Introduction You can’t take your money with you at the end of your life. So, you might expect more Canadians would name a beneficiary. However, it’s surprising how many of us haven’t done that, says Sun Life advisor Brent McKay.* Or, how many Canadians haven’t updated their beneficiaries after a life change like divorce or […]
Introduction The decision to buy life insurance is an important one. It can ensure that those who rely on you for financial support will receive money when you die. But knowing what’s right – or wrong – when it comes to life insurance can feel overwhelming. That’s where an advisor can help. Sun Life advisor […]
Introduction Do you think life insurance is just for people with mortgages and kids? Do retired people need to keep their life insurance, or even buy more? Find out why the answer could be “yes.” What’s Life Insurance For? Life insurance is meant to protect the people who depend on your income, like your spouse […]
Introduction Deciding when to start collecting Canada Pension Plan (CPP)/Quebec Pension Plan (QPP) and Old Age Security (OAS) benefits is a significant part of retirement planning. While these benefits can provide a stable source of income in your retirement years, the timing of when you begin to collect them can greatly impact your financial future. […]
Introduction Life insurance not only provides financial security for your loved ones but can also serve as a tool for building wealth through its cash value component. Many Canadians are unaware of this feature, which allows policyholders to access funds during their lifetime while maintaining coverage for their beneficiaries. This article explores the concept of […]
Introduction The idea of needing $1.7 million to retire in Canada has gained traction, largely due to a BMO poll that highlighted this figure. While $1.7 million might seem daunting, achieving such a goal depends on various factors, including when you start saving, your investment strategy, and your desired lifestyle. This article delves into whether […]
Introduction The Infinite Banking Concept (IBC) has sparked growing interest in Canada, particularly among retirees seeking alternative wealth-building strategies. While it offers a unique approach to personal finance, borrowing from your life insurance policy is not a one-size-fits-all solution. This guide explains the basics of infinite banking, how it works in Canada, and the factors […]
Introduction The Infinite Banking Concept (IBC) offers a unique approach to managing finances, enabling individuals to take control of their banking needs. However, misconceptions often cloud its potential benefits, leading some to dismiss it as a scheme. This guide clarifies what Infinite Banking is, how it works, and why it might be a valuable financial […]
Introduction Life’s unexpected challenges can have significant financial impacts. Living benefits insurance provides financial security and resources in the event of unforeseen circumstances, such as illness, injury, or the need for long-term care. These policies are designed to protect your financial strategy while supporting your family’s well-being. Let’s explore the types of living benefits insurance […]
Introduction Whole life insurance is a type of permanent life insurance designed to provide coverage for your entire lifetime. Unlike term life insurance, which expires after a set period, whole life insurance remains in force as long as the premiums are paid. It offers both a guaranteed death benefit for beneficiaries and the opportunity to […]
