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PROTECTING WHAT MATTERS MOST
Our life insurance policy is a ray of hope, a defence for your family, and a declaration of your dedication to their future in an unpredictable world. Allow our financial support to lead you through the maze of life’s unexpected turns, making sure that you and your family are ready for whatever comes next. Families are not the only ones who can profit from it; self-employed individuals like entrepreneurs can too.
It’s important to think carefully about what to leave for your loved ones in your absence caused by an accident or an untimely death resulting from a serious health issue. It is critical to comprehend the specifics of your life insurance policy, including its coverage limitations and main exclusions, to guarantee that your loved ones are safeguarded in all situations.
At Orr Insurance & Investment, we truly believe that safeguarding the insured person’s family or company assets against substantial losses or accidents is an extremely vital decision, particularly for people and business owners.
Our brokers will assist you with determining the best and most affordable strategy to safeguard your most valuable possessions. Learn the art of financial tranquillity, expertly managed by our committed staff, where your goals and desires are not only upheld but also fostered.
Canadian life insurance businesses give people peace of mind and financial security. Term and permanent insurance are the two most popular types of life insurance.
In the event of the policyholder’s death, term life insurance pays a death benefit to their beneficiary after a set period, generally 10, 20, or 30 years. It’s an affordable choice for people looking for short-term insurance.
Conversely, permanent life insurance, including whole and universal life, provides lifetime protection together with a paid cash value component that is growing. These plans can also be utilized as a tool for savings or investments.
Who will be responsible for paying your debts and/or mortgage after your death would be the first point that comes to anyone’s mind when thinking about financial security. We frequently advise getting term life insurance for ten or twenty years to pay off large obligations such as mortgages, auto loans, school loans, etc.
The payments your children and surviving family will inherit—your mortgage payments being the largest—should be carefully considered, especially because we’re talking about your possible death. In many cases, the burden of having to continue making mortgage payments after a person’s death can be lessened by being properly insured to cover a mortgage payment.
Without your salary, would your remaining family be able to maintain the same standard of living? What about regular bills and bank loans your surviving family would be liable to pay without your income if your life insurance just covers your mortgage? This shows the relevance of life insurance policies and enables insurers to earn money in place of an income even in their absence.
Items such as groceries, child care, utility bills, etc. can be taken care of from the insurance amount. We will have a conversation with you and determine an amount of compensation that will provide your family with the assurance that they will be cared for for many years to come and won’t have to worry about making ends meet on your deathbed.
Policies for life insurance may pay taxes on gifts, inheritances, and estates. A tax paid on the transfer of property upon death is known as an estate tax. Because life insurance plans give their beneficiaries money, they can help with estate tax coverage.
On the other hand inheritance tax is payable on the assets that an individual receives from the estate of a deceased person. Besides this, a gift tax is levied on assets transferred while a person is still alive. Life insurance can provide the liquidity needed to pay both the estate tax and inheritance tax, and can also provide the beneficiaries with the funds necessary to pay off any debts or obligations of the deceased.
If you couldn’t be there, who would pay for your kids’ education? You can make your children the beneficiary and deposit money for their education if they are young and intend to attend college or university. Usually, a person’s school loan is one of their longest-standing debts, excluding a home loan or a mortgage.
Consider how much better off your kids would be if their education was fully funded and they could start their adult lives debt-free as soon as they graduate. This could be the best gift you can give your children.
Selecting the ideal retirement plan and life insurance can be difficult, but our committed staff at Orr Insurance & Investment is here to help you every step of the way. Our knowledgeable brokers will:
Our staff will examine and resolve any issues you raise, enabling you to make wise choices.
We’ll take the time to comprehend your particular situation like the personal or company objectives and help you decide how much capital you can invest in this policy.
We will give you life insurance policy options and go over the capital and advantages of each based on your insurance needs.
It is our responsibility to take care of the paperwork and guide you through the contract and application review procedure with ease. A medical acceptance procedure may also be required for certain policies. It helps the insurer assess your health and the associated risk, which can affect your eligibility for certain policies and premium rates.
In addition to providing life insurance to our customers, Orr Insurance Brussels also builds and empowers you to design a comprehensive retirement security plan that is in line with your capital, goals and values. The life insurance service provided by Orr Insurance & Investment in Brussels is more than just a financial buffer; it’s a guarantee of our dedication to you and your family’s future and assets. Our staff is there to support you as you stroll through life’s unexpected path.
As we collaborate to develop a personalized strategy that is in line with your particular objectives and aspirations, we encourage you to embrace the art of peace and stability. Our life insurance services in the Brussels region are intended to protect your loved ones from unexpected events in your life. We recognize that life is a mosaic of unanticipated events, hence our policies are tailored to meet your unique needs, protecting your aspirations, assets and legacy.
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