Insurance
Insurance is a crucial component of a solid financial plan. Various types of insurance provide protection for you and your loved ones against the financial burdens of accidents, illness, disability, and death when unexpected events occur.
Incorporating insurance into your financial strategy is vital for effective risk management. Proper insurance coverage supports clients in achieving their estate planning goals and should be carefully reviewed with your trusted advisor during every financial portfolio assessment.
At Allin Wealth Management, our insurance professionals provide the following services:
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Comprehensive Financial Assessment: We thoroughly evaluate your current financial situation, identify inherent risks, and understand your needs and financial goals to create a tailored solution that suits you best.
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Estate and Succession Planning: We utilize insurance for estate and succession planning, ensuring the positive effects on taxation to help you leave your hard-earned wealth to your designated beneficiaries.
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In-depth Communication: We ensure that our clients are well-informed about the various insurance products available in the market, including their pros, cons, and unique features. This reassures clients that the portfolios we recommend are the most suitable for their needs.
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Annual Portfolio Reviews: We conduct annual reviews of your portfolio to reassess your needs and ensure the solutions in place continue to meet your requirements. As life evolves, so should your financial plan, and we are committed to adjusting it as you reach different milestones.
Auto / Home / Commercial Insurance
Auto, Home, and Commercial Insurance, collectively known as General Insurance, are essential for anyone who owns a vehicle, home (whether as an owner or renter), or business. The cost of these insurances can vary significantly based on the insurance provider, coverage options, location demographics, and the deductible you choose to pay when filing a claim. Finding the best quote for these various insurance coverages can be a daunting task. However, at Allin Wealth Management, our General Insurance Professionals are here to help. We work with numerous insurance carriers across Canada to ensure our clients receive the most competitive premium quotes for all their General Insurance needs.
Critical Illness Insurance (CII)
No one likes to think about illness, yet many of us know someone who has experienced the financial and emotional toll of serious conditions like heart disease, cancer, or stroke—three of the leading causes of death today. Facing a critical illness can be one of the most challenging times in a person’s life. Beyond the fear for your health, the financial strain on your family can be overwhelming. That’s why our insurance professionals at Allin Wealth Management are here to help you proactively plan for the unexpected. With the right coverage, should you face a critical illness, you’ll receive a lump sum payment to cover the associated costs. And if you remain healthy, you have the option to return your premiums or convert your coverage to Long-Term Care, ensuring your investment continues to benefit you in multiple ways.
Long Term Care Insurance (LTCI)
Relying solely on government programs is becoming increasingly uncertain due to an aging population and rising healthcare costs. Our healthcare system may not always be able to meet our future needs. We often take for granted our ability to perform daily activities without considering what might happen if we need assistance in the future. Long Term Care insurance provides an income benefit if you become unable to care for yourself due to aging, accident, illness, or deteriorated mental abilities. This money can be used in any way you choose, offering security for your hard-earned savings. At Allin Wealth Management, our experts are ready to discuss the weekly income you may need to maintain your desired standard of living, as well as the medical costs that may arise if you need extra assistance with daily activities.
Personal Health Insurance (PHI)
Personal health insurance helps mitigate the financial burden of preventive care or medical bills resulting from illness or accidents. It is especially beneficial for clients who already have provincial health plans, as it covers gaps in expenses that can significantly impact your finances. Depending on the level of coverage, personal health insurance can reimburse expenses such as dental care, vision care, hospitalization, prescription drugs, and more. Speak with one of our insurance professionals at Allin Wealth Management to determine the appropriate level of coverage for you and your family, ensuring you no longer have to worry about medical cost gaps not covered by the provincial health care plan.
Visitors Travel Insurance
Whether you need emergency medical coverage during your visit to Canada or while waiting for your provincial healthcare plan to take effect, Allin Wealth Management has the right solution for you. Although Canada boasts an excellent healthcare system, non-residents are not covered, and medical expenses, including dental, can be costly. Let us provide you with peace of mind during your travels. Our coverage options include Emergency Medical Coverage, Trip Cancellation or Interruption Coverage, Baggage Coverage, and even Rental Car Coverage. We can tailor a protection plan to suit your specific needs.
Travel Insurance (For Canadian)
When traveling to tropical beaches, shopping across borders, or visiting family abroad, your provincial healthcare plan may not offer full coverage. To safeguard your trip, we offer Travel Insurance for Canadian Residents, whether it's for a single trip or multiple journeys throughout the year. Our coverage ranges from essential Emergency Medical Insurance to comprehensive protection, including trip cancellations, interruptions, accidental death and dismemberment, sports and excursion coverage, baggage insurance, and rental car protection at your destination. Travel with confidence knowing your insurance covers all aspects of your journey.
Offshore Policy Coverage
No matter where you seek insurance coverage, we are here to facilitate your needs and guide you through the process of obtaining coverage in major insurance hubs worldwide. Whether it's in the United States or Hong Kong, we collaborate with trusted partners who possess extensive experience, ensuring a seamless and stress-free application process for our clients. At Allin Wealth Management, we recognize that wealth can be vulnerable to various threats such as inflation, rising taxes, political instability, income disruptions, and unforeseen financial needs that can impact you and your family across generations. Therefore, we are dedicated to helping you identify proactive measures to safeguard your wealth against these challenges. Our expertise in global insurance products equips us to provide comprehensive solutions tailored to your specific needs.
