Protection Organizations and Coverage Limits for Insurance and Insurance Investment Products
Assuris, a government-regulated organization, provides protection for all Canadian insurance companies. Compared with the $100,000 bankruptcy protection available for bank accounts, assets held with insurance companies can receive coverage of more than 85%, offering greater peace of mind.
As society and the economy continue to develop, and as people become more aware of risk management, the meaning and function of insurance are increasingly recognized. The number of people participating in insurance plans has also been growing year by year.
Insurance does not guarantee that risks will never occur; rather, it provides help and support when risks do arise.
The meaning of insurance is simply to prepare today for tomorrow, to prepare while living for the time after death, for parents to prepare for their children, and to prepare for children’s future while they are still young.
Preparing today for tomorrow is true prudence. Preparing during life for what comes after is true open-mindedness. Parents preparing for their children is true love.
Those who can accomplish these three things may truly be considered modern individuals.
Financial Wisdom has a professional insurance team dedicated to helping you prepare for tomorrow.
From life insurance to travel medical insurance, as well as auto and home insurance, we provide comprehensive coverage for all aspects of your life. Our goal is to ensure that you are well-prepared, properly planned, and able to enjoy a worry-free and peaceful life in Canada.
