Mid Park Financial provides our clients with the insurance and investment portfolios necessary to support and protect their financial needs of today and tomorrow.
We achieve this through superior customer service, commitment, innovation and quality advisory practices. The client-advisor relationship is a valued, long-term partnership. We continually provide our clients with the latest products and services to meet their ever-changing financial situations and needs.
We represent a carefully selected group of reputable insurance companies. This allows us to place your policy with the best company for your unique situation, at the most competitive price. Our independence allows us to put your best interests first.
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Life insurance is used to protect the financial security of the people you love most.
A life insurance policy pays a cash benefit, tax free, to your beneficiaries. The amount of money for which you are insured and the type of insurance you buy depends on your needs.
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Term Insurance provides coverage at a fixed rate of payments for a limited period of time, usually 10, 20, or 30 years. If the insured dies during the term, the insured amount will be paid directly to the beneficiary. Term insurance is the least expensive way to purchase a substantial insurance amount over a specific period of time.
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Whole Life Insurance provides permanent, lifetime protection for a level premium. Depending on the plan you buy, whole life insurance spreads the cost of your coverage over the lifetime of the policy or over a defined period of time.
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Universal Life Insurance provides you with an extremely flexible form of life insurance. You can vary your monthly deposit, choose level or increasing insurance amounts, tailor your investment choices all within a tax sheltered account.
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There is a certain comfort in knowing that your life and the lives of your loved ones, will be taken care of in the face of tragedy. Having life insurance and living benefits will give you peace of mind, knowing that you have accomplished that goal.
Here is an overview of a few of the individual products available to you:
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Disability Insurance can provide you with financial security by replacing a portion of your earnings when an accident or illness causes you to become disabled and unable to work or earn an income.
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Critical Illness Insurance is a lump-sum policy benefit paid directly to the insured, tax-free. These proceeds can be used to take a leave from work, or obtain treatment not covered by government plans.
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Long Term Care Insurance adresses virtually all of the expenses of long-term care, either in your own home or in a facility, for periods ranging from a few years to lifetime coverage.
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In Canada we are fortunate to be able to access government funded health insurance, but it only goes so far. Health and dental insurance addresses the voids and protects you and your family against the ongoing and unexpected health care expenses government plans do not.
Mid Park Financial is able to provide you with the convenient experience of purchasing your health and dental coverage directly through our website. If you wish to proceed with this opportunity please click on the link below. You will be taken to a direct sales page, which will guide you through the purchasing process.
Group insurance is a benefits plan in which individual employees or members are included under one 'master policy' owned by their employers. Because the group insurance plan has many participants, the policy often provides coverage for more services at a much lower cost per person than is possible on an individual basis.
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Advantages of Group Benefits: Market Appeal
In a competitive job market your capacity to recruit and retain top quality employees will be enhanced with a comprehensive employee benefit plan in place.
Insurance at a reduced rate
The process of acquiring an individual Health & Dental plan as well as the premium cost associated with implementing them can be daunting. Group plans do not discriminate. They offer all participants the same benefit plan at the same premium rate.
Tax Incentives
Most premiums an employer pays are tax deductible as a business expense.
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Group insurance programs may include:
Health Care Please do not hesitate to contact us with any questions, or to set up an appointment to explore your options. |
Whether you're planning a trip, expecting visitors or visiting Canada yourself, it's wise to have the protection of travel insurance. We offer a variety of plans so that you may select the coverage that best suits your unique travel insurance needs.
Mid Park Financial is able to provide you with the convenient experience of purchasing your travel insurance directly through our website. If you wish to proceed with this opportunity please click on the link below. You will be taken to a direct sales page, which will guide you through the purchasing process.
Most investing strategies choose a diversified mix of investments to find a good balance between risk and return. To determine your investment mix, you should consider your performance expectations, the amount of time you have to reach your goals and the level of risk you are prepared to accept.
We offer a full range of investment products, which include:
GICs
Guaranteed Investment Certificates are secure investments that guarantee the original amount that you invested. Your investment earns interest, at either a fixed or a variable rate.
RRSPs
Registered Retirement Savings Plans are investment accounts that you, your spouse or common-law partner establish and contribute to. Deductible RRSP contributions can be used to reduce the amount owing on your taxes.
RESPs
Registered Education Savings Plans help fund a child's post-secondary education through personal contributions as well as government sponsored grants. Whether you're a parent, friend or family member, your contributions can grow inside this special savings account.
RIFs
Retirement Income Funds are like a Retirement Savings Plan in reverse. Instead of contributing to your retirement savings, you use a RIF to withdraw income for retirement. The untouched portion continues to grow, tax-sheltered.
Annuities
Annuities work like life insurance in reverse. With an annuity, you pay a lump sum up front, and get income back each month over many years.
GMWBs
Guaranteed Minimum Withdrawal Benefit programs allow you to enjoy investment gains while shielding your money from market downturns. When you are ready draw from your investment a GMWB will provide a predictable, sustainable and potentially increasing income for life.
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The investment opportunities we offer are what are known as "Segregated Funds", which provide a balance between security and performance. For a brief explanation of some of the individual investment vehicles we offer, click the links to the left. For more information on the advantages of segregated funds, click the tab entitled "Segregated Funds". Please do not hesitate to contact us with any questions, or to set up an appointment to explore your options. |
A Segregated Fund is actually an insurance contract with two parts: an investment that produces the return and an insurance policy that covers the risk. So when you invest in a segregated fund you become a contract holder. As the owner of the contract, you are entitled to benefits only segregated funds can offer, such as built-in guarantees. This means that segregated funds can minimize your exposure to market downturns.
| Benefits – Mutual Funds versus Segregated Funds | ||
| Seg. Funds | Mutual Funds | |
| Potential Creditor Protection (non-registered) |
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| Death Benefit Guarantee |
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| Maturity Guarantee |
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| Probate Fee Avoidance |
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| Estate Fees Avoided |
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| Privacy |
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| Quick Proceeds at Death |
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Please don't hesitate to contact us - we're here to answer your questions! Office Manager's is Debbie Ruest, and she will be happy to direct your call, fax, email, or letter to the appropriate team-member.
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Telephone
Fax
Email
Address |
For the opportunity to join our team please contact:
Adam L. Munia
Managing Partner
V.P Broker Relations
1-800-588-8042 ext 227
munia@on.aibn.com