Business

There are many situations where financial planning can provide fund for the needs of a businesses. With the right financial planning the business can be protected from dissolve in the event of the death or disability of the shareholders or key person.

The funding needs covered include the following:

Health and Dental plan for employees and Individuals

A group benefits package not only helps to attract the right talent for your company—it also helps to retain employees and protect your investment in case an employee becomes sick or injured. We custom design benefit programs that will help alleviate the costs of health, drug and dental care services. It is important for a […]

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Health and Welfare Trust

Health and Welfare Trust (HWT) is a plan that facilitates self-employed individuals and incorporated companies through paying their health and dental expenses in a tax-effective and cost-efficient manner. Health and Welfare Trust works very differently than traditional group or individual health and dental insurance programs. In this innovative benefit package, no ongoing monthly premium payments […]

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Executive Compensation

Another business use of life insurance is in situations where an employer is interested in providing an employee with a supplementary benefit package. Supplementary benefit packages are often used by employers as a means of attracting executives. These packages offer a wide assortment of benefits that may include life insurance protection. The life insurance protection […]

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Wealth Creation

Often the retained profits or surplus cash of a business, whether an operating company or an investment holding company, are invested in GIC’s, or taxable investments, and are not paid out to the shareholder. However, these taxable investments may not be the most advantageous way for the corporation to invest its’ retained profits. Instead profits […]

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Key Person Funding

Key person insurance protection involves the use of life insurance to create immediate working capital for a business to meet immediate cash needs and to find a replacement in the event of the death of a business owner or a key executive.

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Business Loan Protection

Business loan protection involves the use of insurance to create immediate working capital for a business to repay business debts in the event of the death or disability of a business owner or other key executives.

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"Niklife Financial is a customer oriented business. Mahshid knows the market, she is willing to listen to customer needs and provide the best solution fast and efficient."
— Sadaf Nezafatkhah, P.Eng., MBA, MASc