BARRETT WEALTH GROUP | SERVICES
Protect Your
Wealth & Legacy
Preserve what you’ve worked hard to achieve with comprehensive risk management and proactive strategies that safeguard your assets, your family, and your legacy for generations to come.
PROTECTION What Matters
A Sound Financial Plan Begins with a Strong Foundation of Protection
Building wealth is only half the equation. Without the right protection strategies in place, a lifetime of careful saving and investing can be undone by an unexpected illness, premature death, or a long-term care event.
Life insurance is one of the most powerful—and most misunderstood—financial tools available. Whether you’re protecting your family’s income, preserving an estate, or building tax-advantaged wealth, the right coverage can serve multiple critical roles in your financial life.
THE IMPORTANCE OF GOOD INSURANCE
Protection That Goes BEYOND a Death Benefit
Life insurance is a cornerstone of sound financial planning—providing certainty in an uncertain world and enabling families to maintain the life they’ve built together.
YOUR COVERAGE
UNDERSTANDING Your Options
Building Wealth Inside Your Policy
The Power of CASH VALUE
Life Insurance
Permanent life insurance policies build cash value over time—a living benefit you can access during your lifetime, not just a death benefit for your heirs.
Cash value grows on a tax-deferred basis, and policy loans or withdrawals can be taken free from income tax in most situations. For high-income earners who’ve maxed out traditional retirement accounts, properly structured permanent life insurance can serve as a significant supplemental retirement vehicle.
Beyond retirement income, cash value can be leveraged to fund major expenses, provide emergency liquidity, or even be used as collateral—all while your policy remains in force.
Key Cash Value ADVANTAGES
Tax-Deferred Growth
Cash value accumulates without annual taxation, allowing for compounding growth similar to a 401(k) or IRA.
Tax-Free Access
Properly structured policy loans are generally not subject to income tax, offering a unique source of tax-free retirement income.
No Contribution Limits
Unlike 401(k)s or IRAs, there are no IRS-imposed contribution limits on how much you can put into a life insurance policy’s cash value.
Creditor Protection
In many states, the cash value of a life insurance policy is protected from creditors, providing an additional layer of financial security.
YOUR COVERAGE
UNDERSTANDING Your Options
For business owners, high-net-worth families, and those with estate planning objectives, life insurance can be structured in sophisticated ways to serve goals far beyond basic income replacement.
Irrevocable Life Insurance Trust (ILIT)
Placing a life insurance policy inside an ILIT removes the death benefit from your taxable estate, potentially saving significant estate taxes while still providing tax-free proceeds to your beneficiaries or heirs.
Executive Bonus & NQSP
Employers can provide highly valued executives with supplemental retirement benefits through bonus plans or non-qualified deferred compensation arrangements funded with life insurance—a powerful retention tool.
Buy-Sell Agreements
Life insurance-funded buy-sell agreements provide business partners with the liquidity needed to purchase a deceased partner’s ownership interest—ensuring business continuity and fair treatment of all parties.
Split-Dollar Arrangements
Allows two parties—often an employer and employee—to share the costs and benefits of a life insurance policy, enabling premium cost-sharing while providing meaningful protection and wealth accumulation.
Key Person Insurance
Businesses can protect themselves from the financial impact of losing a critical employee or owner by insuring key individuals. Proceeds can offset lost revenue, fund recruitment, or repay business debts.
Charitable Planning with Insurance
Life insurance can amplify charitable giving by allowing donors to make a larger gift to their favorite cause than would otherwise be possible, while potentially creating tax advantages in the process.
Building Wealth Inside Your Policy
Protecting Your Assets
from LONG TERM CARE Costs
One of the greatest threats to a retirement portfolio is the cost of long-term care. A nursing home, assisted living facility, or in-home care can cost well over $80,000–$100,000 per year—and these costs are rarely covered by Medicare for extended periods.
Long-term care (LTC) insurance helps pay for these services, allowing you to preserve your retirement savings and avoid becoming a financial burden on your family. Today, there are several ways to obtain LTC coverage that may fit your financial situation and goals.
Hybrid life/LTC policies have become increasingly popular, allowing you to maintain a death benefit if care is never needed while still providing a meaningful benefit pool if it is.
Insurance Offered Through:
Barrett Wealth Group partners with Experior Financial Group to help give you access to quality insurance solutions as part of your overall financial plan. Through this partnership, you can add life insurance and other protection strategies alongside your wealth building efforts, helping you grow what you’ve built while protecting your future and the people who matter most.
About Experior Financial Group Inc.
Co-founder, Jamie Prickett and CEO, President and co-founder, Lee-Ann Prickett have a combined 30+ years in the financial services industry serving customers.
They have taken the best of the captive companies, the best of the broker world and the best of the network marketing organizations to create a genuinely unique Tri-Brid, Managing General Agency (MGA) that works for both our clients and our agents.
Established in 2014, our 18,000+ team of well trained, state and provincially licensed associates are available across Canada and the USA to assist you with all of your insurance and investment needs. Our associates appreciate the ongoing training and support they receive throughout their financial services career with Experior Financial Group.
Experior Financial Group: headquartered in Guelph, Ontario Canada and Cheektowaga, New York USA. Our Experior Financial Group Executives boast well into hundreds of years of experience in the financial industry. Experior Financial Group Representatives receive a high level of training, ongoing support and mentoring from our hands on Executive Leaders ensuring that our clients receive superior solutions.
We have become known across the country as one of the fastest growing MGA’s in Canada and we have expanded into the USA to bring this unique model south of the border. Experior Financial Group is also a proud member of CAILBA.
Experior Financial Group's Core Values
Core values are the fundamental beliefs of a person or organization. These guiding principles dictate behavior and can help people understand the difference between right and wrong. Core values also help companies to determine if they are on the right path and fulfilling their goals by creating an unwavering guide.
When choosing a company to work for or an expert to help you, it is important your core values align.
If your gift is serving others, serve them well. If you are a teacher, teach well. If your gift is to encourage others, be encouraging. If it is giving, give generously. If you have leadership ability, take the responsibility seriously. And if you have a gift for showing kindness to others, do it gladly.
Strategic Alliance Overview
Experior Financial Group and Associate Owners Group Inc. (AOG) have announced a strategic alliance that brings AOG officially into Canada through Experior. This partnership creates unprecedented value for agents and positions the combined entity for North American market leadership with a three-year IPO readiness target.
Take the Next Step
Let's Build Your Protection Strategy
Every family’s needs are different. Our team will work with you to design a comprehensive protection plan that fits your unique goals, budget, and legacy objectives.
Together, we’ll create strategies to build your financial foundation, protect what matters most to you and your loved ones, and ensure you have the freedom to enjoy the life you’ve worked so hard to create.
Trusted Wealth Management
Monday–Friday: 9.00 AM to 5.00 PM
Saturdays: Upon Request
Important Info:
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Principals of [DBA] are Investment Adviser Representatives (“IAR”) of Your IA, LLC, and licensed insurance agent in [List States]. Investment advisory services and insurance services are offered through separate entities and are governed by different regulatory authorities. When offering insurance products, DBA is compensated by commissions paid by the insurance company, which creates a financial incentive to recommend certain products. Commission amounts vary by product and carrier. Your IA, LLC does not sell insurance products, is not affiliated with any insurance carrier, and does not receive compensation from insurance sales unless otherwise disclosed in writing. Your IA, LLC is an investment adviser registered with the U.S. Securities and Exchange Commission. Registration with the SEC does not imply endorsement, approval, or a specific level of skill or training.
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