Insurance Planning
Insurance isn’t just about protecting what you have—it’s about creating stability for the future. At Dowco Financial, we help individuals, families, and business owners make informed choices about insurance coverage that supports their goals and prepares them for the unexpected. Whether you’re looking for personal protection or business continuity planning, we’ll help you find the right fit.
Insurance Planning for Individuals
Permanent Life Insurance
Permanent life insurance provides lifelong coverage and can also serve as a tax-efficient estate or investment planning tool. It builds cash value over time and is ideal for those seeking long-term security with added financial benefits.
Term Life Insurance
Term life insurance offers affordable protection for a set period—typically 10, 20, or 30 years. It’s a straightforward solution for covering large obligations like income replacement, mortgage payments, or childcare in case of premature death.
Mortgage Life Insurance
Specifically designed to cover your outstanding mortgage balance, this insurance ensures your family won’t be burdened by housing costs if you pass away. It’s a smart way to protect your home and your family’s lifestyle.
Critical Illness Insurance
If you’re diagnosed with a serious illness like cancer, stroke, or heart disease, this coverage pays out a tax-free lump sum. The funds can be used for medical treatments, recovery time, or anything else that supports your healing.
Disabilty Insurance
Your income is one of your greatest assets. Disability insurance provides replacement income if an accident or illness prevents you from working, helping you maintain your lifestyle and financial responsibilities while you recover.
Travel Insurance
Whether you’re heading south for the winter, exploring Canada, or welcoming visitors from abroad, travel insurance helps protect you from unexpected medical costs and emergencies.
Insurance Planning for Business Owners
Key Person Insurance
Protects your business if a key employee or owner becomes critically ill or passes away. Provides funds to cover lost income, recruitment, or operational costs during a transition.
Buy/Sell Agreement Insurance
Funds a shareholder or partnership buyout in the event of a death or disability. Ensures business continuity, protects valuation, and avoids disputes among partners or heirs.
Critical Illness Insurance (CI)
Provides a lump-sum payment upon diagnosis of a serious illness such as cancer, heart attack, or stroke. Helps with recovery costs, personal or business debt, or bringing in temporary help.
Wage Loss Replacement Plan (WLRP)
A structured disability income plan that can provide tax-deductible coverage for the business and tax-free income to the employee. A smart way to protect your income if you’re unable to work.
Insured Retirement Strategy
Uses corporate-owned life insurance to build tax-sheltered cash value that can be accessed later in life. A powerful tool for long-term planning and retirement income diversification.
Executive Compensation Insurance
(Split Dollar or Bonus Plan)
Provides tax-effective insurance-based compensation for key employees or shareholders. Used to attract, retain, and reward top talent while aligning with corporate planning.
No matter your stage in life or business, the right insurance strategy offers confidence, resilience, and lasting value. Dowco Financial works with you to design a comprehensive plan that evolves with your needs—protecting your loved ones, your livelihood, and your legacy every step of the way.