Our Products
Strategic Partnerships
We have strategic partnerships with the most reputable and stable insurance companies in Canada. Our insurance platform enables our agents to provide clients with various insurance products and services from well-established Canadian Life insurance companies.
The products available through the platform are Term insurance, Permanent or Whole Life insurance, Universal Life insurance, Critical Illness, Disability and Long Term Care insurance, Annuities and Segregated funds products.
Insurance Strategies
Access to the right products for you
Insurance can make a meaningful difference in your life and in the lives of those who matter most to you. Protecting your financial interests and providing for your loved ones are important actions to take at any stage of your life and career.
Chevron Wealth Preservation and its partners can give you access to the right insurance products for your personal and business circumstances. We have the expertise to assess your insurance needs and recommend the products that best meet those needs.
Insurance Solutions for Your Life and Business
When you hear the word “insurance”, what comes to mind first? Being able to replace your car in case of an accident? Repairing damage to your home when a severe storm hits? Many people consider these things valuable enough to insure while often neglecting what is most important; their own lives, the well-being of their family or the continued success of a business.
From simple to complex, insurance strategies exist that can help you and your family prepare for life’s challenges and preserve the wealth you have worked so hard to build. A life-licensed advisor at Chevron Wealth Preservation can help you determine the best strategy to help protect what you value most.
Here are some of the ways insurance can work for you
Preserve Your Lifestyle
Whether you are single or married, just entering the workforce or planning for retirement, having a conversation about your personal situation with a trusted advisor at Chevron Wealth Preservation allows you to explore risk-management options using insurance. An interruption of income, particularly for an extended period, could significantly impact your life and your future. Having adequate insurance coverage can help replace income that is lost as a result of these or other events, at a time when you need it most.
Enhance Your Income in Retirement
If you are looking for a tax-efficient way to boost your income stream in retirement, consider combining a life insurance policy with an annuity. This proven strategy is especially effective in a low interest rate environment where your net income could exceed that generated by fixed-income products like government bonds and guaranteed investment certificates.
Business Succession and Planning
You have invested a lot of time and effort to establish and grow your business. The business could be at risk if you, a business partner or a valuable employee, dies or is incapacitated for an extended period. When you have “key person” insurance in place, you can be assured that your business maintains every opportunity to continue to grow and thrive, even in the face of a significant issue.
Estate Preservation
When you pass away, there will be taxes, liabilities and other costs related to settling your estate. Through a life insurance policy, your beneficiaries will receive tax-free insurance proceeds that can help offset these costs. Since life insurance proceeds are tax-efficient, it means your heirs will receive more from your estate instead of having taxes erode much of its value.
Download our Insurance Strategies Brochure.
Segregated Funds
Segregated Funds are investment funds that offer a guarantee and are manufactured and distributed by Canadian life insurance companies. The funds consist of professionally managed investment portfolios that offer certain guarantees to the policyholder upon maturity or death. Segregated funds are kept separate from the life insurance company’s general investment funds, hence the name “segregated”.
Chevron Wealth Preservation distributes the following segregated fund products from the most prominent insurance companies from Canada.
Annuities
An Annuity is a financial product sold by life insurance companies that are designed to accept and grow funds invested by the individual. The insurer promises to provide an income stream from the investment that includes interest and principle to the annuitant at a later date. These products are designed to provide a steady stream of cash flow during retirement years. There are two types of annuities, fixed and variable. A fixed annuity will provide a set amount of cash flow to the annuitant for the term of the contract, while a variable annuity can provide larger payments when market returns are higher and smaller payments when market returns are lower. It is important to note that once purchased, the annuity is locked in. There are surrender fees should the annuitant decide to break the contract. Chevron Wealth Preservation offers annuities through our Canadian life insurance company partnerships.