Sharing your livingcare coverage with your partner

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Sharing your life. Sharing your dreams. Sharing your coverage.

Have you thought about what your future will be like if you’re not able to take care of yourself? Putting a plan in place to deal with this possibility is a life choice that makes sense. With that, you may not have to rely on your family for financial help or hands-on-care, or both.

Now you can share a *common pool* of money if one of you needs more long term care than the other, you can draw on your partner’s of the coverage. (Manuvie)

Find out more.

The estate talk

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Do you remember when your parents sat you down for *the talk*? Back then, it likely included some anxious moments ans uncomfortable feelings.

It could be time to think about another *talk* but this time it would be you initiating a conversation how they want their final wishes carried out.

How proceed with: insurance, will, mortgage, sources of income, executor, ….

You don’t have to do this alone. Your financial security advisor can help you start the estate protection conversation with your parents. (Source: Great-West)

To know more:

 

 

The cash you need, when you need it

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As an investor, one often faces the dilemma of having access to cash and staying invested.

In the concept of this month, we present the line of credit on an investment portfolio or on an insurance policy.

This very simple strategy allows access to liquidity via a line of credit. The line of credit is available with a guarantee of your investment portfolio or even the surrender values ​​of your insurance policy.

The best time to access your cash therefore becomes the one you choose.      (source manulife)

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Tale of Basket and eggs

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“Do not put all your eggs in one basket” is an expression that we hear a lot during our meetings with future clients. For them, having several advisors is a form of diversification. It is always surprising to see their reaction when they are told they are wrong.

In the Concept of this month, we give you the basics of true diversification, which consists of having several types of assets in your portfolio and not several advisors who invest your money in the same assets. By choosing the right advisor who has an overview of your wealth, you have the chance to have a portfolio that can hold Canadian, US, international or global stocks, even emerging market equities; Canadian, US and global bonds. It will even be able to add more specialized exposure in real estate and infrastructure.

You did not know there was so much to invest in!

The next time you decide not to put all your eggs in one basket, we recommend you take the time to choose the right advisor because after all you do not go see several doctors to cure your bobo but you keep the good doctor who is able to prescribe the right medicines and more importantly cure you.

Play Defence with a well-diversified portfolio

 

We’ve all thought about the future

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We all need an income to support our dreams for the future. Have you ever considered that your ability to earn an income is biggest asset in lfe? That’s right. It’s not your house, not your car, but your income.Most of us only think to protect our material things, but what about the future aspirations of our family that depend on our earnings?

What it will be your expenses with the loss of a provider? Without life insurance, people turns to ?

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A look at critical illness insurance claims

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People are living longer. If you experience a critical illness, you’re now more likely to survive it and live for many years. That’s the good news.
Here’s the bad news: If you don’t have critical illness insurance, you may not have the financial means to continue your family’s current lifestyle following your recovery.

Did you know?
Cancer, heart attack and stroke represent 76 per cent of critical illness insurance claims.
The average claimant ages are:
• Female – 51
• Male – 53

Protect yourself now, when you’re healthy, and be better prepared for when you recover. (Source Great-West)

Click to look at critical illness insurance claims

A painless way to cut back on expenses: Manulife One

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Most Canadians manage their finances by doing two things:
1. Depositing their income and other short-term assets into chequing and savings accounts.
2. Borrowing when they need to, through mortgages, lines of credit, personal loans and credit cards.

Unfortunately, they usually receive low or no interest on the money they deposit, while they pay high interest on the money they borrow.

Wouldn’t it make more sense if the deposits and borrowings were combined?

It brings your mortgage,savings and income together into one multi-purpose “borrowing and chequing” account.

Interesting isn’t it ?  (Source Manulife)

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Like the day of the marmot, each year the same question imposes itself ?

The first reflex could be to immediately opt for the RRSP. But wait a minute! Did you know that:

  • $ 52,000 is the amount you can put into a TFSA if you have not previously contributed?
  • The TFSA can hold the same investments as the RRSP?
  • Unused contribution room can be carried forward indefinitely?
  • The returns you make in a TFSA will never be taxable?

These are good questions that prompt you to think hard before you throw yourself on the RRSP as the only option to prepare your retirement or just save.

In our Notion du Mois, we offer you ideas and concrete points that will help you to make your decision. Most of our customers have already found answers to these questions and are taking advantage of a strategy adapted to their own reality.

You are at a phone call to have your answer: 450-971-8787. We will help you with a lot of fun, a cup of coffee in hand!

Michel, Jean-Brice and the entire Investamp team

TFSA vs RRSP

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