Glossary of Services

At TaxWise Insurance Services, we provide strategic, tax-efficient insurance planning tailored to business owners, incorporated professionals, and retirees. Led by Lawrence Nair, CPA, CMA, CFP, our approach integrates insurance with your broader financial goals—supporting pension strategies, succession planning, and wealth preservation. To help you navigate the language of insurance and financial planning with confidence, we’ve created a glossary of key terms and concepts below.

Please inquire for further details or any other service not listed

Glossary of Services

Corporate Life & Health Insurance for:

Loans/mortgages

Buy/sell Funding

Protection of Revenue Provided by Key Personnel

Tax Efficient Business Succession Funding

Group Benefits

Group Retirement Plans

Family Life and Health Insurance for:

Income Protection in case of death

Income protection in case of disability

Cancer, heart attack, stroke and other illnesses

Investment advantage

Estate Planning to pay final taxes, equalize the estate, provide liquidity

Children's Life Insurance for wealth transfer and future insurance needs

Long Term Care in facility or at home

Investments

Segregated Funds

GICs

Payout Annuities

RRSP/RRIF

TFSA

FHSA

RESP

RDSP

Glossary of Services

Corporate Life & Health Insurance for:

Loans/mortgages

Buy/sell Funding

Protection of Revenue Provided by Key Personnel

Tax Efficient Business Succession Funding

Group Benefits

Group Retirement Plans

Family Life and Health Insurance for:

Income Protection in case of death

Income protection in case of disability

Cancer, heart attack, stroke and other illnesses

Investment advantage

Estate Planning to pay final taxes, equalize the estate, provide liquidity

Children's Life Insurance for wealth transfer and future insurance needs

Long Term Care in facility or at home

Investments

Segregated Funds

GICs

Payout Annuities

RRSP/RRIF

TFSA

FHSA

RESP

RDSP

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