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It is very important to walk people through the potential obstacles they may face on the way to achieving their financial goals. This way we can provide them with potential solutions and help insulate them from an interruption in their plan. We recommend that a Risk Management check-up should be completed every two to three years.
Everyone faces two potential obstacles that as they accumulate wealth, becoming sick or injured or dying too early. There are several questions that should be answered when considering each situation. Insurance solutions may include life insurance, critical illness insurance, disability insurance or long-term care insurance. All areas must be carefully reviewed, and plans made to address any concerns.
Estate planning is an important task that deserves your close attention. Start by considering your assets and where you would like them to go, but keep in mind that life can be unpredictable – you will want to keep on top of the changes to your estate, your family, and your financial needs as time goes on.
Once you are ready to plan your estate, take some time to consider the following
questions, which will guide the strategy you will build with our financial advisor.
Simply having an insurance policy may not provide enough money to pay all the debt and income tax that your estate owes; the type of insurance and the amount of your policy will impact how far it can go. It is worth taking the time to weigh your options and goals so you can choose the right insurance plan.
There’s no one-size-fits-all solution when it comes to selecting the right insurance plan for estate preservation. As your life changes and you get older, your coverage needs can evolve. And while a term insurance policy can help with some short-term estate needs (like paying off the remainder of a mortgage), permanent insurance is often the better option when it comes to estate planning with insurance.
PWM Private Wealth Counsel, a financial planner & financial advisor based in Saskatoon, Saskatchewan, provides a true holistic approach of discretionary, fee-based wealth management, financial planning, insurance, and tax & accounting services. Saskatoon, Prince Albert, Regina, and Swift Current, Saskatchewan, Canada.
iA Private Wealth Inc. Is a member of the Canadian Investor Protection Fund and the Investment Industry Regulatory Organization of Canada. iA Private Wealth is a trademark and business name under which iA Private Wealth Inc. operates.
This is not an official website or publication of iA Private Wealth and the information and opinions contained herein do not necessarily reflect the opinion of iA Private Wealth. The particulars contained on this website were obtained from various sources which are believed to be reliable, but no representation or warranty, express or implied, is made by iA Private Wealth, its affiliates, employees, agents or any other person as to its accuracy, completeness or correctness. Furthermore, this website is provided for information purposes only and is not construed as an offer or solicitation for the sale or purchase of securities. The information contained herein may not apply to all types of investors. The Investment Advisor can open accounts only in the provinces where they are registered.
Insurance products and services are offered through PWM Financial Services Inc., an independent and separate company from iA Private Wealth Inc. Only products and services offered through iA Private Wealth Inc. are covered by the Canadian Investor Protection Fund.
Alternative Investments are not suitable for all types of investors. please obtain independent professional advice, in the context of your particular circumstances.
