Men: 3 Things to Do Before Saying “I Do”

“When you truly love someone, their happiness is more important than your own.” Men and women show love in different ways – men have a tendency to show their love by planning long-term for the future and making sure their wife is happy, not only for today, but 10, 20, 30 years down the road.  Men, before you say, “I do” to the women you love, show her your love by planning ahead. 

1. Get Life Insurance. It is probable your spouse will out live you, make sure she is protected. In Canada, women have a longer life expectancy than men. According to Statistics Canada (2009), the life expectancy in Canada for men is ~ 78 and is ~ 83 for women. Plus, when your young, your premiums are much lower than if you signed up for life insurance later in life.
2. Get an RRSP.  It is never too early to start planning for your future. You hear people say that they can’t wait to retire – planning for this early and working towards it as a couple will help ensure you retire comfortably.
3. Get Health Insurance. Did you know the biggest reason couples argue is because of money? Planning ahead and having insurance can help deal with unexpected expensive bills like dental treatment and critical illnesses. 

Topics of life insurance can be sensitive, because we never want to think of such a situation, but the reality is, it is always better to have that safety net in place – just in case. Marriage is big step in life. It takes a lot of love, communication, and hard work. To make a marriage work, there is no magic ingredient, but it is always important to care and protect one another at all times. To speak with one of our insurance agents about insurance options for you, call us at (416) 909-0400.

Seniors Reveal Their Deepest Financial Regrets

When you talk to seniors, you learn the most about life and how to live. They have seen it all, and they can offer the best advice on how to make your life better.

1) I should have saved for retirement earlier.  

 We can learn a lot from this. Retirement may seem like a long time away when your 30, but it slowly creeps up on you. Every year, you tell yourself I will start saving next year for retirement, but that next year never comes. They’re always other bills to pay that seem more imminent and important. However, it is important to make saving for retirement a priority and open up a RRSP and begin contributing. Besides, you’ll save a lot on taxes through your RRSP. We can help you figure how much you need to save up each month based on your financial goal of how much you want to have saved up when you retire.

2) I should have invested in my health care.

Health is wealth, and you don’t realize this until much later in life. Those with healthcare are much more inclined to get professional medical help when needed rather than putting it off. Having healthcare means you can take care of your body when it needs care always – not when your pocket lets you.

3) I should have spent money wisely. Take a look at your credit card bills and see where most of your money is going. Are you are spending on material items that won’t last in 5 years? If so, think about this way, you’re buying junk, and paying for it, and paying interest for it – with no return at all. What can you better spend that money on that will add value to your life in 5, 10, 20 years?

As they say, it’s never too late or too early to start making your life better. You can start now.

 

2 in 5 Canadians Will Develop Cancer

2 in 5 Canadians Will Develop Cancer

Did you know that about 2 in 5 Canadians will develop cancer in their lifetimes and 1 in 4 will die of the disease (Canadian Cancer Society, 2013)? That is a scary statistic. Prostate cancer is the most frequently diagnosed cancer for men in Ontario, and breast cancer is the most frequently diagnosed cancer for women in Ontario.  Lung cancer is the leading cause of cancer death for men and women in Ontario.

After a cancer diagnosis, 63% of Canadians will survive 5 years later. Many Canadians cope with extreme stress, both mental and financial after a cancer diagnosis. Financial protection is pivotal during this period to help you get better.

Cancer Guard Insurance can give you this financial protection – you can receive a lump-sum payment of up to $100,000 from the date of your cancer diagnosis. With enhanced protection, you can also get additional coverage for other critical illnesses including heart attack, stroke, coronary surgery, paralysis and coma. Furthermore, the allowance that will be paid will be tax-free, allowing you to focus on getting well without financial worries. 

Cancer Guard Insurance comes in three types of protection: a 10-year term protection (renewable until age 75), a 20-year term protection (renewable until age 75) or a level term protection to age 75.

For more information, contact us at (416) 909-0400.