Our Services at Scoskuner-Wealth Solutions

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Life insurance is one of the most important tools in any financial plan. It provides financial security for your loved ones and creates a foundation for long-term protection, wealth planning, and peace of mind.

There are two main types of life insurance: term life and permanent life. Term insurance is designed to provide protection for a specific period, while permanent insurance — such as Whole Life and Universal Life — offers lifelong coverage along with tax-advantaged cash value growth. This cash value can be accessed through policy loans or withdrawals, making permanent life insurance a powerful financial and estate-planning tool.

For business owners, life insurance can also be owned by your corporation. Corporate-owned life insurance is one of the most effective planning strategies available in Canada, helping to protect the business, manage taxes, and transfer wealth in a highly efficient way.

At Scoskuner Wealth Solutions, we help you choose the life insurance solution that fits your personal, family, and business goals — so you can protect what matters most today and build a meaningful legacy for tomorrow.

Life insurance doesn’t only protect your family — it can also support you while you are alive, when you may need it most. Living benefits such as Disability Insurance, Critical Illness Insurance, and Long-Term Care Insurance are designed to protect your income, your lifestyle, and your financial independence if illness or injury interrupts your ability to work or live fully.

These coverages can provide replacement income, lump-sum payments, and financial flexibility — giving you the freedom to focus on your recovery, your family, and the things that matter most, without added financial stress.

At Scoskuner Wealth Solutions, we take the time to understand your life, career, and priorities. We carefully design and personalize your living benefits by selecting the right coverage and adding appropriate riders to your life insurance strategy — creating a plan that protects both your future and your peace of mind.

Life insurance is no longer just a tool for income replacement — it has become a powerful and sophisticated strategy for wealth preservation, intergenerational planning, and long-term tax efficiency. As wealth grows through real estate, business interests, and investment portfolios, the strategic use of life insurance plays an increasingly important role in protecting and transferring that wealth.

Life insurance provides far more than a death benefit. It offers tax-free liquidity, helps preserve estate assets, supports charitable giving, and creates the financial flexibility needed to ensure your family’s wealth is passed on smoothly and fairly across generations.

High-net-worth families and business owners often face complex estate planning challenges, including potential tax exposure, unequal asset distribution, and the transition of a family business. These issues require more than conventional solutions — they require thoughtful, customized planning.

At Scoskuner Wealth Solutions, we work closely with your accountants, lawyers, and professional advisors to design insurance-based estate strategies that align with your goals, protect what you’ve built, and help create a lasting legacy for those you care about most.

Life insurance plays a critical role in ensuring the continuity of a business in the event of the death or disability of a key person — whether an owner, top executive, or essential employee.

Corporate Key Person Insurance is a vital part of business continuity planning. The corporation purchases a life insurance policy on the key individual to protect the company and ensure it can continue to operate and thrive despite the loss or incapacitation of that person.

This coverage can help the business manage expenses such as recruitment and training, cover outstanding debts, and safeguard the company’s future.

At Scoskuner Wealth Solutions, we work with business owners to design the right corporate key person insurance strategy, ensuring coverage aligns with your company’s unique needs and provides financial security when it matters most.

Life insurance linked to a Buy & Sell Agreement helps protect businesses by ensuring a smooth and orderly transfer of ownership when a partner or shareholder passes away, becomes disabled, retires, or chooses to leave the business.

This type of insurance provides the funds needed to buy out the departing partner’s shares, allowing the remaining owners to maintain control of the company without financial strain. It is especially important for small and mid-sized businesses, where changes in ownership can significantly affect stability and operations.

By having insurance in place, funds are readily available when they are needed — avoiding the need for loans, the use of company cash flow, or reliance on outside investors at a difficult time.

At Scoskuner Wealth Solutions, we help business owners select and structure the right Buy & Sell Agreement insurance so that all partners and their families have clarity, protection, and peace of mind — no matter what the future brings.

Segregated funds are investment products offered by insurance companies. They are similar to mutual funds in that your money is pooled with other investors and professionally managed, but they also include an insurance component that provides valuable guarantees.

This insurance layer is what sets segregated funds apart. It can protect part or all of your investment value through principal guarantees, including maturity guarantees and death benefit guarantees, and can support a smoother transfer of assets to your beneficiaries. In Ontario, segregated funds are regulated under insurance law rather than securities law. As a result, they are structured as insurance contracts and offer several important advantages, including:

Principal protection, maturity guarantee and death benefit guarantee,
Direct payment of death benefits to named beneficiaries by bypassing probate
Reduced estate-related costs, such as probate, legal, accounting, and executor fees
Enhanced privacy
Creditor protection in certain situations.

Because segregated funds combine professional investment management with insurance benefits, their fees are typically higher than those of standard mutual funds. When evaluating segregated funds, it is important to consider the full range of benefits.

At Scoskuner Wealth Solutions, we help you strategically allocate the appropriate portion of your investments to the right segregated funds based on your needs, as part of a well-rounded wealth and estate plan, ensuring they complement your overall financial goals.