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    ISLAND SAVINGS WEALTH MANAGEMENT

    LIFE INSURANCE — FOR TODAY AND FOR YEARS TO COME

    Insurance can help protect you, your family and your wealth. Many of the insurance options we offer can become an integral part of your estate plan.

    Our insurance experts can help you select a policy best suited to your needs.

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    Every life has a value and is worth protecting. Life insurance can help you create an estate for your loved ones, or preserve the estate you've worked a lifetime to build. 
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    WHY DO YOU NEED IT?

    • Protect your loved ones by paying off debts
    • Cover funeral expenses
    • Provide for your family, pass wealth and save taxes
    • Provide for your loved one's education expenses

    WHEN DO YOU NEED IT?

    • Around a major life milestone, such as getting married, having kids, buying a house
    • Once anyone financially depends on you
    • When reviewing your financial plan


    WHAT TYPE SHOULD YOU GET?

    Our insurance experts can help you select a policy best suited to your needs.

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    TERM LIFE INSURANCE

    Term Life insurance is designed to provide you with insurance protection for a set period of time, at an affordable price. It provides your beneficiaries with the amount specified in your policy, tax-free, if you pass away while the policy is in force.

    In the event of your death, term life insurance can help:

    • Replace lost income.
    • Provide security for your family (create an estate for heirs).
    • Pay off any debt you leave behind (i.e. mortgage, loans, bills).
    • Provide funding for your children's education.
    • Make a contribution to the charity of your choice.
    • Ensure the continuation of your business.
    • Protect your business against the loss of its key employee.

    How does it work?

    You choose a guaranteed death benefit amount that will be paid to your beneficiaries (tax-free) when you die Term insurance is ideally suited to covering major expenses, such as paying down your mortgage and raising children. Choose from policies of various term lengths, 5, 10, 20 years, or even until age 75, so you get the term and benefit amounts that best suit your needs.



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    PERMANENT LIFE INSURANCE

    Permanent Life insurance or Whole Life insurance can be a good choice when you want to:

    • Make sure that the costs of your final medical bills and funeral will be covered.
    • Ensure your spouse will have sufficient cash after you die and/or your pension is diminished.
    • Guarantee that your children will have an inheritance.
    • Have premiums that are fixed at the time you take out the policy.
    • Provide money to pay capital gains or estate taxes so that your beneficiaries can keep assets when you die and not have to sell some to pay the taxes.



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    UNIVERSAL LIFE INSURANCE

    Universal Life insurance can be a good choice when you want to:

    • Protect your family and invest for your future.
    • Combine your life insurance with a flexible portfolio of investment options tailored to your own risk tolerance.
    • Get tax-advantaged investing and increase your wealth by investing money within your policy.
    • Make sure that the costs of your final medical bills and funeral will be covered.
    • Ensure your spouse will have sufficient cash after you die and/or your pension is diminished.
    • Guarantee that your children will have an inheritance.
    • Have premiums that are fixed at the time you take out the policy.
    • Provide money to pay capital gains or estate taxes so that your beneficiaries can keep assets when you die and not have to sell some to pay the taxes.



    LET'S TALK ABOUT THE COVERAGE THAT'S RIGHT FOR YOU
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    Get the peace of mind you need by calling 1-888-597-1083 to connect with a life & disability insurance advisor today.

    Or send us a note and an advisor will reach out to you.


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    Island Savings Wealth Management is a division of FW Wealth Management Ltd. which is a wholly owned subsidiary of First West Credit Union. FW Wealth Management Ltd. is a licensed life insurance agency offering financial planning, life insurance and investments. All insurance products are subject to the limitations, terms and conditions in the applicable policy or insurance contract in force at the time of purchase or enrollment and applicable legislation. The products sold through FW Wealth Management Ltd. are not guaranteed or insured by a deposit insurer.

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    HEALTH INSURANCE

    If your income stops because of illness how long could you pay your bills? Most people think they have enough coverage with their work health plan, but these benefits are typically not enough.

    This is where life & disability or critical illness insurance can play an important part in your financial plan.

    LEARN MORE
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    WE'RE HERE FOR YOU

    Everything is easier with a little help.

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    First West Credit Union