Oegema, Nicholson & Associates Insurance Brokers Ltd.

Planning for the potential loss of a business owner or partner is crucial to ensuring the prosperity of your business, and protecting the security of your family and the families of each business partner or co-owner.

The protection you need may be obtained through the implementation of a buy sell agreement. The buy sell agreement will specify what will happen to the interests of a deceased owner, partner, or shareholder. Should your company’s buy-sell agreement stipulate that the surviving owners or partners purchase the interests of the deceased, you can use life insurance instead of personal funds or business assets to fund the agreement.

Business owners may wish to purchase a life insurance policy on the life of each co-owner or partner so that funds will be available to complete a buy-out and provide the families of each partner or co-owner a secure source of funds for the value of their interest. Another option is that the business could acquire insurance on the life of each co-owner or partner and then use the insurance proceeds to purchase or redeem the deceased’s interest in the business.

We can help you navigate through the options and build a buy-sell insurance program designed to satisfy your unique objectives.

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Affiliated Organizations



  • “We have had our house and vehicle insurance with OEGEMA-NICHOLSON & ASSOC. INS. BKRS. located at 243 Castor Street in Russell, Ontario, for several years now. The people in the office have always been friendly and courteous whenever we had any queries and, in particular, we want to thank Christopher Lough who has been so helpful in every way. The thing we like the most is when you telephone this office you get a live person answering and not a machine.”-Jerry Gaudry
  • “I’ve been dealing with ONA for over 20 years with my personal insurance, as well as our commercial insurance, and I know I can rely on them for great customer service, and prompt responses. I feel confident not only referring them to my employees, but to our customers as well.”-Charlene Brunet, President, Dan Murphy Ford
  • “ONA helps me with my personal insurance and my business insurance . They are my one stop shop when it comes to insurance and group benefits. I know I’m covered in all areas. Great friendly service and knowledgeable staff!”-James Carriveau, President, Exact Interlock and Exact Properties
  • “I would like to thank Carol for everything she has done for me and my family over the years. It is my honest belief that we would not be in the position we are in if it was not for her guidance, expertise and honesty. We can’t begin to thank her enough.”-Tim
  • “It’s always a pleasure to deal with Oegema, Nicholson & Associates, and I can depend on them for all my insurance needs. I have been a client for several years and whether it’s regarding my personal insurance, or anything to do with our employee benefits or commercial needs, I know I’m taken care of.”-Rhonda, Capital Dodge
  • “I know all my insurance needs are covered with Oegema, Nicholson & Associates. I have been a loyal client for the last 15 years, and I can count of them for my commercial insurance, employee benefits, as well as my personal insurance and finances. Jeff Richer always goes above and beyond to help me with my insurance needs.”– Omkar Atwal, Owner, Leitrim Home Hardware
  • “One call to Oegema, Nicholson Associates is all it took. After our basement flooded, within a day or two they had a crew cleaning everything up, taking down the drywall and itemizing everything to be cleaned, thrown out or restored. They had everything in place for us in a timely manner and were extremely patient with me as they talked me through the process and waited for me to make decisions.”– Jennifer Parks, Stittsville, Ontario