|
|
Crossgrove & Company specializes in individual
risk management, protecting Executives and
Management Consultants through living benefits,
health and life insurance. In our area of
specialty we have access to virtually every
insurance alternative in Canada. Therefore there
are truly no limits in creating the tailored
risk management solution for each client’s
unique situation. For corporate and individual
clients the fundamental products are the same
however the key difference comes in the
ownership and beneficiary structuring for tax
purposes.
Living Benefits:
The two areas of living benefits are Critical
Illness and Disability Insurance, which are
designed to protect your income and assets while
recovering from a disability or illness. Both
are the essential coverage's that should form
the cornerstone of a
Consultant’s or Executive’s risk management
portfolio. Critical Illness
insurance can be structured to return 100% of
premiums paid, while Disability insurance 70%,
in the event of no claims over a specified
period. Corporately, both types of insurance can
be setup as a tax- deductible business expense.
Both corporately and individually we have access
to several of the most comprehensive offerings
at exclusive discounted rates. However, one must
be very cautious with living benefits for the
key is not price, but rather the
definitions/contractual language of the
coverage.
Health:
Either corporately or individually, health and
dental plans can be set up extremely
efficiently. The maximum level of flexibility
comes on the corporate side, where cost
containment measures can be applied and plans
tailored specifically to the clients’ needs. Due
to the demand in this area for our expertise, we
have a separate division that exclusively works
on this portion of our clients’ risk management
portfolios. This division is headed by a
Principal who has over 25 years of experience
dealing with small and large professional-based
(accounting, consulting & law) corporations.
Life Insurance:
Of the three areas of protection, life insurance
is the least complex. Within the market there
are several different types of life insurance,
each one designed for a different purpose. It is
imperative that one has the ideal coverage for
their specific needs, otherwise one could be
paying far too much or be under insured over the
long term. Complexity enters into this area on
the corporate side when looking at issues such
as buy-sell, key person, succession planning,
etc. These are all areas that Crossgrove has
earned a reputation of excellence. | | | |
 | |
| | |
