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

Good advice is available but will you take it ?

We all lead busy lives and sometimes miss out on opportunities to gain knowledge , security and a better life . Sometime people overlook the opportunity to gain valuable insights for reasons unknown . I think that wise people look around and learn from people and things around them . How many times do we learn some of the most valuable things from unexpected , learn to open your senses . A waiter in a restaurant may show you a valuable lesson you may miss if you close your thoughts to ideas . Kids will often ask why when you tell them something and that is how they learn . Why not go out today with a open mind and learn valuable lessons from those that we meet and situations presented to us ? Open your mind !

Critical Illness Insurance is worth more then gold !

I have been in business for 31 years and settled life claims , disability claims as well as critical illness claims . Today I have delivered to a client a cheque for 500 k on a critical illness policy that was in place for 3 years . Between ages 30 and 65 there is a 1 in 4 chance of payout on a critical illness claim and in a lifetime a 80 percent chance of payout . Unfortunately only about 22 percent of people in the insurance industry provide this product to their clients and maybe 3 percent choose to be experts . Critical illness insurance is not a lottery but it is a source of stress relief from financial needs . Best doctors is also included for my clients in all our policies which gives them a valuable second opinion at time of potential medical procedure or claim . We have chosen to support 5 main line insurers because all policies are not the same and getting a policy issued can be sometimes tricky . Call us if you want to learn more and protect your financial well being !

What are you known for and how is your brand ?

In the last 31 years I have met thousands of people through my personal , community and business involvement . I was talking with a friend and he asked how do people know me which surprised me . Do they know me as a : father of 3 ? specialist in estater/insurance planning ? football coach ? soccer coach ? contributor to charities ? connector ? caring ? passionate ? driven ? kind ? CEO of a company ? business partner ? Professional football player ? How well does anyone really know another person is the question . I am careful to protect my brand in any way I can because it took me a lifetime to build and can take a second to ruin . Sometime people get asked to get connected to me on linked in and I am very selective who I accept . I am sure I upset some people when I explain that I only accept people I know well mand or have done business with .

Life Insurance Companies or You the Client ?

Are you working with a professional insurance planner that represents more then two insurers ? Are you absolutely certain ? We continue to educate our clients why we represent over 12 insurers and work with over 5 on a regular basis . We believe that our responsibility is to provide our clients with best value and this expands beyond quoting a premium which is simply a ' best " guess which some people are given by the salesperson based solely on few criteria : age , gender , smoking status and amount of coverage . We applied on a business owner with 3 insurers and only one came back as a standard rate while the other two came in at a higher "rated" premium . Never assume you can not get covered !

Business Life Insurance !

Sometimes business owners are left wondering what type of life insurance they should own and there is a quick answer . You should own the insurance that is only secured after your needs have been properly analyzed . With insurance like shoes , one size does not feet all . There are coverages which are needed and plan design is also of paramount importance . Why ? If you need protection for 5 years , do not get long term insurance . If you are disabled will your disability insurance come through to pay a monthly benefit . Critical Illness insurance properly structured provides much needed cash after surviving 30 days from things like heart attack , cancer , stroke to name a few conditions. Best doctors , within a critical illness contract , also is extremely valuable and my clients have spoken highly of service they receive . When you are not sure what to get , what to discard and what to keep call me .

Owning a business should be a planned adventure !

I get asked about what are the things one should do before getting into a business . Get proper legal and accounting advice would be a priority . Have a business plan . When bringing in shareholders or partners be careful who you " get into bed with " as they may have bed bugs ! Get yourself a mentor and a board of advisers . Have proper funding to enable you on building a business rather then surviving . Last but not least , insure what needs to be and do not waste money on useless products . Do not forget to bring a never quit attitude to win !