A recent article I came a across was somewhat timely, as I had just met with a young woman who had recently lost her husband, and his premature death was coupled with the reality that he was severely under life insured.
The situation was compounded with the fact that they had a child, and the income potential for the new widow was not going to be adequate enough to meet their needs.
It is stories and situations like that, that makes a financial advisor realize the importance and impact they can have with the recommendations they make for their clients.
Although life insurance involves having a discussion that is around the death of a loved one, I would encourage you to have it. Having it in place will make for peace of mind, and many less worries in the event something should happen.
Please read it, have the discussion, and put a plan in place.
Couples avoiding insurance talk
When it comes to communication skills, women are often considered innately advantaged. Except when the subject of discussion is life insurance.
According to a TD Insurance poll, it’s men who are driving the conversation about insurance on the rare occasions that it is broached.
Aptly titled Look Who’s Talking, the poll revealed discussing life insurance is still considered a taboo for Canadian couples. Thirty-one per cent of Canadian couples have never discussed life insurance with their partners, many of whom have children; among those who did, men led the conversation 57% of the time, as opposed to 43% women.
“It doesn’t matter who’s driving the conversation, the important thing is to talk about it,” says Dave Minor, vice-president, TD Insurance. “Considering how integral finances are to a family’s well-being, it was surprising and concerning to find that some couples aren’t talking about life insurance at all.”
Thursday, June 30, 2011
Wednesday, June 1, 2011
Are your plans lagging?
Many Canadians plan for many things. We plan to escape our crazy northern winters, we plan weddings, we plan birthday parties, we plan homes or even decks for our homes.
The reality is we don’t plan for a time that in some cases may be a third of our life; retirement. Or if there was a sudden unexpected death/disability of an income provider in the family, are we or our loved ones taken care of financially with our current insurance coverage?
These issues and others require investigation of current circumstances, design of a plan, and implementation and review. Check out this article showing that Canadians need to address their financial plans...
Canadians Lag in Financial Planning
http://www.advisor.ca/news/canadians-lag-in-financial-planning-49372
… should this article motivate to you review your current plans, don’t hesitate to give us a call.
The reality is we don’t plan for a time that in some cases may be a third of our life; retirement. Or if there was a sudden unexpected death/disability of an income provider in the family, are we or our loved ones taken care of financially with our current insurance coverage?
These issues and others require investigation of current circumstances, design of a plan, and implementation and review. Check out this article showing that Canadians need to address their financial plans...
Canadians Lag in Financial Planning
http://www.advisor.ca/news/canadians-lag-in-financial-planning-49372
… should this article motivate to you review your current plans, don’t hesitate to give us a call.
Friday, May 13, 2011
It's been awhile but we're back!
Over the last few months, we have been working on reorganizing the flow of our office and revitalizing the services that we offer our clientele. In the midst of all of that, some of our client communications were put to the back burner while we endeavored to ensure that our message remained clear and consistent.
Now that that much of the hard work is behind us, we felt that our first new message here should be directed at what we believe our core value is to you, our valued clients.
Yes, it is true that Algoma Financial offers one of the largest selections of financial products in Northern Ontario, from nearly every available financial institution. But it is not financial products selection that make us different than our competition, it is the fact that our focus is to understand your unique financial needs, and to put together personal recommendations that will help you achieve your financial goals. The products that we recommend are nothing more than a solution to your financial planning needs.
To give you some examples of how we can help you, please read the article linked below. It demonstrates how a financial advisor can help simply and streamline your financial life and how we can help you stay focused on your long-term goals.
http://dl.dropbox.com/u/29129394/ws_nolookingback_e%5B1%5D.pdf
If you haven't reviewed you financial plan in while, or would like a second opinion on things you already have in place, please don't hesitate to call and make an appointment to speak with us. We always look forward to seeing you and listening to your needs.
**Debt Management Luncheons Spring/Summer 2011**
Many people these days are interested in getting their debt and mortgage payments under control. And with the threat of potentially higher interest rates in the the future, this is becoming a growing concern among Canadians. If you find yourself in this situation and would like to learn more about some unique tools that we have to help you save on interest payments, consolidate debt and help you get out of debt sooner, please consider coming to our Debt Management Luncheons schedule through out the Spring and Summer, held here at the comfortable confines of the Algoma Financial Group boardroom. There is no charge for these luncheons and we offers a great menu from Panna Bar & Grill. All luncheon take place from Noon to 1pm so you can get back to work on time.
Our luncheons on Debt Management are scheduled for:
May 17th
May 31st
June 14th
July 12th
August 18th
If you are interested in attending, please RSVP with Clare Weatherby here at Algoma Financial. Our phone number is (705) 949-1316 or by email at cweatherby@algomafinancial.com
We are excited to be back and writing for you once again; and you can look forward to more exciting changes coming from Algoma Financial and Manulife Securities in the coming months. In the meantime, please consider follwing us on Facebook and Twitter.
Cheers,
Kevin & Ellen
Now that that much of the hard work is behind us, we felt that our first new message here should be directed at what we believe our core value is to you, our valued clients.
Yes, it is true that Algoma Financial offers one of the largest selections of financial products in Northern Ontario, from nearly every available financial institution. But it is not financial products selection that make us different than our competition, it is the fact that our focus is to understand your unique financial needs, and to put together personal recommendations that will help you achieve your financial goals. The products that we recommend are nothing more than a solution to your financial planning needs.
To give you some examples of how we can help you, please read the article linked below. It demonstrates how a financial advisor can help simply and streamline your financial life and how we can help you stay focused on your long-term goals.
http://dl.dropbox.com/u/29129394/ws_nolookingback_e%5B1%5D.pdf
If you haven't reviewed you financial plan in while, or would like a second opinion on things you already have in place, please don't hesitate to call and make an appointment to speak with us. We always look forward to seeing you and listening to your needs.
**Debt Management Luncheons Spring/Summer 2011**
Many people these days are interested in getting their debt and mortgage payments under control. And with the threat of potentially higher interest rates in the the future, this is becoming a growing concern among Canadians. If you find yourself in this situation and would like to learn more about some unique tools that we have to help you save on interest payments, consolidate debt and help you get out of debt sooner, please consider coming to our Debt Management Luncheons schedule through out the Spring and Summer, held here at the comfortable confines of the Algoma Financial Group boardroom. There is no charge for these luncheons and we offers a great menu from Panna Bar & Grill. All luncheon take place from Noon to 1pm so you can get back to work on time.
Our luncheons on Debt Management are scheduled for:
May 17th
May 31st
June 14th
July 12th
August 18th
If you are interested in attending, please RSVP with Clare Weatherby here at Algoma Financial. Our phone number is (705) 949-1316 or by email at cweatherby@algomafinancial.com
We are excited to be back and writing for you once again; and you can look forward to more exciting changes coming from Algoma Financial and Manulife Securities in the coming months. In the meantime, please consider follwing us on Facebook and Twitter.
Cheers,
Kevin & Ellen
Subscribe to:
Posts (Atom)