Orooj Financial
Pre-Retirees / Retirees
Are you a Pre-Retiree or Retiree?

Towards your later years, you may want to cut back on your expenses. Your kids may have left your home to carve out their own careers and you may be on the brink of retirement if you have not done so already.

It may make a huge difference to your peace of mind knowing you have saved enough to continue with the same lifestyle without too many compromises. Retirement can last for much longer than your think. In health emergencies, you should be able to fund and fend for yourself.

It is necessary to take steps long before you reach this phase to make sure your wealth lasts even when your health gives way.

ILLUSTRATION ONLY – YOUR SITUATION MAY BE DIFFERENT – CONTACT A PROFESSIONAL

The Ideal Business Financial Security Protection Portfolio

Protecting your business’s financial security and its value to the next generation is easier than you may think. Compare your financial security plans with this Ideal Portfolio, if money were no object, to see how it compares.

1. A Will, Powers of Attorney and Shareholder Agreement

Know a dysfunctional family? Staff? Sadly, these may be the people who will be fighting over your business one day unless you make your choices legal today. (Check out the Un-Will) Decide in advance how your employees and shareholders are treated and be sure your wishes are respected and everyone knows the ground rules. Keep peace in the family for generations and keep your business growing when you decide in writing.

2. Business Life Insurance Protection

Your business future and your family’s financial security can change drastically in a heartbeat unless you’ve protected them both. Life insurance totalling ten to twelve times your income plus your debts from the business often does the job. Your price depends on the length of time you need it. Insure your key people and business loans too. I well planned corporate life insurance can also provide tax free retirement income.

3. Key Employee Critical Illness Protection

When you, or a key employee gets a tough health diagnosis, you’ll be relieved you have CI. Protect your hard-earned assets and business plus have the money you want to convalesce in peace. Covering three year’s worth of your gross business expenses plus a staff replacement is a great start.

4. Shareholder Disability Buy/Sell Funding

When you are sick or injured and can’t drive company revenue, how will family & business survive? Insure that unexpected moment and have more peace of mind.

5. Business/Professional Overhead Protection

You may have the government help keep the lights on at your business if you are unable to work because of sickness or injury. All it takes is a tax-deductible company check… and you might be able to get half your money back if you don’t use it.

6. Group Health Benefits

A well priced, properly designed group benefits plan helps attract and keep key employees. When you protect their families with valuable benefits, you create a level of loyalty like nothing else.

7. Protecting Personal Assets from Creditors

Creditor protection is a benefit that makes segregated fund (seg funds) products particularly valuable for business owners. A segregated fund can protect investors' personal assets from seizure by creditors, while providing growth potential similar to mutual funds. Asking your legal advisor if having a holding company is right for you.

“Protecting Business Financial Security for Owners who Care”
Key Considerations
RELATED SERVICES
Life Insurance
Critical Illness Ins.
RESP
Our Partners
Testimonial
What Our Customer Say?