Life Insurance

Life insurance is the foundation of any sound financial plan; however, it is probably the most overlooked financial tool by Canadian families today. The loss of any life is difficult to cope with at best, but the loss of a substantial income earner can be devastating to your family. How would the lives of the surviving family members change? Could your spouse still afford to keep the house, pay the bills, and support your family on only one income? Most families could not, and unfortunately employer-provided life insurance is minimal at best- usually between $10,000 and $80,000 worth of coverage- leaving your family dangerously under insured.

Owning the right life insurance policy is the best way to ensure that your family is completely protected should something happen to you and/or your spouse. With personal life insurance, YOU control every aspect of the policy, and can create a customized program that provides the coverage your family needs. Remember, a life insurance benefit is not for the person who dies; it's for the people who live.

The Theory of Decreasing Responsibility

No one likes to pay for insurance, but it's comforting to know that you're family will be protected in the event of premature loss of life. The majority of financial experts and authorities agree that term insurance is the absolute best way to cover this temporary need. Yes, you heard it correctly -- life insurance was not meant to be held for your whole life. You only need insurance if your loved ones would be financially harmed if you were to pass away prematurely.

With the help of a competent planner, your life insurance program will most certainly be accompanied by a strategic investment program, so that as your investments grow, your need for insurance decreases. This concept is called the "Theory of Decreasing Responsibility," and is taught by many financial planners throughout the world.

Your need for life insurance peaks along with your family responsibilities. When you're young, you may have children to support, a new mortgage payment, and many other obligations. You haven't had the time to accumulate much money. This is the time when the death of a breadwinner or caretaker could be devastating and when you need coverage the most.

As you get older, you usually have fewer dependents as well as fewer financial responsibilities. You've had years to accumulate wealth through savings and investments. At this point, your need for insurance has reduced dramatically, and you have your own funds to see you through your retirement years.

Do you own a Whole Life policy? Are you aware of the fact that you are paying 3-6 times more for insurance than you need to? Did you know that when you die, all of those overpaid premiums are not paid out to your beneficiary upon death, but rather they are kept as profit by the insurance company?

Your need for insurance is temporary. Why pay expensive premiums for the rest of your life for insurance you don't need? If you have any form of permanent insurance, contact us now and let us show you how you can save hundreds of dollars a month on premiums.

Investments

Debt Resolve is committed not only to getting our clients out of debt, but also to keeping you out of debt by growing your net worth. With the right plan in place, we'll show you how to finally free yourself from the clutches of the banks by growing your savings and using your own funds interest free. Let one of our licensed professionals educate you on how to plan for the future so that you can reach all of your financial goals.

Mutual Funds – Where the smart money is!

Mutual Funds are unquestionably the greatest investment vehicle available to investors today. This is why there is more than 22 trillion dollars invested in mutual funds across the globe today! Some of the benefits of investing in mutual funds include:

• Low Cost – Many funds accept contributions as low as $25 per contribution
• Professional Management – Fund managers are among the most qualified investment professionals around
• Instant Diversification – Each unit of a fund purchased is like owning a share in 20-100 companies
• Safety and Transparency – Funds are strictly regulated at the provincial and federal level and must disclose all relevant cost, return, and risk information to each investor on an annual basis

Our licensed representatives have access to over 6,000 funds globally. This allows us to develop portfolio for you that is perfectly tailored to your particular needs. Let us show you how to invest in the right funds you and help you minimize your risk while maximizing your returns.

Failing to Plan is Planning to Fail

Everyone has retirement goals- retire early, buy a dream home, travel, and spend your hard earned savings. Unfortunately, most people don't have a plan in place to reach these goals. Without a financial plan, you are unable to gauge whether or not you will have the required funds accumulated to retire at your desired retirement age. The harsh reality of the Canadian workforce today is that many people simply cannot afford to retire anymore. Most Canadians that do retire do so with inadequate savings leaving them a choice: a) adjust their goals to fit their meagre budget, or b) go back to work. Falling to put the right plan in place early may leave you with no choice but to do both.

The Right Plan for You

We recognize that everyone's circumstances and goals are different. That's why it's important to create a plan that is tailored to your particular situation. Whatever your situation may be, we will show you how to use all of the tools available to you – RRSPs, RESPs, TFSAs- to maximize your after-tax returns. In as little as 30 minutes we'll show you we can help you change your financial situation and your life. We will teach you how money works so that you can make informed decisions about how to manage your finances. Through our complimentary Financial Needs Analysis, we show you the steps you need to take to get on the road to the financial independence you want – and deserve. Are you ready to change your financial outlook? Contact us today to have one of our licensed professionals prepare your FREE Financial Needs Analysis.

We will teach you how money works so that you can make informed decisions about how to manage your finances. Through our complimentary Financial Needs Analysis, we show you the steps you need to take to get on the road to the financial independence you want – and deserve.

Are you ready to change your financial outlook? Contact us today to have one of our licensed professionals prepare your FREE Financial Needs Analysis.

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