Burlington, ON · Insurance & Financial Solutions
GMS

INSURANCE & FINANCIAL SOLUTIONS
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GMS
Insurance

Life Insurance

Financial protection for the people and businesses that depend on you.
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Overview

Financial Security for Dependants

Life insurance is the simplest way to make sure the people who depend on you are not left with financial pressure at the worst possible time.
What varies is the structure: how much, for how long, and whether the policy is meant purely as protection or as part of a longer-term plan.
Policy structures

What This Covers

01

Fixed Timeline

Term Life Insurance

Essential coverage for a defined duration (10, 20, or 30 years), designed to cover mortgages, commercial loan obligations, and income replacement during the years your dependants rely on you most.

Cost-effective, high-coverage protection for peak liability years.

02

Lifelong Equity

Permanent & Universal Life

Guaranteed lifelong protection that accumulates tax-sheltered cash surrender value: utilized extensively in estate preservation, tax minimization, and wealth transfer across generations.

Permanent liquidity to offset estate taxes and leave a clean legacy.

03

Corporate-Owned Life Insurance

Policies held inside an operating company or holding corporation to fund buy-sell agreements, create Capital Dividend Account (CDA) room, and extract wealth tax-efficiently.

04

Existing Policy Review & Optimization

Reassessing policies you already hold to confirm current beneficiary designations, conversion rights, rating removals, and premium sustainability.

Who This Is For

Young Families

Households where one income disappearing would change how the family lives.

Business Owners

Owners with debt, partners or key staff whose absence would put the business at risk.

Estate Planning Clients

Those using permanent coverage to cover a tax liability or equalise an inheritance.

Frequently Asked Questions

Coverage depends on outstanding debt, income replacement needs, family size, and long-term goals. We perform a thorough capital-needs analysis to arrive at an accurate figure.
Term life covers a specific period (e.g. 10, 20, or 30 years) at lower initial cost, ideal for temporary obligations. Permanent life covers you for your lifetime and can accumulate cash value.
Yes. Corporate-owned life insurance is widely used for buy-sell funding, key person coverage, and tax-efficient transfer of corporate wealth to shareholders through the Capital Dividend Account (CDA).
In Canada, the death benefit paid to a named individual beneficiary is generally received tax-free. When paid to a corporation, the proceeds minus the policy’s adjusted cost basis can typically be distributed tax-free to shareholders via the Capital Dividend Account.

Related Insurance Solutions

Critical Illness

Provides a lump-sum payment upon diagnosis of a covered condition, helping you focus on recovery without financial pressure.

Explore Critical Illness

Disability Insurance

Protects your earned income if an unexpected injury or prolonged illness prevents you from working.

Explore Disability Insurance

Connect with Les

Secure Your Family and Business Future

Schedule a confidential discovery conversation with Les Mroz, CLU to discuss your life insurance questions and coverage options.
Book a discovery call