Financial, Investment and Insurance services
One of the biggest problems in North America, which affects nearly 95% of the population (including citizens, immigrants and newcomers), is the lack of sufficient and necessary information in the fields of finance, investment and insurance, and lack of familiarity with financial products and services Is available.
In this regard, our company is proud to provide all the necessary services by senior financial advisors in this field, which are also approved by the Government of Canada, completely free of charge.
The scariest thing about the future is that the future is getting closer and closer every day.
Regardless of your age, income, or current goals, you need to start planning for your future today.
Who is a financial advisor?
A financial advisor is a person who provides financial services based on clients’ financial situation. In many developed countries of the world, including Canada, financial advisors must pass specialized courses and training to provide advice, and after passing the government exams and registering with regulatory bodies, obtain permission from the government to start working.
Visualize your goals
As scary as it may seem, making a realistic estimate of your current situation can help you figure out what you want tomorrow.
Less than 15% of employed people know how much to save for retirement.
- Will you save enough money to retire?
- How much more should I save?
- How can I estimate my retirement expenses?
Use these results as a starting point and get help from your financial advisor to determine if you are on the right track and together you can estimate the amount you need and find practical ways to achieve your retirement goals.
Retirement
The concept of retirement is different for everyone. For some, it could mean traveling, spending time with family, or volunteering.
It does not matter what stage of your life you have, it is important to have a financial strategy to cover the financial needs for your future and the retirement period you envision.
A healthy retirement strategy should help you answer the following questions:
- What stage of retirement or retirement plan am I in?
- How can I spend my retirement years?
- How much income do I need each month?
- How long is my retirement?
- How should I save for my child’s financial future?
Tuition Fees and Education Cost
The first day of school, the start of high school, graduation – these events are milestones not only in your life but also in the lives of your children and grandchildren.
As tuition costs increase, it is important to have a well-thought-out strategy for safe savings on tuition fees.
Saving for children’s tuition costs requires a continuous process.
An appropriate strategy should help you address the following questions:
- Have I ever saved enough to support my educational goals or the goals of my child or grandchild?
- How much will I save for my children or grandchildren?
- How much tuition do I plan to pay?
- How can paying for tuition affect my other financial goals, such as retirement?
Business
Employee care
Employees are the heart of any job. Successful jobs, in addition to attracting the best employees possible, also minimize turnover and increase employee satisfaction.
Helping employees save for retirement and pay for their children’s education are two important ways to increase loyalty.
In addition, allowing employees to share in the profits can give everyone a sense of ownership in the business and a commitment to helping build the business in the long run.
There are various support programs in Canada to support yourself and your business members. You can guarantee the future of your business with proper planning in this field.
Start by considering these questions:
- How many employees do I have now?
- What are my predictions for the future of business?
- Does my business have only one branch or will it have several branches in the future?
- Do I involve employees in financing projects?
- Do I want to make a plan that takes into account people’s work experience?
- What are the tax considerations for starting a retirement plan for my employees?
Programs at a glance
Some of the most difficult decisions business owners face are how to make the most of their business to help advance their personal financial goals. Often, a business owner decides to save for retirement at his company.
With complex tax laws and a seemingly endless list of strategies, it is difficult to make the right investment decisions.
We can help you find solutions to meet your needs while maximizing tax efficiency when investing in a company.
Business Insurance:
There are various types of insurance for personal or corporate ownership:
1. Key person insurance:
Key person insurance covers business losses after the loss of a key employee due to untimely death or disability.
This insurance helps to provide the budget for finding and hiring a suitable alternative to a key business person in the business.
2. Commercial collateral loan insurance
Commercial collateral insurance is designed to provide the funds needed to repay a loan or commit a commercial debt to a lender in the event of the untimely death of a business owner.
3. Business overhead insurance
Business overhead insurance provides a business owner with a budget to cover overhead costs in the event of a business owner being disabled.
This will help you pay for current business expenses such as rent, salaries, utility bills and more.
4. Insurance to finance the purchase and sale of partners’ shares:
This insurance helps business owners, partners or shareholders to provide the funds needed to implement the instructions of the sales contract, especially in the event of untimely death, serious injury or illness of one of the partners, to the other partners. Be able to buy the shares of the injured person.
Insurance and annuity
LIFE INSURANCE
Use life insurance services to protect your financial future and that of your family, and work towards your long-term goals.
There are many types of insurance products that you should choose according to your needs.
Some of these products are:
- UNIVERSAL LIFE INSURANCE
- WHOLE LIFE INSURANCE
- TERM INSURANCE
Life Benefits:
1. Disability insurance
If a person is unable to work due to serious injury or illness, disability insurance provides tax-free monthly income.
