Ask the average Canadian what is their most valuable asset it.
Most will not say any tangible assets you can buy or sell.
Earning an Income is your most Important Asset!
You, the farmer, and that of your family's health are your most important asset. As such, they should be managed like any other business asset.
While farmers know the value of their land and property, your ability to earn an income is your most important asset to protect your farm and your family.
Farmers take great pride in their farms, many of which have been in their families for generations. It
Disability Insurance
Individually Owned Disability Insurance
Scenarios to Consider
A business owner who relies on uninsured income sources like corporate profits & dividends.
Have group coverage, however, are unable to insure the necessary amount of income due to plan limits
Uncomfortable with “definition” of disability of your group plan or the fact that your employer is the owner of the plan and can change or cancel it at any time
3 Options Available
1. Purchase individually owned plan that will cover the majority of your lost income (Personal or Business income)
2. Purchase individually owned plan to offset your group coverage - premium discounts available
3. Purchase individually owned plan to top- up a shortfall of your group coverage. (The higher your income the more this becomes relevant.)
Why You Need Life Insurance?
Accidental Death
We understand the importance of your business continuity planning.
That’s why FPHW offers life insurance designed specifically for business owners.
Our Business Insurance Plan can protect your company in case you or your key employee(s) pass away.
The tax-free benefit can ensure your company thrives even if the unforeseen happens.
Accidental Death and Dismemberment coverage is an affordable way to receive a tax-free* lump-sum payment in the event of an accidental death or life-altering injury.
Our accidental death and dismemberment insurance provides up to a $300,000 emergency benefit to the insured or their surviving family.
We understand that there’s enough to figure out when starting or growing your business, and finding comprehensive coverage shouldn’t be an added pain point.
With the many different plans available, business insurance coverage can seem confusing, but don’t let that stop you from getting the coverage that could afford you financial security and save your employees’ livelihood.
Protect your business and your legacy with simple, straight-forward coverage.
Life Insurance - Small Business, Shareholders
Mitigating Business Risks by Using Life Insurance
Business owners have grown by hiring outstanding people. The profitability and success of your company depend on these key people.
The purpose of a key person or key man insurance is to help you recruit, hire and bring this new person “up to speed” in your company using the proceeds of a life insurance policy. In addition, it should cover any decrease in sales and profits through this process.
This type of planning should be considered for anyone who is a business owner, shareholder, partner or key employee of a small business or corporation.
A corporately owned life insurance policy can be used as collateral for a loan, capital for a buy-sell agreement or tax and estate planning for a business owner or shareholders of a corporation.
Our claims advocacy team is also here to help you and your employees throughout the entire claims process to ensure you have filled in the necessary information and enclosed all required documentation, and we always advocate on your behalf to help you get fast claims resolution and maximum compensation you are entitled to.
Health Benefits
Customize your Plan
Book Today with one of our Senior Advisors
Health Benefits Plans
Offering benefits like quality health care can make the difference in retaining good employees. FPHW works with a variety of carrier partners that offer competitive rates, nationwide access and 24/7 customer support. We offer a variety of plans for employer group coverage that fit both small and large groups.
Aside from peace of mind, your farm has access to:
• Group Life
• Optional Life
• Dental
• Extended Health Care
• Disability Coverage
• Critical Illness
• Employee Assistance Program
• Group Retirement Solutions
Coverage is guaranteed renewable.
Health and Dental claims can be submitted electronically and payments are typically processed within 48 hours.
You get an easy-to-use administrative guide and can manage your group online, if you want.
Extended Health, Dental & Prescription Drugs
From basic coverage to fully custom plans for dental, vision, hospital, paramedical, travel medical and Smart Rx Drug coverage.
Our expert advisors will help you build a plan to fit your employees and budget. Plan members can submit claims anytime, anywhere simply by snapping a picture of receipts and submitting in seconds using our free mobile app, or submitting directly through their health care provider.
Get flexible health and dental coverage to fit your business needs – and your budget
Health Spending Accounts
Incorporated farmers across Canada have been successfully using Health Spending Accounts for over two decades.
Take advantage of one of Canada's best kept secrets for farmers.
3 key factors make a Health Spending Account (HSA) an ideal match for an farmer.
Affordability
A HSA is the most affordable means for a farmer to pay for his personal medical expenses.
1. Write off 100% of your personal medical expenses through your business
2. Get cost control and avoid expensive premiums
3. No deductibles, co-payments, or additional fees to join
Full Coverage - A HSA offers 100% coverage.
1. Get a wide and deep range of eligible medical expenses including braces and laser eye surgery
2. Unlike a traditional insured plan, there are few limits to access your benefits
3. Inclusive definition of your dependents
Easy to Use
Health Spending Accounts are designed with a farmer in mind.
1. The claim process is completely online and easy to use
2. No complicated exclusions and conditions on your claims 3. No medical underwriting
Health Spending Accounts have been widely adopted by Canada’s farming community as a viable alternative to traditional health insurance.
Get our free Beginner's Guide on Health Spending Accounts and discover how it will save you and your business money while providing outstanding coverage.
Small Business Insurance
Protecting your Business
Small Business Insurance
Unexpected events happen and people fail to acknowledge that your most important asset is people.
As the owner of your business, what would happen to your company in the event you become unable to work due to a bodily injury or illness?
If you can’t work, your revenue and income is at risk of depleting and your employees risk losing their jobs.
While not mandatory, all types of businesses should have comprehensive insurance to protect all their assets – property and people included.
We make your business our business.
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