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Health/Dental Coverage

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Buy insurance from a licenced advisor.
Know that the coverage you have will pay when the unexpected happens.
Watch CBC Marketplace Program at:

http://www.cbc.ca/marketplace/in_denial/
As Erica Johnson reports, the bank staff selling mortgage insurance are unlicensed and rarely trained to explain the details and legalities of those insurance products. The result is people pay premiums and think they are covered, only to realize later that they are not.

In Alberta, only licensed advisors can sell insurance, banks are prevented from selling insurance.

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     Compare:       GIC      vrs          Deferred Annuity

  • Deposit
  • Maturity Value and date
  • Guaranteed interest rate
  • NOT creditor proof
  • SUBJECT TO estate costs
  • *
  • *
  • Deposit
  • Maturity value and date
  • Guaranteed Interest rate
  • CREDITOR PROOF (named beneficiary)
  • PASSES OUTSIDE ESTATE(named beneficiary)
  • NO PROBATE FEES
  • EXPEDITES ESTATE SETTLEMENT

SEGREGATED FUNDS are the insurance industry’s answer to mutual funds with much MORE to offer.
Guaranteed death benefit value (usually 100% of deposits)
Guaranteed maturity value usually 75-100% of the deposits.
 

TFSA - Open a Tax Free Account ($5,000./year) - Call or Come in to discuss.