2. Dangerous Disease Insurance
This insurance helps people pay for their medical expenses by paying tax-free cash. This is usually payable to the patient 30 days after the diagnosis of these diseases (such as heart attack, stroke or cancer).
This type of insurance can be used to help pay for illness-related expenses, make up for lost income, pay off debts and day-to-day expenses, or for alternative treatment after suffering a dangerous illness.
Long-term care insurance
If a person is unable to perform regular activities of daily living such as bathing, personal balance, eating, dressing, walking and bathing, this type of insurance will help to reimburse the costs incurred for long-term health care in Is available. This care can be done in a medical center or intensive care unit or in a private home.
Annuities
1. Fixed Annuities
Fixed Annuities of contract is between insurance companies and investors. Fixed Annuities are very similar to guaranteed investment certificates (GICs), with investment options and conditions ranging from daily interest accounts to guaranteed terms of up to 10 years.
If you are looking for principal and profit growth for purposes such as a retirement plan, this type of Annuities an alternative to investing.
2. Variable Annuities (Segregated Funds)
Variable annuities (also called segregated funds) are contracts between insurance companies and investors. They work similarly to mutual funds and features were added
They have insurance that guarantees maturity and death deposits.
If you are interested in long-term growth for purposes such as a retirement plan, this type of annuities is right for you. If you are self-employed or of advanced age, segregated funds are also suitable for you because of their potential creditor support and real estate strategy benefits.
life Annuities:
The life Annuities is a contract between insurance companies and investors. They can provide you and / or your spouse with a guaranteed income for life, no matter how long you live.
If you are a conservative investor looking for the highest possible income after tax, this type of year is right for you. A life Annuities can guarantee your maximum monthly income and / or ensure that your capital is no longer alive.
Some special Annuities
- Fixed Annuities are contracts between insurance companies and investors. You pay a large sum to the insurance company and in return, the insurance company guarantees to pay you a certain amount for a certain period of time.
If you are a conservative and income-oriented investor and have a maximum guaranteed monthly income for a certain period of time, this type of years is right for you.
The right to certain years has the following characteristics:
– Regular income: Payable monthly, quarterly, semi-annually or annually. You know exactly how much you will earn and how long it will last.
– Income period: The right to certain years can only generate income for a specified and predetermined period of time.
– Liquidity: A certain premium cannot be changed or stopped. Payments must continue as stipulated in the original contract until the insurance company has fulfilled all its obligations and the insurance policy has ended.
Prepare for the unexpected
Some changes are expected and pleasant, while others may not. Our consultants try to know what you are trying to do. In this way we can help you prepare for unexpected life events such as untimely death, serious illness or injury.
- Do you take care of your children?
- Are you preparing for retirement?
- Do you have a blueprint for survivors?
Unforeseen circumstances can happen at any stage of your life – which is why it is important to prepare for the unexpected.
- How much should I set aside for emergencies?
- How much life insurance do I need? What kind of insurance should I buy?
- I have life insurance through my workplace. Is that enough?
- I am retired. What should I prepare for the “unexpected” time?
- Should I consider long-term care insurance?
- How can I communicate my health care wishes to my family in the future?
Capital management
We offer a variety of ways to help meet your complex financial needs. Account management programs run by our team of consultants can be the perfect solution to meet your needs.
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Property planning
We believe that everyone needs a real estate strategy. Why? Because it’s not about how much money you have. This is about controlling your assets.
An active strategy is important. You may think that only people who are “rich” or have complex family circumstances need a real estate strategy, but this is not the case. We believe that regardless of your net worth and avoiding future problems and maintaining assets and increasing their value, you should consider an appropriate and professional strategy.
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Variety of accounts:
About 70% of people in Canada do not know enough about the types of bank accounts in Canada and their benefits.
The bigger problem starts with the fact that most people who think they know enough about these accounts say that they are useless. If we know the necessary information, the correct ways to use and invest in each of these accounts, it will cause a great change in our lives, so that in the long run it can be up to several hundred percent. Change the profit earned from an account.
Some of these accounts and financial plans available in Canada are as follows:
- Checking accounts
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Savings accounts
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Registered Retirement Savings Plan (RRSP)
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Registered Retirement Income Fund (RRIF)
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Registered Education Savings Plan (RESP)
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Deferred Profit Sharing Plan (DPSP)
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Defined Contribution Registered Pension Plan (DCRP)
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Locked-in Retirement Plans
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Tax-free Savings Account (TFSA)
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Group RRSPs