At MBI Financial, we understand the needs and challenges of business owners, from attracting and retaining valuable employees, protecting your business and personal assets, and planning for succession.

Group benefit plans and Private Health Services Plans (PHSP’s) are great ways to offer financial protection for your employees and their families and create a healthier work environment.  Group benefit plan types can range from life and health benefits to full plans with disability and dental coverage.  A private health services plan covers only medical and dental expenses allowable under CRA Guidelines and works differently in that there are no ongoing premium payments, however there are administration costs to setting up and maintaining the plan.  Both of these types of plans can provide tax-efficient compensation to your employees and are tax-deductible business expenses.

Various types of investment products can offer protection to your personal assets – for instance, segregated funds may offer creditor protection when named beneficiaries are designated. 

Business owners may require more complex insurance needs to account for business overhead expenses, buy-sell arrangments or key person insurance when death or disability strikes.

When the time comes for business owners to leave their business – either through sale or business succession, we can provide insight and planning to ensure the desired results are achieved.