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Segregated Funds for Estate Planning

As we age and our thoughts turn to estate planning, Segregated Funds may present a valuable planning opportunity.  As we progress through the stages of life our investment focus changes from growth to income to preservation.  Usually, the expected rates of return reduce as we age, primarily because we have less time to make up for a loss and feel the need to be more conservative in our approach.  Anyone who has retired shortly before or after a major market correction (or crash!) understands the impact volatility can have on their enjoyment of a comfortable retirement.

In addition, none of us want to leave an estate for our heirs which could be a fraction of what was intended or be a catalyst for family discord.   Fortunately, you do not have to forego the opportunity of growth in order to preserve the capital that you wish to leave to your family.  Segregated Funds not only protect your estate against market fluctuations, they also provide the comfort of knowing the inheritances you wish to leave will be received by those for whom they were intended.

What are Segregated Funds?

Segregated funds are similar to mutual funds and represent market- based, equity, bond or fixed income investments.  They differ from mutual funds in that as they are offered by life insurance companies, they have special benefits that mutual funds do not.  These special benefits include: Read more

Canada Protection Plan – Simply Peace of Mind

 Giving you  a choice

It does not matter who we are or what we do, at heart we all want the same thing – to make sure that the ones we care about most will always be taken care of.

Whether you are hard to insure, have health issues, are in good health or simply want reliable coverage fast, Canada Protection Plan offers a wide variety of plans to suit your specific needs.  Whether you are 18 or 80, you can apply.

Hard to insure, no time or a dislike of needles

We offer coverage up to $500,000 for No Medical & Simplified Issue Life Insurance plans.  We do not ask if you’ve been declined life insurance in the past, nor do you need to go for a medical exam.  This means total convenience, enabling you to get protected no matter your health condition of if you required coverage quickly.

 

 

 

 

ARTICLES OF INTEREST

13
Oct

Aging Parents? Who’s in Charge?

Here’s a valuable piece I came across on Forbes.com on the subject of Aging Parents in fragile health and the decisions that have to be made for the best outcome..  I wanted to share it as a resource for anyone who may be in this situation with their own parents.

 

Image by Steve Buissinne from Pixabay
27
Sep

Six Important Reasons to have a Will

It has been said that a Will is the last message you will leave your family.  Having a Will can provide clear direction as to what your wishes are and who will get what.  Die without a Will (known as dying intestate) and chaos will likely be the result.  Having a Will allows you to provide for certainty instead of chaos.

Most of the reasons to have a Will have to do with what happens if you don’t have one and that often will depend on what province you reside in.  Each provincial government has its own Wills and Estate legislation which also provides for the rules regarding intestacy.  The following are some of the reasons to have a Will and what could result without one.

  1. Informs your family how and when your property is to be distributed

Your Will affords you the opportunity to give clear instructions as to whom will receive your wealth.  It also allows you to make bequests of certain items such as family heirlooms which you may wish to leave to a specific individual. For those who wish to leave funds to a charity, the Will allows you to do this.  Without a Will, this opportunity may be lost. The bottom line is that you make the call.  Dying without a Will means that the provincial government will make the determinationon how your estate is to be distributed depending on the intestacy laws. Read more »