Wealth well planned.

FINANCIAL SECURITY & PEACE OF MIND

A collaborative process whereby legal, tax, insurance, and investment professionals work together to create a financial success roadmap for clients. Utilizing appropriate services provided by licensed professionals.



FAMILY. SECURITY. WEALTH.

PERMANENT LIFE INSURANCE

Typically, permanent life insurance combines a death benefit with a savings portion. Death benefit meaning the gross amount of any payment made on or after death.

Combining the two allows policies to build cash value, while still being able to withdraw cash to help meet needs like paying for a child’s college education or covering medical expenses.

There are two types of permanent life insurance, ‘whole’ and ‘universal’. Whole life insurance offers coverage for the entire lifetime of the insured and its savings can grow at a guaranteed rate.

Universal life insurance offers a savings element and a death benefit, but offers different types of premiums and earns.

TERM LIFE INSURANCE

When a term policy is active, and the insured passes away, a death benefit will be paid. When you compare term with permanent life insurance, cost is initially much less in a term life insurance policy.

Unlike most types of permanent insurance, term has no cash value and has many different types of policies available. Many policies offer “Level Term” policies, which offer premiums for the duration of the policy, such as 10 years for example.

Premiums for level term policies remain level for a set number of years, and after this time, the premium increases significantly. ‘Premium’ means the amount of money that an individual or business must pay for an insurance policy.

Finally, most term policies allow you to convert to a permanent policy regardless of any changes in the insured’s health.

DISABILITY INSURANCE

Protect Your Income and Your Lifestyle.

Your provincial health plan can help with the medical bills.

But to replace lost income, you need disability insurance.

CRITICAL ILLNESS INSURANCE

To put it simply, critical illness insurance is designed to help pay costs associated with life-altering illnesses.

In the event of a big health emergency such as cancer, heart attack, or stroke, critical illness insurance would provide you with additional funds so you can focus on your health and not your finances.

Many people assume they’re fully protected with a standard health insurance plan, but the outrageous costs of treating life-threatening illnesses are usually more than any plan will cover.

Individuals and business owners can choose to receive all their money back if no health concerns arise in roughly 15 years.

SEGREGATED FUNDS

Additional insurance protection for your investments.

A segregated fund policy includes both a maturity guarantee and a death benefit guarantee.

These guarantees range from 75% to 100% of your principal investment, depending on the guarantee option you select.

INDIVIDUAL PENSION PLAN

The IPP is a registered retirement plan intended for one person.

It is a defined benefit plan, which means that you know in advance the amount you will receive upon retirement.

The plan is sponsored by an incorporated business for its owners or executives.

CORPORATE ASSET TRANSFER

The idea is simple: the Corporate Asset Transfer Plan allows business owners who hold passive investment assets in their businesses to transfer a portion of these assets into a tax-exempt life insurance policy to cover their insurance needs and to benefit from the tax-deferred growth within the policy.

RESP

Registered Education Savings Plan (RESP) is a dedicated savings plan to help you save for a future student’s post-secondary education.

RDSP

Registered Disability Savings Plan (RDSP) helps parents and others save for the long term financial security of a person who is eligible for the disability tax credit.

TFSA

Tax-Free Savings Account (TFSA) is a way for individuals who are 18 or 19 (differs by province) who have a valid social insurance number to set money aside tax-free throughout their lifetime.

Contributions, interest earned, dividends, and capital gains are not taxed, and can be withdrawn tax-free.

RRSP

Registered Retirement Savings Plan (RRSP) is a way for you or your spouse or common-law partner to contribute to, essentially creating a personal pension plan.

Pre-tax money grows tax free until withdrawal, at which time it is taxed at the marginal tax rate.

PET INSURANCE

A high percentage of pets (33%) will need emergency veterinary treatment every year.

75% of all dogs and cats will become ill or injured at some point in their lives.

Pet insurance takes the financial worry out of the already stressful situation of having a sick pet.

WILL DOCUMENTS

The majority of Canadian adults (56%) do not have a signed will. Not having a will is more problematic than you think.

This “little” oversight can cost thousands of dollars in legal bills, bitter family disputes, as well as legal battles between siblings and/or their spouses.

All of this would be avoided with the drafting of a proper will.