Insurance

Protection for You and Your Family

Insurance is an overlooked area in many people's lives. This is surprising since it covers you from capital & income loss and other risks.

We consider insurance integral to protecting the financial health of you and your family. At Banco Management Inc we will assess your insurance needs in the context of an overall wealth management plan. In some cases the existing coverage may be sufficient and in others additional coverage will be recommended.

Taking Steps to Protect What You Own

Protecting your assets often involves careful planning for future events using insurance and other strategies. In the event of your death, you want to avoid having a tax burden and probate/legal fees be part of the inheritance you pass on to your child, grandchild or favourite charity.

There are many insurance products in the marketplace designed to accommodate specific objectives. Banco Management Inc will work with you to choose which is most suitable for your circumstances.

Some important types of insurance are:

Disability insurance, a form of health insurance that provides a source of income and/or medical home care in the event that you become disabled through an injury or sickness.
Critical illness insurance, which offers lump-sum financial protection should you contract one of 24 critical illnesses.
Life insurance, which is designed to secure your family's financial future, by providing them with some replacement income, covering your remaining debts and expenses or to offset a final tax bill. Life insurance has come a long way and can also be used to effectively achieve a host of other financial goals, such as grow your assets tax free, save for the future or provide a legacy for your beneficiaries.

At Banco Management Inc, we review and implement strategies to protect your assets today and well into the future. Leveraging an extensive network of professionals, we can access expertise in the areas of family law, reporting and tax requirements, mortgages, real estate etc.