St. Cyr and Associates Financial planning

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FINANCIAL PLANNING - Business Planning

|Company RRSP/Pension| |Keyman Insurance|
|Buy/Sell (Shareholder Agreement)| |Executive Living Benefit|


  • Businesses most valuable asset most often is their people.

  • A business often depend on one, two or more people for their success. This is the person that is considered to be a “keyman”

  • The loss of a “keyman” through death, disability or illness can result in business failure or in the least, cause apprehension and financial strain on the business , often for a long periods of time.

  • Insuring against such a loss is no different than insuring any other physical business asset such as a building or machinery. .

Corporate-owned life insurance, disability coverage, or critical illness insurance will not replace a key person.

However, it can provide the financial resources needed to either train or recruit a replacement. In the case of illness or disability it can provide for the financial resources to maintain the key person's wages while paying for a replacement without exhausting the company's resources.