Deepak Gohlan - Insurance Broker

Are You Insuring Your Most Valuable Asset?

Ask the average Canadian what their most valuable asset is, and if you are a homeowner, you would likely say your principal residence. While that is likely true when it comes to something tangible you can buy or sell, it is far from your most valuable asset.
Your ability to earn an income is your most important asset.

This chart illustrates your total earning potential until age 45 based on your annual income and current age. When illustrated this way, you can grasp the significance of how valuable you are.

Your Earning Potential by age 45:
Annual Income At Age 25 At Age 35 At Age 45
$35,000 $2,359,089 $1,536,595 $894,063
$50,000 $3,370,128 $2,195,135 $1,277,233
$65,000 $4,381,166 $2,853,676 $1,660,403
$90,000 $6,066,230 $3,951,243 $2,299,019
$120,000 $8,088,306 $5,268,324 $3,065,359
$150,000 $10,110,383 $6,585,405 $3,831,699

Assumes an annual increase of 2.5%
Now, if due to a prolonged illness or injury you are unable to work, would it make sense to insure your ability to earn an income?
52% of Canadians do not have any coverage through an employer and of the 48% who have a group insurance plan, is that coverage enough to cover your monthly expenses?

Scenarios to consider purchasing individually owned Disability Insurance:
•Uncomfortable with “definition” of disability of your group plan or the fact that your employer is the owner of the plan and can change or cancel it at any time
•A business owner who relies on uninsured income sources like corporate profits and dividends
Have group coverage, however, are unable to insure the necessary amount of income due to plan limits

There are 3 options available depending on your situation:
1.Purchase an individually owned plan that will cover majority of your lost income (can be personal or business income)
2.Purchase an individually owned plan as a top-up for the shortfall of your group coverage (the higher your income the more likely this scenario will come into play)
Purchase an individually owned plan as an offset to your group coverage that can be relied upon should your group coverage end for any number of reasons (premium discounts available)

Group Top-Up Using Individually Owned Disability Insurance:
No Insurance or Group Offset:
Insuring the Full Amount Available Using Individually Owned Disability Insurance.

Have Questions? Contact me:
Deepak Gohlan
Phone / Whatsapp for a Quick quote (647) 551-1467

Individually Owned Life Insurance vs. Mortgage Insurance
When taking out a mortgage with a lending institution you should cover off that debt with an insurance policy. Not all coverage options are created equal. Let’s look at the highlights of the two options available to you.

Control
Individually Owned Term Life Insurance: You own the coverage and choose who receives the death benefit
Mortgage Insurance from Lender: Lender owns the policy and they are the beneficiary

Guaranteed Premiums
Individually Owned Term Life Insurance: Your rates are guaranteed for the life of the policy

Mortgage Insurance from Lender: Mortgage insurance rates are not guaranteed and can increase

Portability
Individually Owned Term Life Insurance: Coverage remains intact if you switch lenders

Mortgage Insurance from lender: You need to reapply for coverage if you move lenders

Level Coverage Amount
Individually Owned Term Life Insurance: Coverage amount stays the same even as your mortgage decreases

Mortgage Insurance from Lender: Coverage declines as your mortgage is paid off. Premiums stay the same

Comfort
Individually Owned Term Life Insurance: Underwritten at the time of application. No surprises at the time of claim

Mortgage Insurance from lender: Underwritten at the time of death

Reach out to me today if you want to explore the benefits of individually owned life insurance.

You can also reach me at www.deepakgohlan.ca or (647) 551-1467

➡️Disability Insurance is cheaper than you think⬅️

Which Job would you choose ?

You have been offered a job and get to pick between two different compensation structures. Which one are you choosing?

Job A - will pay you $80,000/year while working and $0 if you are unable to work due to an injury or illness.

Job B - will pay you $78,500/year while working and $53,000 (tax-free) if you are unable to work due to an injury or illness.

With an Income Replacement Benefit, you create a safety net around you and your family. You own and control the policy and the rates are guaranteed until you turn 65.

This chart illustrates your earning potential during your working years. If you are unable to work due to an illness or injury, you still need a regular monthly income. Put the insurance company’s money to work so your family can maintain the same standard of living.

Your Earning Potential by age 65:

Annual Income At Age 25 At Age 35 At Age 45
$35,000 $2,359,089 $1,536,595 $894,063
$50,000 $3,370,128 $2,195,135 $1,277,233
$65,000 $4,381,166 $2,853,676 $1,660,403
$90,000 $6,066,230 $3,951,243 $2,299,019
$120,000 $8,088,306 $5,268,324 $3,065,359
$150,000 $10,110,383 $6,585,405 $3,831,699
Assumes an annual increase of 2.5%
This strategy works for all income levels and most occupations. If you want to learn more, please reach out to me to discuss further.

Are you looking for the Super Visa Insurance / Visitor Insurance/ Life Insurance. Look no further and you don't need to Shop around anywhere because I have the best plans available for every need and budget.
*** Get to know How much Insurance you need ***
*** You get your Free personalized Quote. ***
*** Professional guidance in choosing the right plan for your needs ***
*** Full support in claim process ***
*** Get the plan you are Eligible for to avoid any claim Hassle during Claim***
Call me at 647-551-1467 for Immediate assistance or connect with me on WhatsApp.

(647) 551-1467

Are you looking for the Super Visa Insurance / Visitor Insurance/ Life Insurance. Look no further and you don't need to Shop around anywhere because I have the best plans available for every need and budget.
*** Get to know How much Insurance you need ***
*** You get your personalized Quote. ***
*** Professional guidance in choosing the right plan for your needs ***
*** Full support in claim process ***
*** Get the plan you are Eligible for to avoid any claim Hassle during Claim***

Call me at 647-551-1467 for Immediate assistance or connect with me on Whatsapp.
https://wa.me/message/K4WGFU4UE4BRO1

Are you looking for the Super Visa Insurance / Visitor Insurance. Look no further and you don't need to Shop around anywhere because I have the best plans available for every need and budget.
*** You get your personalized Quote. ***
*** Professional guidance in choosing the right plan for your needs ***
*** Full support in claim process ***
*** Get the plan you are Eligible for to avoid any claim Hassle during Claim***
Call me at 647-551-1467 for Immediate assistance or connect with me on Whatsapp.
https://wa.me/message/K4WGFU4UE4BRO1

"Peace of mind comes from knowing, Your Family is Protected"

Please contact me for all of your Insurance needs - (647) 551-1467