ESTATE AND SUCCESSION PLANNING

Estate planning should not be treated lightly. There are often many layers of the estate plan that are left unattended prior to death. Research shows that while some families have “started a plan”, Many times their plan “runs out of steam” before it ever reaches completion.

It runs out of steam because there was no one in charge. No one who was willing to ask the hard questions and push for the answers so the plans could actually be created and implemented based on reliable information.

 

Failing to obtain all the information and have the proper conversation can lead to tax burdens for loved ones, separation and resentment amongst family, or financial hardship for the next generation trying to maintain and grow the business.

 

Having a professionally developed succession plan can help you avoid these unwanted scenarios.

 

It’s never too soon to start planning for the future and a solid succession plan can help ensure a smooth transition of your farm or business to the next generation.

FOR BUSINESS

Protecting your business

You’ve worked hard to build your business; we want to help you protect it. Whether starting a new venture or maintaining a successful one, we can help you address your needs.

  • Life insurance
  • Disability insurance
  • Critical illness insurance

Protecting your employees

Your business or organization is unique, and so are your people. Whether you have three or 35 employees, we have access to comprehensive group benefits plans to help you retain your valuable staff:

  • Benefits plans for small business
  • Health-care and dental-care benefits
  • Wellness and disability benefits
  • Life and accidental death and dismemberment benefits
  • International benefits plans
  • Online services

Group Pension Plans

A part of retaining valuable employees is being able to offer them the ability to save for their retirement while working in your business. A Group RRSP is one such product that can be put in place. We can assist in the process to determine eligibility, choosing and implementing the right plan, and educating employees on retirement and financial planning as a whole.

INVESTMENT PRODUCTS

Whether saving for your child’s education, planning a vacation, building a nest-egg or managing your finances during retirement, we can help you create an investment portfolio that fits your needs.

A significant component of most investment portfolios, mutual funds may fit into your financial security plan. Mutual funds allow individuals to pool their savings in a diverse portfolio of investments managed by professional money managers.

 

 

Segregated fund policies are long-term investments that offer capital guarantees. By pooling money from thousands of investors, professional investment managers invest in a variety of individual securities. Since they’re only available through an insurance policy, segregated fund policies have several features and benefits that make them different from mutual funds.

Note: Any amount allocated to a segregated fund policy is invested at the risk of the policyholder and may increase or decrease in value.

 

We also offer a range of specialized investment products, including:

  • Specialized investment solutions
  • Registered education savings plans (RESPs)
  • Registered retirement savings plans (RRSPs)
  • Registered retirement income funds (RRIFs)
  • Tax-free Savings accounts (TFSA’s)
  • Guaranteed interest options and income annuities
  • Labour-sponsored investment funds
  • Corporate class mutual funds
  • Charitable giving program
  • Registered Disability Savings Plans (RDSP)

INSURANCE PRODUCTS

Along with helping you build and manage your investments, we can help you choose insurance products to minimize financial risk to you and your family.

Individual life insurance

Having the right life insurance protection can make a huge difference in your life, and the lives of those close to you. A financial security plan that includes life insurance can ensure you leave your estate financially secure, and avoid debts and an inadequate income for your family.

What would you want to happen if you passed away yesterday?

Disability insurance

Accidents and illnesses are unfortunate facts of life. Disability insurance coverage is designed to help protect your most valuable asset – your ability to earn an income, which can be jeopardized if tragedy strikes

What would your families’ situation be if you had to live without a paycheque for 2 years?

Critical illness insurance

A critical illness or condition, such as heart attack, cancer or stroke, can turn your life upside down. It can affect you physically, emotionally and financially. Insurance can protect both you and those close to you from the financial effects of a critical illness.

What would you want to happen if you or a loved one where diagnosed with a critical illness?

Health and dental insurance

Provincial governments continue to cut back their levels of healthcare coverage, leaving you to pay for expenses such as prescription drugs, eye exams and paramedical services. We can help you build a plan

MORTGAGES

Financing a home may be the biggest financial decision you make. As your financial security advisors, we can help you make the right decision by helping tailor a mortgage to your financial security plan. We work with London Life mortgage planning specialists, who have the knowledge and experience to help select a mortgage that works for you.

RETIREMENT PLANNING

 

When planning for retirement it is important to ask questions that go beyond just the finances. Retirement can be a big change and guidance beyond ensuring there is enough money to live each month is crucial.