Life insurance without a medical exam – ages 18-85 There are people at all stages of life that, for different reasons, can’t or don’t wish to go through the paramedical process to qualify for life insurance, or are hard to insure due to age or infirmity. Why should you consider No Medical Life Insurance or
Active retirement – the early years
You’re physically active. You’re socially active. You’re still active in business or with volunteering. Make sure your financial picture continues to support your rewarding retirement choices and lifestyle for years to come.
Happy New Year! Here are a few thoughts I’ve put together to help you make your 2017 a great financial year: Hedge your currency bets. Here’s a great way to make sure you don’t get a shock when you buy U.S dollars. Say you need $5,000 U.S. for a vacation. You can set up a
A Guaranteed Interest Fund, offered by insurance companies, is a secure investment that grows your money at a guaranteed rate of interest for a fixed period. It is ideal for investors looking for capital security. These funds are similar to guaranteed investment certificates (GICs) offered by banks but with the following unique characteristics: Advantages and
I’ve recently read a book called HOW TO RETIRE HAPPY, WILD, AND FREE. It’s a non-financial look at thinking about and preparing for what you will do and how to get the most out of life in semi-retirement or retirement. Included are examples of people who have retired anywhere from age 27 to age 80.
Who needs life insurance? People with responsibility for others For people who depend on you for support, a spouse, children or dependent adults, life insurance can play a fundamental role in their continued financial well-being. In addition to making up for the loss of your income, the proceeds from a life insurance policy can be
Consider this fixed income investment that provides a guaranteed retirement income for life without having to live with the risk and volatile returns of the stock market. Retirement today Most Canadians have saved some money in RRSPs and TFSAs but do not have a clear idea whether their savings are sufficient, or how much
Most Canadians manage their finances by doing two things: Depositing their income and other short-term assets into chequing and savings accounts. Borrowing when they need to, through mortgages, lines of credit, personal loans and credit cards. Sounds simple enough. Unfortunately, they usually receive low or no interest on the money they deposit, while they pay
“Segregated” or Guaranteed Investment Funds (GIFs) can give you the growth potential of investment funds with the security of insurance guarantees. • Guaranteed death benefit – Your beneficiaries will receive the greater of market value or 75% or 100% of your net contributions tax free when you die, depending on which you choose. Ideal for
You may have seen headlines such as “Lifetime Income Stream Key to Retirement Happiness”, and “Happiness in Retirement is a steady income”. Studies show that life annuities generating a retirement “paycheque” from an annuity can make retirees smile. According to Towers Watson, people with annuitized income are happiest, compared to retirees with similar wealth and
Your annuity income is calculated at the time you buy the annuity. It’s based on a number of factors. The most important ones are your life expectancy and interest rates. If you’re buying a life annuity, the insurance company uses insurance tables to project how long you are likely to live. Factors that will affect