Life is an adventure full of twists and turns, and learning to navigate it can take a lifetime. Unfortunately, that’s a little too late. That’s why starting a financial plan early is so important. Where to begin though? Read our article on the financial planning hierarchy of needs to learn more.
Starting and running your own business can be both exciting and terrifying. Every day provides opportunities and challenges and you never know what each morning will bring. If you are a business owner and don’t have the right insurance plan in place because you’ve been so busy trying to grow your business, then there’s an opportunity waiting for you right now.
In addition to providing protection and mitigating risks, business insurance can also provide opportunity when it comes to building your business. For example, did you know that a life insurance policy can be used as collateral for a bank loan? It not only protects shareholders, family members, key persons to the business, and the corporation itself, it opens up new doors. Just imagine what you can do.
Take a look at this short video to learn more then reach out to your advisor to see what plan is best for you and your business.
To learn more read our article on How Insurance Provides Security – and Opportunity – for your Business
In May 2017, the Canadian parliament passed the Genetic Non-Discrimination Act (GNA) – formerly known as Bill S-201. This Act, meant to prohibit and prevent discrimination, states that genetic test information can no longer be requested or used in rendering underwriting decisions. How this bill will impact underwriting and product pricing remains to be seen.
Your life, your family and your business deserve protection and if you’re a business owner, insurance can provide that security in a number of ways that may surprise you. It can also provide opportunity to help build assets – and your business – in a tax-effective way for your retirement or estate plan.
You and your spouse may share a bank account, a home, or a business. How about an insurance policy? There are good reasons to consider joint insurance coverage – commonly known as ‘joint last-to-die’, a single contract based on the lives of two or more individuals. This type of coverage makes sense when the individuals insured share a common liability that will only arise upon the death of the second person, usually a spouse. Compare this to single life coverage which is based on the life of one individual and provides funds on death to cover an immediate need – an appropriate form of insurance coverage for many.
Whether your retirement is years away or just around the corner, it’s important to ensure your investments reflect your goals and risk tolerance. Exposure to the equity markets can add value to your portfolio during an upswing but can leave you vulnerable to loss if safety and security are important to you. Consider segregated funds – many Canadians have never heard of them yet they have been around for over 50 years.
Watch this video to learn about the benefits and growth potential of segregated funds so that you can explore all your options and achieve the right balance for your retirement.
Create a financial plan for you and your family – contact your advisor today.
Does your family run a business? If so, your family enterprise is one of more than 880,000¹ in Canada employing 6 million² people and accounting for a 60% contribution to Canada’s GDP³. As you can imagine, your family enterprise is critical to Canada’s economic and social well-being.
When considering the purchase of insurance, the various available options can be a bit perplexing and stressful. Your advisor’s role is to analyze your particular situation and help you choose the best combination of coverage and payment options. They will also take you through the insurance company’s information gathering and underwriting process so you’ll know what to expect and how long it may take.
Watch this short video to learn about your options and the process of purchasing a policy that’s suited to your specific circumstance.
To create a financial plan for you and your family, contact your advisor today.
There are many categories and variations of insurance plans. Your advisor’s role is to analyze your particular situation and help you choose the best combination of coverage and payment options. The various available options can be a bit perplexing but to simplify it – there are two main types of insurance: term and permanent. There are pros and cons to both but your advisor can help you make the right decision for your specific situation.
Watch this short video to learn the difference between Term and Permanent life insurance and more about other categories of insurance such as Living Benefits, Critical Illness, Long Term Disability, and Long Term Care.
To discuss which plan and product best meets your needs, contact your advisor today.
Life changes. In fact, change is a part of everyday life – a new career, a growing family, a health challenge, a new business opportunity, and so on. A key ingredient to securing financial success throughout your lifetime is your insurance. It provides financial protection for you and the people you care about. If faced with an unexpected illness, disability, or even death, insurance gives you options to cover your family’s ongoing living expenses and can help you build up a nest egg while it protects and grows the assets you can then pass on to your heirs.
Watch this short video to learn about why insurance is important to have.
To secure your financial well-being, contact your advisor today.