TYPES OF ACCOUNTS

INVESTMENT PRODUCTS

  • MUTUAL FUNDS
  • STOCKS
  • BONDS
  • GIC'S
  • DAILY INTEREST SAVINGS ACCOUNTS
  • ANNUITIES
  • SEGREGATED FUNDS
  • ETF'S
  • BANKING 

 

Mutual Funds

A mutual fund is a professionally managed type of collective investment that pools money from many investors and invests in a basket of investment securities (typically stocks, bonds, short-term money market instruments, other mutual funds, other securities, and/or commodities such as precious metals). The mutual fund will have a fund manager who trades (buys and sells) the fund's investments in accordance with the fund's investment objective.

Mutual funds are an excellent way for smaller investors to diversify their portfolios. Specialized mutual funds such as precious metals funds, high yield funds, or overseas investment funds help investors access the specific expertise and concentrated efforts of different fund managers

 

Banking

If you want to Save money, Get out of debt sooner or Simplify your banking we offer:

Term Deposits - as a broker we do the shopping for you to ensure you get the best rate possible. Term deposits available in both registered (RRSP's, RRIF's, RESP's, TFSA's)  and non registered accounts.

High-interest savings account that gives you the features and flexibility of a chequing account – all in one account. With online and telephone transfers, pre-authorized chequing and bill payments, and debit card access, you can access your money when and where you need it.

All-in-one borrowing and chequing  accounts which can address many common financial needs.

An account to consolidate your debt  into one account at competitive low rates. Your income and savings can also be deposited into this all-in-one account which should immediately lower your debt and, consequently, the amount of interest you pay.

These accounts are designed with simplicity in mind because managing your money shouldn't be complicated

 

Disability Insurance

Canadians protect their valued assets by purchasing home and Auto and home insurance, but often overlook protecting their means of income.  An injury resulting in disability will impact your income, making it difficult to pay bills or maintain your standard of living.

The number one cause of mortgage defaults and savings decline is due to loss of employment due to injury or illness. Disability insurance is a product that protects your ability to remain financially stable should a debilitating injury or accident threaten your ability to work

You may have one of the following coverages, but they are limited in scope of coverage.

Worker's compensation only pays out in work-related accidents.
Unemployment insurance typically pays for 15 weeks, which is generally insufficient for serious injuries.
Canada Pension Plan and Quebec Pension plan offer only limited benefits.
Group coverage typically doesn't offer enough coverage and may be limited by type of disability.

 

Term Life Insurance

Term life insurance is designed to provide affordable life insurance protection for a specific period of time, or “term” as the name indicates. The term may be a fixed number of years (eg. 10 or 20 years) or to a set age (eg. age 75). If you die during the term, your beneficiaries will receive a death benefit. If you don’t die during the term, no one gets the death benefit and the insurance ends. However, some term life insurance policies can renew at the end of each term for a further term, which lets you keep your insurance for a longer period of time if you need it.

Premiums, or the price you pay for your insurance, typically stay the same during the initial term, but increase each time the policy renews for another term, and the renewal premiums may or may not be guaranteed.

 

Mortgage Insurance

Mortgage Life Insurance is a life insurance plan that is designed to cover the balance of your mortgage should you pass away. It is a term insurance product where the term of the policy matches the time it would take to pay off the mortgage. The policy remains in force even if you sell the property or change mortgage providers.

Mortgage insurance is typically provided by your mortgage lender with the purpose of protecting the lending institution.  The following are the benefits of our policies:

Our premiums are guaranteed to be more affordable than your lender

You are the owner of the policy and not your lender

Your coverage does not decrease in line with a mortgage as it does with your lender

You are free to select who gets the benefit for your policy, as opposed to your lender automatically being the beneficiary.

Your family can choose to cover the mortgage as well as use the benefit for any other needs.

 

Permanent Life Insurance

Permanent life insurance is designed to provide insurance protection for your entire life, no matter how long that is. This means you can keep your life insurance coverage as long as you live, provided you pay your premiums when they are due. And if you die while your insurance is in effect, a death benefit is paid to your beneficiaries.

Permanent insurance typically accumulates a cash value over time, and under certain circumstances, you can borrow money from the insurance company, which is secured against the value of your policy. If you choose to cancel your insurance, you receive the cash value of your policy at the time of cancellation, minus any amount you owe to the insurance company.

Premiums for permanent insurance are often guaranteed not to increase as long as your insurance is in effect.

 

 

Health/Dental Insurance

Make sure you're covered for everyday health needs, medical emergencies and rising drug and dental costs with supplemental health insurance.

 

Critical Illness Insurance

According to Canadian statistics on average, one out of every two men and one in three women are diagnosed with a stroke, heart attack and cancer. Even though the rate of critical illness increases every year, progress in medicine makes it possible for patients to recover from serious illnesses like never before. As you recover, you may not be able to earn an income, your outgoings could rise significantly, and your life insurance policy may not help.

Critical Illness Insurance is a reliable product that can protect you and your family should you be diagnosed with a covered illnesses or condition.

Conditions covered under a critical illness insurance plan vary depending on the provider. What is typically covered is: Cancer, Heart disease, Stroke, Alzheimer's, Coma, Organ failure, Kidney failure, Paralysis, Bacterial Meningitis, Loss of Hearing, Loss of Vision, Loss of Independent Existence, Multiple Sclerosis, Parkinson's Disease, Occupational HIV infection, Aortic or Heart Valve Surgery

How the Critical Illness benefit can be used?

You have the freedom to use the benefit to best suit your needs:

Source of income - the benefit can be used as a source of income while you focus on recovery.

Cover large debts - Pay off the balance of your mortgage, credit cards or other debts.

Medical treatments & private care - get access to the latest treatments as well as private care services that are not covered by a government health plan.

 

Travel Insurance

Emergency Medical Travel coverage ensures you’re protected from steep out-of-province and out-of-Canada emergency medical costs. Choose a Single-Trip or Multi-Trip Annual plan type.

Trip cancellation protects the financial investment you made in your trip from unexpected trip cancellations and interruptions.

If you've purchased Emergency Medical or Trip Cancellation & Interruption coverage, you can add Baggage Loss, Damage & Delay coverage to increase your protection while travelling.

Emergency Medical and Trip Cancellation & Interruption coverage can be purchased separately or as a bundle. It allows you to choose the coverage that will help you prepare a worry-free trip!