A valued and trusted advisor to professionals, business owners and corporations, Milan is the founding principal of TK Group and a member of the Society of Trust and Estate Practitioners, Canadian Advanced Life Underwriters, TiE and Barrington Wealth Partners. Milan's integrity, knowledge, and passion for financial planning are qualities his clients appreciate and trust with their integrated financial planning.

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May 2008

May 04, 2008

Critical Illness Insurance and Long Term Care

I am puzzled why these products are not more sought out by consumers . Maybe the better answer is why are the insurance people not approaching their clients to secure this coverage . In my estimation , these two products may be the best insurance policies that you will ever get for yourself . Yes the insurance agents complain that Critical Illness is harder to get due to medical underwriters but in no way is it impossible . One professional once said to me at a social gathering , I was told by a insurance agent I will not get Critical Illness insurance because of my family history . The agent went to her trusty company general guide and followed the suggestion from her "ONLY" insurer she is allowed to sell for and they told her not to bother . Needless to say , our client , and his wife now have a critical illness policy today .Critical Illness is valuable to ultra wealthy and anybody else that can qualify for coverage . There are ways to structure this coverage to even qualify for tax deductibility of premiums. Long Term Care is even less presented to the potential clients . Why ? There are not many insurers selling this coverage and sales people , just like Critical Illness , rarely take the time to understand it . My assistant encouraged me to look at this coverage for our client base and it was a real eye opener . Again , work with a knowledgeable " TRUE BROKER " WHO CAN SHOW YOU A NUMBER OF PRODUCT DESIGNS AS WELL AS FROM A NUMBER OF INSURERS . Do not allow yourself to buy a off the shelf product without examining all the options . Remember , Critical Illness policies are not savings plans , they can return a premium in 10 or 15 years if you have not claimed but you have paid a considerable additional premium for this "PRIVILEGE ". Remember , you are buying protection so get as much coverage as you can afford .

Money for your health !

Are you in good health ? Do you know for sure ? What would happen if you survived a Critical Illness ? Doctor tells you after your heart attack that you are recovering and you can go back to work in 4 to 6 weeks . Great you say ! How will your life change ? Will you have 5 appointments a day and work again at night ? Let me tell you one thing for certain , everything gets questioned after a Critical Illness like a heart attack . You will want to change your lifestyle , statistics say that 70 percent of people that have a heart attack make the necessary changes to prolong their life , to extend your life . What allows you to change your life style , work and personal life ? Money ? Critical Illness provides you with a lump sum after survival of 30 days .We have already delivered two 500000 dollar payout within last year alone to clients who are very thankful they had the coverage . While your health is good , get your coverage in place . You should consider this coverage for your husband , wife or your partner . The other persons Critical Illness will ABSOLUTELY have a impact on you .

I urge you to get your coverage while you are healthy enough to qualify !

May 07, 2008

What is your stock broker , investment advissor or discretionary money manager not telling you ?

A number of investment advisor's are oblivious to potential problems you can face in your golden years from health issues . I have seen a number of advisor's telling their clients to buy permanent insurance , section 148 of ACT , to accumulate wealth through tax deferred growth within a permanent insurance policy . While at " times " this makes a whole lot of sense for " some " clients they are absolutely not seeing a potential problem in later years .

There are a million financial planning tools that can tell you how much money you " may " be able to retire on however they can not show you what happens if you have to take a 450000 dollar withdrawal to get health treatment in US for bone marrow transplant . Think about this , what if you and or your spouse had a 2000000 dollar Critical Illness or Long Term care policy to protect your financial well being . Things like private duty nursing are very expensive but not properly covered by our health system . We all have another huge problem , many of us are baby boomer's , the health system is already busting at the seams and we can not expect it to get any better soon . Insurance coverage like Critical Illness and Long Term care should be considered as buckets of money that many of you may need . So for all you " MONEY " advisor's , for God sake wake up and help your clients protect themselves by sending them to a specialist that is able to help them protect their lifestyle . Unfortunately , bank investment advisor's are only allowed to send their clients to a insurance salesman that works for the bank selling traditional life policies . I must say that there are those bank employees who realize their clients need specialists in insurance and do call us however , they could lose their jobs if caught . There are people who care more about the client then the company or bank they represent , they should be congratulated . Am I being harsh , absolutely not as I am just telling the truth ! Insurance advisor's , take time and learn products from various insurers so you can give informed advice to your clients . Help your clients and do your job by providing them with specialized advice to protect their wealth .

May 17, 2008

We need a Canadian Football Team in Ottawa

Ottawa is in a desperate need of having a football team and most of the town is snoozing at this opportunity at our doorstep. First of all , the people that are leading a new franchise are first class individuals , corporations and citizens of our city . These people are also very successful so we will not have to deal with the shenanigans of some of the past owners . They are all proud and would not put their name on junk ! So with all this going for the team why is the Ottawa city council sleeping " again " at the wheel . Maybe they are looking for that perfect scenario . Wake up people and support this new business venture and a sport opportunity . God only knows we need more business to generate tax dollars as well as revenue for our city . Last time I heard , we are losing jobs in the city with closures of companies that got BIG FAT incentives to move here . WAKE UP OTTAWA !!!!!!!!!!!!!!!!!!!!!!!

May 19, 2008

Keeping focused on what is important not on what is a emergency !

It is always interesting to talk to business people, we all have our own issues to contend with on our daily journey to deliver a service to our clients . There are many interruptions in the day which can throw us off our game and time schedule . A client once asked " which should you deal with something important or a emergency ?" . His answer , " something important " . I asked why ? " because emergency is created generally by someone els who generally screwed up and made it a problem to you . It reminds me of a saying my client said to a individual in a business meeting  " do not tell me about birthing pains just give me the baby" . Focus on what is important in life your health ,family , business , friends .

May 21, 2008

Charitable giving In Our Community

We are living in a world where there are numerous charities that need our support . We are fortunate to have people in our community that constantly give and without fanfare . Without these people and corporations we would not enjoy the services and facilities . Ottawa Hospital Foundation and Ottawa Heart Institute are only a few that we are involved in . We as a community have a responsibility to get active in working through charities. We can donate funds or our time which is as equally important . I can personally say that if it was not for the Ottawa Heart Institute , I as well as numerous others may not be here today . I was speaking to a client about my experience with the Ottawa Heart Institute and he said that if we had had the services years a go that we do today his dad would have been alive . Please give to our local charities as we all benefit.

May 23, 2008

Why give business to local companies in Ottawa ?

One thing that drives me crazy is when people in our community go outside to access  products and or services from companies that are not located in our community . There are many very good Ottawa Businesses that need to be supported by our community . Why ? Because they are our neighbors , they give tax dollars to improve our community , they live here and spend their money here which further strengthens our community . Why do people feel they need to go to Montreal or Toronto to buy a product or service ? I am not advocating that you buy a product or service from a Ottawa company at all cost but I am asking you to open your eyes to who is here in your back yard .

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