For physicians, business owners and incorporated professionals navigating complex financial decisions.
Consider the financial challenges of medical practice, professional incorporation and protecting your income.
Explore ways to protect the business you are building and prepare for continuity and succession.
Bring personal and corporate financial priorities into focus with a coordinated approach.
Clinical income can depend on your ability to work, while professional corporations, practice obligations and family commitments create additional decisions. A review should consider what happens if illness, disability or death interrupts income or practice operations.
Illustrative situation: A dentist buying into a practice might want to review personal disability coverage, practice overhead obligations and any shareholder agreement before selecting coverage.
A business may rely on a few essential people, concentrated ownership and cash flow that is not easily replaced. Insurance and succession decisions should reflect actual business obligations rather than a generic coverage target.
Illustrative situation: Two shareholders may need to assess whether a buy-sell arrangement has sufficient, appropriately owned funding if either partner dies.
Incorporation can create choices about how to fund protection, retain assets and prepare for retirement. The right approach depends on cash flow, ownership, family circumstances and the advice of your broader professional team.
Illustrative situation: An incorporated consultant approaching retirement may benefit from comparing insurance needs and liquidity constraints before considering a complex corporate strategy.
For broader financial objectives, explore our Financial Planning & Wealth Management Coordination service.
No. Personal protection planning can be relevant whether you are an employee, self-employed or incorporated. Corporate strategies are considered only when appropriate.
Yes. An initial discussion can focus on existing policies, employer or association benefits and potential gaps, subject to access to relevant policy information.
Where useful and with your permission, we can coordinate insurance-related considerations with your existing professional advisers.
Start with a conversation about your goals and the expertise you may need.
