A financial security plan tailored to your needs
There’s a lot to think about when you’re building a financial plan. Sometimes, you need help putting all the pieces together. That’s what we do. Today is a great day to start thinking about your financial plan.
- Where are you now?
- Where would you like to be?
- What’s really important to you?
No matter where you are in life, we can help you find the products and services that are right for you. Whether you’re buying a home, saving for a special purchase, investing for a comfortable retirement or insuring what’s most important to you, we can help you plan for it. Your planning process helps you:
- Understand what financial security means to you
- See where you are now, and how to get you to where you’re going
- Stay on track
Four cornerstones of a solid financial foundation
We’ll help you see the big picture, through four key building blocks.
What will happen when you die?
I’ll go through some important considerations with you – like the expenses involved, charitable giving and what you want for your family.
What would happen if you suffered a significant health event or died?
Having life, critical illness or disability insurance can help you, or those you choose, to manage your expenses.
What will your retirement look like?
I’ll work with you to help build a retirement plan that can give you the income you’ll need after you stop working.
Would you have enough cash saved if your earnings stopped?
Most Canadians haven’t saved the three to six months’ income experts recommend we set aside for emergencies.
The right solutions for you.
We’ll review and monitor your plan regularly, so it works for you today and down the road – wherever that road takes you. I’ll help you choose the financial security products that are right for you.
Investment solutions to help grow your wealth
Insurance solutions to protect you and the ones you love
Life insurance can give you the confidence to know you’re taking care of your final expenses or are leaving a legacy behind. It may even help protect the lifestyle of those you love. Life insurance is important if there are people who depend on you financially. You can use it to help protect the people that you love and, in some cases, grow your wealth.
Affordable coverage when you need it
Term life insurance helps you meet short-term protection needs over a set period of time. It’s ideal if you’re looking for a cost-efficient way to cover large debt for a specific term – for example, a mortgage.
Protection for life
Permanent life insurance provides guaranteed, lifelong coverage that protects the people you care about. It offers cash values that can grow over time to either increase the value of your death benefit or help pay for future goals like an education fund, starting a new business or supplementing your retirement income. There are two types of permanent life insurance: participating life insurance and universal life insurance.
Get the best of both worlds – long-term life insurance and grow your wealth
Participating life insurance provides lifelong insurance coverage and pays the person you choose a tax-free payment when you die. Your policy is guaranteed to grow in cash value as long as you make your payments.
Insurance as adaptable as you are
Universal life insurance combines the benefits of a lifetime insurance policy with a tax-advantaged investment component that you select and manage based on your objectives. It also offers the added convenience and flexibility of adjustable premium and payment schedules.
We all feel invincible until we suddenly aren’t anymore. But you can help minimize the impact an injury or a serious illness has on your plans. Insurance can provide you a tax-free payment if you’re diagnosed with a serious illness or a monthly income if you can’t work.
Coverage when it counts
Critical illness insurance allows you to focus on your recovery knowing you have the money to help with your expenses if you're diagnosed with a serious illness. You’ll get a one-time, tax-free payment you can use for whatever you need. Through your coverage, you can also connect with healthcare specialists.
Protect your paycheque
Disability insurance works when you can’t. It can give you tax-free monthly income to help pay expenses if an illness or accident stops you from working. Not all disabilities are so easily recognized. Chronic pain or a mental health issue can also qualify as a disability.
Keeping you and your loved ones healthy, year-round
As Canadians, we’re fortunate to have public healthcare coverage – but that doesn’t mean your provincial healthcare plan provides all the coverage you need. Health and dental insurance can help pay for prescription drugs, dental, hospital, vision, paramedical and ambulance services. Coverage is similar to a group benefits plan that an employer may offer and is a great option if you’re retiring, self-employed or not eligible for group benefits.
Save for retirement
Registered retirement savings plans (RRSPs) are still one of the most popular ways to save for your retirement. Contributions are tax-deductible and taxes are deferred until you withdraw your money.
Grow your money tax-free
With a tax-free savings account (TFSA), you don’t pay tax on any money earned or withdrawn. You can contribute to a TFSA at any time, and your unused contribution room is carried forward each year. Use these savings for education, a down payment on a home or other large expenses.
Help your kids get a great education
Registered education savings plans (RESPs) offer an effective, tax-free way to maximize the money available to your children or grandchildren when they enrol in a full-time post-secondary program. Parents, grandparents, other family members and friends can open an RESP for a child. As the cost of post-secondary education continues to rise, it’s becoming even more important to start saving early for their future education.
Because there’s no place like home
Whether you’re buying your first home and are looking for flexible payment options or are refinancing to help free up money for renovations, there’s a mortgage designed to meet your needs. We’ll work together with a mortgage professional to find the mortgage that fits best with your financial plan.
Protect your wealth as it grows
Segregated funds invest in a variety of stocks and bonds. They’re different than mutual funds. They offer unique protection features that are only available through insurance companies. They’re a great way to save for your retirement and investment goals.
A flexible way to invest your money
Mutual funds allow you to invest in a portfolio of assets that are managed by professionals. They let you diversify your portfolio more widely than you may be able to do when investing in individual stocks and bonds on your own, and together we can select a fund that gives you the right balance of risk and reward for your financial plan.
Focus on goals, not managing your investments
Managed solutions are a straightforward way to reduce the amount of time you spend on your investments. These are investment portfolios made up of a diverse mix of funds invested in equities, fixed income, cash and other assets. Professional portfolio managers steer the portfolio through shifting market conditions and help protect against extreme market swings.
Let us help you find ways to save, achieve your goals and make sure the money you’ve worked hard for is working for you. Over time, your investments can help contribute to the future you want for you and your family.
Convert your savings into flexible retirement income
A registered retirement income fund (RRIF) is like a registered retirement savings plan (RRSP) in reverse – it requires you take minimum annual withdrawals from your savings to help fund your retirement. Access your money when you need it, for whatever you need it, once you retire.
Your retirement paycheque
Income annuities can help you step into retirement with the certainty of a steady income stream. It’s a simple way to turn a portion of your savings into regular income – for a fixed period or the rest of your life. You can put a portion of your retirement savings, like your RRSP, into an annuity.
Get some help for your retirement
Your workplace pension gives you advantages that can help you save more so you can retire on your terms. It helps bridge the gap between your personal savings and what you need for your retirement. In some cases, your employer may match a portion of what you contribute.
Protect your business
As a business owner, it's important to consider how you can protect your business. I’ve got the solutions that can help keep your business running smoothly if anything happens to you or your partners.
Help your employees build more secure financial futures
Benefits and retirement savings plans can help you attract and retain employees and give them resources to help improve their physical, financial and mental wellbeing. I can help you determine what kind of plan will work for your employees and your business.
Contact us today to learn more!