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Your Alberta farm is your life’s work. We believe in taking the time to get to know you and your farm operation and find out precisely what coverage you need.

We know that a large commercial farming operation's needs are far different from those of a hobby farm and that poultry or dairy farmers need additional coverage than produce or hog farmers. Our Financial Advisors know precisely what to look for and will conduct a thorough review of your property to ensure that you are getting the quote for the insurance you need. Preservation of your assets begins by protecting them.

Insurance policies protect your family from certain risks and are critical to preserving your wealth and family farm. To see if your coverage is sufficient and appropriate, we regularly review insurance coverages to help ensure our client’s net worth is protected. We realize life evolves, and your needs change; our team will proactively suggest adjustments when they do.

We offer coverage for:

Eliminating debt after the death of an individual can be vital for the financial stability of the survivors.

The death of an adult family member has significant financial consequences for the surviving family members as it generally means the loss of income. Insurance can indemnify (compensate for) this risk by replacing lost income and is generally the most cost-effective means of doing so.

In addition to debt planning and family security, other financial consequences can arise on the death of a family member. This can include taxes, probate fees, time off work for the surviving spouse, etc.

Companies can protect themselves from losses relating to the premature death of a key employee by purchasing a life insurance policy for their shareholders and key employees.

When a shareholder dies, the Buy-Sell clause of a shareholder’s agreement protects the interests of the surviving shareholders and the heirs of the deceased by forcing the sale of the deceased’s shares at fair value. With properly structured life insurance, cash will be available to execute the share purchase on a tax-free basis.

This insurance can stand alone or complement disability coverage by providing a lump sum benefit after the diagnosis of a serious illness.

This income replacement insurance protects an individual if they become unable to work due to an injury or illness.

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Disclaimer

This page may contain several strategies, not all of which will apply to your particular financial circumstances. The information on this page is not intended to provide legal, tax, or insurance advice. To ensure that your circumstances have been adequately considered and that action is taken based on the latest information available, you should obtain professional advice from a qualified tax, legal, insurance, and financial advisor before acting on any of the information on this site.

Contact your Alberta Bilyk Financial advisor for more information.

Protecting Your Alberta Farm’s Future By Helping You Identify Your Financial Needs.

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