Erik Bloomquist
Insurance Advisor
A long-time client passed away from a heart attack while at work. There were no warning signs prior to the event. His wife’s comment after I delivered her life insurance cheque was, “He took care of me.” It sounds cliche but it was another reminder of the importance of what of I am doing and how I am helping people with their business or family needs.
A developing niche is the Critical Illness insurance market where a Flexible Refund of Premium feature can be built into a client’s policy. The husband of a claimant told me how the tax free proceeds from his wife’s CI policy, “saved their bacon”, while his wife recovered from a serious illness. He is a business owner and had to take a lot of time off work to care for her.
My portfolio of clients includes a wide variety of business owners as well as a block that services a range of personal and family insurance needs.
One of the key services I provide for business owners is putting together the funding for buy-sell agreements. Sometimes the funding mechanism is overlooked and when it matters most, the buy-sell agreement cannot be executed as planned.
I have been licenced for 25 years and am based in Kelowna, B.C.