At CHF, we don’t believe in a one-size-fits-all solution when it comes to risk management. Working closely, we help you identify your goals and gaps in your financial plan in order to mitigate risk and protect against the unexpected, then develop a tailored strategy to meet your business or personal needs.

It can be hard to convince people that life insurance is money well spent. In fact, the only thing more frightening than the prospect of a loved one dying unexpectedly is someone trying to sell you insurance on the pretext that it may happen. Yet, protecting your assets is an essential part of risk management and your comprehensive financial plan.

Did you know that 80% of Canadians are considered to be underinsured, and 1 in 7 people die before their working lives are over (before age 65)? So, risk management and asset protection are truly important and just make responsible sense.

Three things can happen: we can live too long (outlive our money), die too soon (with $$$ leftover), or get sick/become disabled along the way. CHF is here to protect you and your family in the event of the unexpected.

Why would anyone need insurance?

  • Protect your family i.e. mortgage or debt
  • Protect your income
  • Preserve an estate
  • Take advantage of tax sheltering


Affordable, Flexible Term Insurance Risk Management

Whether you are looking to protect your family or your business, Term life insurance offers affordable and flexible protection you can customize to meet your temporary and growing needs. You can choose term life coverage that protects you for 10 or 20 years or until you reach age 65 or age 100.

Who is the term best suited for? Term coverage is designed for short-term goals i.e. mortgage, income replacement, child needs, etc.

Combined Universal Life Insurance Risk Management

Designed to meet both your life insurance and investing needs, Universal Life combines long-term insurance protection and tax-advantaged investing in one single, customizable policy. Whether your goal is to protect the legacy you’re building for your loved ones or to build additional wealth over time, Universal Life insurance can help you:

  • Leave proceeds to your loved ones - tax-free
  • Further your estate planning
  • Build tax-deferred equity and accessible cash value over time (may be subject to taxation)
  • Establish financial collateral for a bank loan
  • Provide key person insurance coverage for your business (business continuity)

It’s important to note that as the client you choose the risk management investment allocation, and if there are sufficient funds in your investment account, you can contribute as little as zero, or up to the maximum allowed in any given year within the CRA guidelines.

From how you want to invest, to how you pay for your insurance, to how much or little you want to invest, Universal Life insurance offers a variety of simple coverage options that can be customized to meet your financial planning and risk management needs.

Who is UL best suited for? Clients who have reached financial maturity. Clients who are comfortable they have created enough assets for themselves and are now thinking about how to transfer it to the next generation.

Participating Whole Life Insurance Risk Management (PAR)

Whole life insurance offers guaranteed, reliable coverage to last your entire lifetime. Whole Life is ideal for both your personal and business needs; it provides permanent protection you can count on and guaranteed cash values that grow over time. Whole Life coverage highlights include:

  • The policyholders participate (PAR) in the profit sharing of the insurance carrier.
  • Investments are pooled and managed by the insurance company.
  • Whole Life can work well when a client is planning to overfund and wants both estate benefits and stability.

Who is Whole Life best suited for? Clients that are comfortable with single digit, stable returns, and comfortable with more of a passive insurance risk management investment strategy.


Critical Illness Insurance Risk Management

Critical illness insurance helps cover the unexpected costs and potential loss of income associated with a serious illness. From the costs of medicine and treatment, to travel, specialist and home accommodations, treating and recovering from an illness can have a devastating financial impact.

Plus, if you’re unable to work during your recovery, the impact is even greater.

With critical illness insurance, if you become sick with one of the conditions covered by your policy and satisfy the waiting period, you receive a tax-free cash benefit. You can then use the funds as you wish.

Trauma insurance provides a one-off payment when a person is diagnosed with or suffers a major illness (for example cancer or a heart attack).

Disability Insurance

Most of us don’t hesitate to insure our homes, vehicles, or businesses, but our most important asset is often our income.

Disability insurance helps protect your income if you become disabled and can’t work. An individual disability insurance plan can help you meet your income requirements, so you can concentrate on recovering and returning to an active life.

Whether you need to secure your main source of income or supplement the coverage you receive from your employer or an association, Disability coverage can help by providing a comprehensive you can rely on throughout your working years.

Income Protection Insurance pays you an ongoing benefit if you’re unable to earn an income through accident or illness. Income protection is an absolute necessity if you have debts such as a mortgage or business loan. Your ability to earn an income is your most important asset — so don’t leave it unprotected!


Business & General Protection

As a business owner or manager, you do everything possible to ensure your business succeeds. Protecting everything you’ve worked so hard to build is so important – even if something happens to you. There are a number of ways insurance can be used to address the specific challenges business owners face, and the good news is that it’s more affordable than you might think. At CHF we:

  • Specialize in helping business owners and managers implement a strategy – using risk protection – to support the continued success and ongoing viability of their business.
  • Specialize in working with small, early-stage, and start-up businesses to free up time and save them money.
  • Work with you to maximize cash flow & bottom-line efficiency, while protecting your employees, co-workers, and most valuable assets.
  • Work hard at understanding our clients’ business, its culture, and its risk tolerance.

Key Person Insurance

Business owners and other key executives spend considerable time and effort to acquire the knowledge, experience, judgment, reputation, relationships, and skills that make them valuable to the business. The loss of an owner or key personnel whose contributions are integral for a business’ success can be devastating.

It can result in a drastic loss of profit, customer base, and even reputation. Protecting your business against such risks is often a prudent step toward business continuity while addressing the concerns of your key stakeholders.

The impact of this situation can be considerably reduced if the business has purchased an insurance policy on the life of the business owner and/or key executives. If they die, the life insurance proceeds give the business working capital to meet immediate cash needs and provide a source of funds for finding, attracting, hiring, and training a replacement for the deceased executive or to hire interim management.

CH Financial uses a holistic approach to wealth management, centered on a solid financial plan, and paired with risk management not only seeking to maximize returns but also to mitigate risks through insurance strategies and long-term tax minimization. All of these are tied together to ensure the long-term financial health and well-being of each of our clients and their families.