Video

Term vs Permanent Insurance

When it comes to life insurance, there are many options available – so many, in fact, that it can be an intimidating process to undertake. Many people are unsure about which option is best in terms of cost, coverage and meeting their goals. That said, insurance can be quickly and easily simplified by dividing it into two broad categories: permanent and term. Each of these insurance categories has multiple variations.

The video below is intended to provide clarity and relieve some of the anxiety associated with choosing the most appropriate insurance option for your situation. If you have questions about insurance options and what would best suit your needs and goals, please contact us – we’d be pleased to answer your questions!



Read More

TFSA Contribution or Mortgage Payment?

The question of reducing debt or contributing to savings will continue to be debated for as long as people plan to retire in Canada.

Of course opting for both: reducing debt and increasing savings is the ideal.  As for which is better, however, really depends on the individuals involved, their goals and feelings and their unique financial situations.



Read More

Estate Maximization

In your lifetime, you’ve worked hard to build assets, some of which you may want to pass along to loved ones or charitable organizations after your death. The following video explains how to use a Life Insurance Estate Maximization strategy in order to minimize taxes and maximize your legacy.



Read More

Individual vs. Mortgage Insurance

Whether you’re a first-time home buyer, or purchasing a vacation property, if you have a mortgage your lender will encourage you to purchase mortgage insurance.

Like every other life insurance policy, a death benefit will be paid if the insured person dies. Mortgage insurance is usually not the most cost effective and flexible way to protect your assets and family. In almost every case there are less expensive policies than those offered by lenders.  The video below explains the difference:



Read More

Who needs retirement planning?

On average, 1,250 Canadians turn 65 years old every single day. Most Boomers were born between 1961 -1965. And people are living longer, much longer. With all of this happening, it’s small wonder that the media, politicians and the financial services business are all talking about retirement. That kind of focus may be good, because of what it means for savings habits and pressures on goods and services. There are a lot of myths we have to be wary of if we want to ensure we have an adequate retirement income that lasts a lifetime.



Read More

What is a Segregated Fund?

t’s a question we hear often – can I guarantee my investment? Well, in a sense, yes – the product you’re talking about is called a Segregated Fund.



Segregated funds, usually referred to as “Seg Funds”, are individual insurance contracts that invest in one or more asset, much like a mutual fund. Unlike mutual funds, Seg Funds provide a death and/or maturity guarantee that protects a portion of invested capital (usually between 75% to 100%).



Read More


Disclaimer

This information is designed to educate and inform you of financial strategies and products currently available. As each individual’s circumstances differ, it is important to review the suitability of these concepts for your particular needs with a Qualified Financial Advisor.