Even the best financial plan is incomplete without the right protection. We review your coverage as part of your complete financial picture — not as a standalone sale.
Book a Coverage ReviewMost Canadians encounter insurance through an advisor who sells it. The recommendation flows from the product, not from a full assessment of what you actually need. We work differently.
At Odyssey Wealth, insurance is reviewed as one component of your complete financial picture — alongside your income, tax strategy, estate plan, and retirement timeline. The question we start with is not "what can I sell you?" It's "what would happen to your family if you died tomorrow — or couldn't work for two years?"
A coverage review isn't about selling you more insurance. It's about making sure the coverage you have is the right coverage — and that the gaps we find don't become claims your family can't absorb.
We review what you have. We identify what's missing. We restructure where the structure is wrong. And we do it within the context of your full financial plan — so every recommendation connects to the life you're building toward.
Each type protects a different risk. Most Canadians have one or two reviewed in isolation. Few have all eight coordinated as part of a complete financial plan.
Life insurance is not a single product — it's a category with multiple structures, each suited to different situations. Term, whole life, and universal life all serve different purposes. Most Canadians have one or the other without understanding why, or whether it's the right structure for their stage of life.
Your ability to earn income is your most valuable financial asset — and the one most Canadians leave completely unprotected. Disability is far more likely than death before age 65, and a prolonged inability to work can unravel a retirement plan built over decades. Group coverage is often insufficient, taxable, and ends at departure from an employer.
Critical illness insurance pays a lump sum on diagnosis of a covered condition — cancer, heart attack, stroke, and others — while you are still alive. It covers the financial costs of surviving a serious illness: income lost during recovery, treatments not covered by provincial health plans, and modifications to your life required during recovery.
Provincial health plans leave significant gaps — dental, vision, prescription drugs, paramedical services, and private hospital rooms are typically not covered. Extended health insurance fills those gaps, either through an individual plan when group coverage isn't available or as a supplement when you retire and lose employer benefits.
An annuity converts a lump sum of savings into a guaranteed income stream for a fixed period or for life. For retirees who want certainty — a predictable income floor regardless of market conditions or longevity — an annuity can be the right tool. We help clients evaluate whether an annuity fits their income strategy and, if so, which structure makes sense.
Protects you against unexpected expenses when travelling — medical emergencies abroad, trip cancellation, lost baggage, and travel delays. For Canadians in retirement who plan to travel extensively, a comprehensive travel insurance plan is essential, particularly as provincial health coverage provides limited protection outside Canada.
Covers medical expenses beyond what provincial plans provide — dental care, vision, prescription drugs, doctor visits, hospitalization, and specialist services. Particularly important for retirees who lose group benefits upon leaving employment, and for individuals who need coverage that goes beyond what OHIP provides.
Business owners face protection risks that employees don't. The loss of a key person can eliminate revenue, trigger loan covenants, and leave a business without the expertise that drives its value. Proper business insurance protects the enterprise — and the personal assets tied to it — from risks that personal coverage doesn't touch. Key person, buy-sell agreement funding, business overhead expense, and corporate-owned insurance for tax-efficient wealth transfer.
Insurance gets more expensive and harder to qualify for as you age. A critical illness or disability diagnosis can make some coverage permanently unavailable. The coverage decisions you make in your 50s are categorically different from the ones available in your 60s — and those are different again from your 70s.
Getting a coverage review done now, while you're still in the highest-leverage window, is one of the most financially consequential things you can do. Not because we're trying to sell you something — because the math is what it is.
We work with Canadians who want a second opinion on their existing coverage, who have never had insurance reviewed as part of a complete financial plan, and who are approaching retirement and want to understand what happens to their group benefits when they stop working.
Book a Free Coverage ReviewSome clients want a full coverage review as part of their financial plan. Others know exactly what they need and just want the right product at the right price. We work both ways — no plan required.