A simple questioner to help help you figure out what kind of investor you are as you make your retirement plans.
Health concerns and life insurance
Do you believe you need life insurance but have some concerns regarding your health?
You are not alone. Please do not give up; I can help.
First, you are right about the need for life insurance, and if you have health challenges, it can be hard to get insurance.
Second, your health challenge does not mean that you can not get health insurance. I know you may even be worried about the cost as health problems can increase the cost of insurance.
As a broker with Experior, on your behalf, we can access a number of different companies that give you options. Yes, you have options.
Just because you have a medical challenge should not stop you from getting life insurance.
Some people simply do not want to have to do any medical exams or deal with blood work. You have options.
There are life insurance products out there called “simplified.” That means that you have options.
So what questions do you have?
Would you like to learn more?
Let’s talk.
How do RRSP deductions work
Let’s say that you make $60 000, and you contribute $1200 that year to your RRSP. That would be $100 a month.
Here is the math $60000 – $1200=$58800
Your taxable income goes from 60K to $58 800
Suppose you are part of a group RRSP at work and contribute through payroll deductions. You get a bigger bang for your dollar as you invest before tax is deducted. You may be contributing more than you know.
What are your retirement goals? Do you have a plan? It would help if you had a plan.
Let’s get you started on creating a plan and building a solid foundation, and leaving a legacy.
Here is a place to start
What can life insurance be used for?
Life insurance = protecting your income.
The best time to buy life insurance is now.
Life insurance is about protecting your loved ones. One advantage of life insurance is it is tax free for the beneficiaries.
Life insurance can be used to:
Pay off debts, for example, a mortgage or credit card debt.
It can help to keep a certain standard of living for those who are dependent on you.
You can leave an inheritance to your family.
It can help pay for estate fees and burial expenses. Many forget that there is a cost to death. For example, if you leave a cottage to someone, they will have to pay tax on that.
What every your beneficiaries want. This is good because it gives them control.
Every significant change in life should bring an evaluation of your life insurance needs.
Do you have any questions?
Are you looking for life insurance or like an evaluation of what you have?
