Support when your family needs it most
Ensure your wishes are carried out and that your loved ones are protected, no matter what happens.
Insurance offers certainty through an uncertain time. Not only does coverage give your family stability, but it also offers a host of other benefits, including for estate planning.
We provide planning advice related to:
- Life insurance
- Disability insurance
- Critical illness insurance
“I have worked with Cox Financial Group regarding my life insurance. They provided me a competitive offer extremely quickly. I would recommend to anyone looking for honest advice.”
Work with wealth experts who know you
Frequently Asked Questions
What’s the difference between term and permanent insurance?
Term life insurance is purchased for a defined time frame (often 10, 15 or 20 years). The insurance then covers you for a temporary need, e.g.: a mortgage/debt, or your children’s dependent period. Permanent life insurance is bought for permanent needs you will always have, such as final expenses or tax owed upon death from your business and investment growth.
Why should life insurance be part of my financial plan?
Life insurance allows your loved ones to navigate the many new changes and challenges without the weight of financial burdens. However, for business owners and entrepreneurs, life insurance is also a major aspect of a keen business plan. Life insurance can help cover outstanding debt, clarify professional planning, cover final taxes, increase net worth, diversify assets, and protect your beneficiaries and business.
When does it make sense to acquire life insurance?
Generally, it’s best to get life insurance while you’re young and healthy. That’s because trying to purchase life insurance when your health is deteriorating can be very expensive – even impossible. For business owners, there are even more reasons (such as tax and estate planning) to purchase life insurance as early as possible.
Do I need disability or critical illness insurance?
Disability and critical illness insurance are essential to completing your risk protection against unexpected life events (ie. cancer or a debilitating injury that leaves you unable to work and earn your income). If your business has employee benefits, it can often be a good foundation for your protection, but it is important to understand where the gaps may be and how they could affect you financially.