Insurance Made Simple
For when things get complicatedInvestmentLet's Put your Policy to Work
I help clients with RRSP, TFSA, RESP, and life insurance as investment options. As I am a life insurance professional, my investment options are with what is known as 'segregated funds'.
A 'Seg' fund is a pool of assets that is held by an insurance company that is separated from their other assets.
Insurance companies have different funds within that address a clients' long term goals and risk tolerance.
Seg fund investments can be quite complicated, and here's what you need to know; The benefit of a segregated fund is that when done correctly, you'll never lose your initial investment, or your premiums, and it will remain protected from creditors. A segregated fund comes with a contract called an Independently Variable Insurance Contract (IVIC). This contract provides the client with the right to buy the investment. There are varying levels of guarantees that can be built into the plan.
A 'Seg' fund is a pool of assets that is held by an insurance company that is separated from their other assets.
Insurance companies have different funds within that address a clients' long term goals and risk tolerance.
Seg fund investments can be quite complicated, and here's what you need to know; The benefit of a segregated fund is that when done correctly, you'll never lose your initial investment, or your premiums, and it will remain protected from creditors. A segregated fund comes with a contract called an Independently Variable Insurance Contract (IVIC). This contract provides the client with the right to buy the investment. There are varying levels of guarantees that can be built into the plan.
How can you save for your children's future?
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Rob Dice is NICE! My husband and I met with Rob because we wanted to put something in place for our grandchildren. Rob took the time to answer all of our questions and concerns and did not put any pressure on us to decide right away. We both missed out setting up our children for their time at post-secondary education and young adulthood. With Rob’s help we have been able to establish a plan that will leave our grandchildren with a financial future and it won’t break the bank, especially if you start when they are young. Thank you, Rob, you were a pleasure to work with and you made everything so simple.
Equity
Life insurance can be used to provide not only life insurance protection; certain types of policies grow equity that you can use for an unlimited number of purposes. Whole life policies can be used in situations where a client wants long term insurance protection in a plan, and much like a mortgage on your home, once the mortgage is paid for, you not only own the plan, your insurance plan continues to grow in equity even though you have finished paying for it.
Many clients with this particular type of policy and have been able to utilize the plan growth to self-fund any number of different needs. This type of plan is what I share with parents looking for an investment for their children that will offer them not only life coverage, but a plan that will grow tax free for the child's life, and offer them equity that they can use for life's milestones (like education, help with buying a home, starting a business, etc.).
Many clients with this particular type of policy and have been able to utilize the plan growth to self-fund any number of different needs. This type of plan is what I share with parents looking for an investment for their children that will offer them not only life coverage, but a plan that will grow tax free for the child's life, and offer them equity that they can use for life's milestones (like education, help with buying a home, starting a business, etc.).
Start planning for your children's future today.
Let’s have a conversation. Decide what’s important. Look at how to get the most value from the plan. Then monitor it, update it, and stay on top of how the plan is performing for you, and prevent any ‘surprises’ at renewal time.