What happens if I live longer than expected?
What happens if I die prematurely?
What happens if I get sick or injured along the way?
What happens if I live longer than expected?
A digital camera takes a moment to come into focus. Only by first assessing the full frame in the viewfinder can it select the right focus for the picture the photographer wants to capture. The whole picture also matters when it comes to your financial goals. We can help you bring your big picture in to focus now, and years later when the scene has changed.
With the many dynamic products and services we offer, we can help you mitigate risk, grow your assets tax-free or tax-deferred, borrow to build wealth and guarantee income for life. Our specialties focus on risk management, wealth accumulation, and tax reduction strategies.
People invest to accumulate assets for many different needs. Whether your need is retirement, buying your first home, funding your child or grandchild’s university education, or saving for a vacation, we can find the right investment type for you.
Segregated fund policies offer death benefit and maturity guarantees. Through these insurance policies, assets bypass the estate and potential probate fees and go directly to your heirs with a named beneficiary. Like a mutual fund, a segregated fund is a pool of money from thousands of investors which professional fund managers invest in a variety of securities. But unlike a mutual fund, a segregated fund policy is only available through an insurance company . See how they can work to potentially guarantee your income for your lifetime, protect your capital investment and bypass estate and potential probate fees.
Mutual funds are a pooled investment in a trust or corporation. They generally have lower fees in comparison to segregated fund policies and offer a wider selection of investment options, including tax efficiency for non-registered plans. For mutual fund information click here.
- We offer the following investment plans
- Registered retirement savings plans (RRSPs)
- Locked-in retirement accounts (LIRAs)
- Registered education savings plans (RESPs) (available with mutual funds only)
- Tax-free savings accounts (TFSAs)
- Investment accounts (Open)
- Registered retirement income funds (RRIFs)
- Life income funds (LIFs)
- Guaranteed interest options (GIO)
What happens if I die prematurely?
Life insurance can be a cost-effective way to help ensure your family’s continued financial well-being. Life insurance proceeds can be used to:
- Help pay final expenses and any debts you may have such as mortgages and loans
- Provide funds for your family to help ensure they have the resources to maintain a comfortable standard of living
- Leave a legacy to your favourite charity
- Help ensure your children will be able to afford to attend college or university
Having the right life insurance protection can have an enormous effect on the people you love and care about. We can help you determine your current and future needs, and show you how your life insurance needs can change over your lifetime.
All these factors help determine the type and amount of life insurance you should buy:
- How much coverage you need
- Your cash flow
- The length of time the coverage is needed
We start by establishing whether you have enough life insurance protection, identifying any surplus or deficit in protection and documenting your financial priorities for the coverage you plan to purchase. We then outline the features and benefits of temporary and permanent life insurance and calculate the lump sum required at death to provide immediate liquidity and also protect future income.
What happens if I get sick or injured along the way?
Lifestyle is usually influenced by income level, and income level is usually contingent on ability to work. If you are unable to earn an income, it may be a significant challenge to meet your primary financial obligations (e.g., ongoing living expenses, debt obligations and mortgage payments, retirement contributions) to sustain the lifestyle you’ve come to enjoy.
Are you willing to liquidate any portion of your retirement savings for the purpose of meeting basic lifestyle needs? If you put five per cent of your income each year into an RRSP, it’s possible that you could wipe out 10 years of savings in just six months. This withdrawal could also affect your financial independence in your retirement years.
Critical Illness insurance stemmed from an idea for an insurance product meant to help financially support patients before, during, and after treatment by providing a lump-sum benefit when a critical condition is diagnosed. The idea was developed by a physician from South Africa, Dr. Marius Barnard.
There is about a 40 per cent chance a person at age 35 will become disabled for 90 days or longer before they reach 65. A female has a one in five chance, and a male has a one in four chance of becoming critically ill during their working career.
Disability insurance and critical illness insurance can help with one of the most fundamental elements of financial planning by protecting your cash flow if you become disabled or critically ill. It can help you meet everyday living expenses and protect the standard of living you are used to.
“Not because you’re going to die, but because you’re going to live.”
-Dr. Marius Barnard
Source: CIA 86-92 Aggregate Table & 1985 Commissioner’s Disability Table A (Experience Table)
