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Importance of Critical Illness Riders With Lump-Sum Payouts (Video)

Updated: May 13, 2023

By Laura Fitzsimons

As a business owner, you likely shoulder the burden of a number of responsibilities at work. Yet what if you were unable to fulfill your duties? Who would help cover them and ensure the business stays successful? Critical illness insurance can not only help you keep your business running, it can also provide significant tax benefits as well. Watch this video to learn if it’s a good strategy for your business.

About Laura

Laura Fitzsimons is an Insurance Advisor at Lifecycle Wealth, a firm providing proprietary insurance solutions to high net worth professionals and business owners in Ontario, Canada. With over 35 years of experience, Laura is passionate about helping affluent Canadians keep more of what they’ve earned so they can spend their money how they want. Laura and her team do this through the Lifecycle Wealth Plan, implementing innovative tax-minimization strategies tailored to each client’s individual needs and circumstances. By working with other professionals and integrating wealth management, risk management, and personal financial planning, Laura strives to help her clients reduce their tax exposure in every stage of life, grow their business, and enhance their lifestyle.

Laura loves empowering her clients with the solutions and ideas that allow them to spend their time and money on what’s most important to them. Laura is a member of the Canadian Association of Insurance and Financial Advisors and has been awarded the Top Canadian Female Producer title with major insurers for the past 20 years. Outside of work, Laura enjoys live music, staying active, and spending time with friends and family. To learn more about Laura, connect with her on LinkedIn.

This publication contains the opinion of the writer. The information contained herein was obtained from sources believed to be reliable, but no representation or warranty, express or implied, is made by the writer, Mandeville or any other person as to its accuracy, completeness or correctness. This publication is not an offer to sell or a solicitation of an offer to buy any securities. The information in this publication is intended for informational purposes only and is not intended to constitute investment, financial, legal, tax or accounting advice. Many factors unknown to us may affect the applicability of any statement or comment made in this publication to your particular circumstances. Hence, you should not rely on the information in this publication for investment, financial, legal tax or accounting advice. You should consult your financial advisor or other professionals before acting on any information in this communication.


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