Business Details
44 Years
experience
Trusted Financial Planning & Insurance Solutions
Founded in 1982 by Michael Lecky, a seasoned professional in the financial services industry, our organization has grown to a network of over 100 advisors dedicated to meeting clients' personal and business financial planning needs. As an independent Managing General Agency (MGA), we distribute insurance and investment products from major life insurance companies in Canada, providing unbiased access to high-quality financial solutions. Our commitment to excellence is reflected in our focus on education funding, asset conservation, and comprehensive insurance coverage, including life, mortgage, critical care, and group insurance. We prioritize client-centric approaches, offering tailored savings and investment plans, employee benefit programs, and retirement solutions. Our expertise extends to segregated funds with maturity guarantees, tax-free savings accounts, and critical illness insurance, ensuring clients can protect income and create wealth.We emphasize transparency, with advisors helping clients navigate term and permanent insurance options, universal life policies, and disability coverage. Our services cater to individuals, families, and businesses seeking to attract top talent through competitive group benefits, including health, dental, and retirement plans. We operate under core values of mutual benefit and partnership, aiming to empower clients to build, conserve, and maintain wealth. With decades of experience and a focus on evolving client priorities, we provide flexible financial strategies, including limited pay options and guaranteed insurability riders. Our mission remains to deliver personalized solutions that address both immediate needs and long-term financial freedom.
Services
Life Insurance
Investment Funds
Employee Benefits
Critical Illness Insurance
Disability Insurance
Financial Planning
Retirement Solutions
Group Insurance
Segregated Funds
Education Funding
Details
- Year established: 1982
Highlights and features
- We have over 40 years of experience in Canadian financial services since 1982.
- Our independent MGA status ensures unbiased access to top insurance products.
- We offer comprehensive solutions including life insurance, investments, and group benefits.
- Our team of 100+ advisors specializes in personalized financial planning.
- We provide innovative retirement strategies and tax-efficient investment vehicles.
Services
Life Insurance
We offer comprehensive life insurance solutions including term, whole, and universal life policies. Our products protect beneficiaries with tax-free cash benefits for funeral costs, debt repayment, or lifestyle maintenance. Term insurance provides affordable coverage for specific periods with options for renewal and conversion, while permanent insurance offers lifelong coverage with cash value accumulation. Universal life combines insurance with investment components for flexible premium payments and tax-sheltered growth.
Investment Funds
Our investment services include registered retirement savings plans (RRSPs), tax-free savings accounts (TFSAs), and segregated funds with maturity guarantees. Advisors help clients build retirement portfolios through life income funds, locked-in accounts, and education savings plans. We offer guaranteed minimum withdrawal benefits and strategies for high-income earners seeking tax-efficient savings solutions tailored to individual financial goals.
Employee Benefits
We design comprehensive employee benefit programs for Canadian businesses, including health, dental, life, and disability insurance. Our solutions help employers attract talent with supplemental coverage beyond public healthcare, featuring travel medical insurance, critical illness riders, and retirement matching plans. Services include customized group policies for small businesses in Toronto to large corporations nationwide, with tax-deductible premium options.
Critical Illness Insurance
This coverage provides tax-free lump sums up to $2,000,000 upon diagnosis of conditions like cancer, heart attack, or stroke. Benefits address treatment costs, lost income, and home modifications, with features including premium refunds at policy maturity. Policies cover 85% of first heart attack survivors and 75% of stroke survivors, addressing Canada's high cancer incidence rate with flexible use of funds.
Disability Insurance
Our disability policies replace up to two-thirds of income with tax-free monthly payments during illness or injury. Features include partial disability benefits for reduced work capacity, presumptive benefits for total disability cases, and flexible elimination periods. Coverage applies to professionals, business owners, and employees, addressing Canada's 14.3% activity limitation rate with benefit periods up to age 65.
Questions
What financial services does Alliance Financial Group offer?
We provide life insurance, investment funds, employee benefit programs, critical illness coverage, and disability insurance tailored to individual and business needs.
Do you offer group insurance for small businesses?
Yes, we provide customized employee benefit plans for businesses of all sizes, including small businesses in Toronto and across Canada.
What makes Alliance Financial different from other advisors?
As an independent MGA since 1982, we offer unbiased access to major insurance providers' products with personalized financial planning strategies.
Can I get critical illness coverage with pre-existing conditions?
Coverage depends on medical underwriting, with policies typically requiring 30-90 day waiting periods before benefits apply.
What retirement planning options are available?
We offer RRSPs, TFSAs, life income funds, and locked-in retirement accounts with tax-efficient withdrawal strategies for Canadian clients.