The TK Advisor - The TK Group Ottawa Blog about Life Insurance, Critical Illness Insurance, Wealth Management and Estate Planning

Why Integrated Planning Works ?

What is a common trait of busy people ? Often they do not take time to slow down and properly take care of their affairs . You may have a lawyer , accountant , investment planner , insurance agent and a banker . When was the last time you had them all together to assist you in your planning and create a working document from which you can proceed to organize your affairs ? Often there is no joint work or a TEAM approach to creating a customized solution and gaps are left open which can cause you , your family and or corporations sometimes millions of dollars !

Critical Illness Insurance , Best Insurance you can buy !

Why is Critical Illness insurance such a great product which has many applications in personal as well as corporate planning ? Today , thanks to our medical research people are surviving health conditions which even 5 years a go would have been fatal . Economic loss can be huge when a critical illness is occurs. Take three major conditions where most claims occur : heart attack , cancer and stroke . How would you personally be effected ? Corporations are dependent on the health of their executive team and a critical illness to any one of them will have a direct impact to bottom line .

Shareholder agreements and overlooked problems

When I meet a new client we gather information which will help us not only understand their situation but also asses their risk . I can not tell you how many times we have reviewed Shareholder Agreements and found a number of surprises : all partners not named in the agreement , insurance not properly structured leaving a fully taxable event from proceeds at death , policies that will not pay a benefit as for that to happen on disability there has to be a drawn up section dealing with the event , wrong type of insurance which does not meet corporate needs and often better structures can be created to provide greater value to all parties . Why does this problem and others exists ? There is no one individual that has examined the shareholder agreement and brought it to the attention of all those that need to know !

Networking , is it a valuable service ?

Many people go to events where the can meet people for the purpose of providing them their service . There are many networking sites that we business people are part of . Have you given consideration to your network and how you will best be able to make valuable use of your network ? My opinion has always been to help people in my network get to expand their service by being a connector . I look to introduce my contacts to each other so that they both can expand their opportunity to work together . Our clients appreciate the fact that we are able to introduce them to quality individuals who are able to provide them with services that are proven to be of top quality . Look at how you n help your network !

Ottawa Business Community needs our support !

Why is it that people in Ottawa go outside our community to get product and services that are available from local companies ? I promote my local clients whenever I have an opportunity to do so . Local companies need our business to survive and thrive . After all they also spend money in the community and pay local taxes for services we all enjoy . Next time you think about buying in Toronto or Montreal take a look around in Ottawa !

Why hire the best professionals ?

Simple answer , they do it right the first time and it costs you less money . When was the last time you had a team of professionals all in one room taking care of your planning ? When was the last time you had an independent audit of your insurance policies as well as reviewing how your existing coverage fits the big plan ?

Networking works miracles !

When do I get a lot of satisfaction ? When I introduce people I know to each other and they benefit ! Being an insurance professional enables me to meet wonderful people from all walks of life . My data base is a valuable tool which enables me to match people with each other for purpose of doing business together and helping each other . The advantage for the people that I introduce to each other is that they have to be able to do what they say they can do . Integrity , honesty and passion brings positive results for all parties !