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

If you get sick your retirement finances are at risk !

Some investment advisors want to retain the use of all your available funds and look at insurance as a expenditure their clients do not need to make . As a risk specialist, I look at the big picture "cost " . If you required treatment in US or experimental medications this could cost over 500 k . Let's assume you had to deplete your investments to take care of these costs what is that going to do to your investments or retirement ? Many computer generated analysis may look great but look at the "cost " if funds are needed for health reasons . Critical Illness insurance may be the best "investment " you make ! Read about this coverage on our web www.tkfg.ca .

Free advice and service need to be qualified !

Obtaining free advice can be dangerous for your health and finances . We all like to save money but we all need good advice to many things that come into our life . I love saving money but not at the expense of bad advice or no advice . Working in the professional and corporate marketplace I get to see enough situations to assist my clients to search out proper , qualified and prove advice . People we work with see our firm as a valuable resource and not only in the financial arena that we play in every day . Our data base is over 3500 individuals so it is rare that we can not assist a individual to connect with a specialist to meet their needs . Our community is full of qualified people and organizations we can introduce you to like : lawyers , accountants , investment professionals , automobile sales , auto tires , renovations , real estate sales or rental advisers , computer services and many more . Our clients enjoy all the services we provide and much more .

Insurance is your best investment !

Critical Illness , Long Term Care , Disability Insurance and Life Insurance are extremely valuable vehicles to protect you , your family and your business . Had a business client this week tell me that she can invest her money and get a better return then critical illness insurance and I said maybe you are correct .One monthly premiums when compared to investment return on same dollars can not be compared when a claim is paid . I asked the client , which would yield you the highest return ?

Insurance coverage has become more valuable then ever before!

How much money do you have to live on if you become critically ill, disabled or have to go into a long term facility?  Maybe not as much as 6 months a go!  How do you protect your hard earned dollars? There are cost effective insurance solutions which will provide you with that blanket of security.  Find an independent " INSURANCE" advisor that represents leading insurers and ask a lot of questions!

Insurance is a valuable tool , do not miss out on its magic !

Properly created insurance program will protect you , your family and your business . Unfortunately you will not be around to see the true merits of a well crafted life policy but your beneficiaries will . Critical Illness insurance is a must but most of the people overlook this valuable coverage . Why ? Ignorance about how this can be of exceptional value at difficult times . If you want , the Critical Illness policy can give you back ALL the premiums if one day you decide that no longer is the coverage needed. I can tell you first hand the benefits of this coverage but do not wait !

Long Term Care

There is a wonderful product which was created for people that want to make sure their future care is guaranteed through a relatively new product . Being a broker , we represent a number of insurers which have gotten into this market and we always custom design a solution which best suits our clients. The policies can be customized to meet your individual needs eg . increasing coverage with inflation , return of premium on death , joint coverage to name only a few of your options . Unfortunately , the number of insurers that offer this product is still limited but with aging population this will change . This coverage is not only available to clients near retirement and can be purchased by younger individuals .

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 !

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 .

Will Planning

Will is a very important instrument that you should have . If you are a business owner , a business will should also be given serious consideration to save on probate fees . I have met a number of business owners who have not gotten around to completing their will . I recently was introduced to a successful business man who when told about a need for wills suggested to me that he would go to the Grand and Toy to get a will kit . After a brief conversation with him , he realized that his corporate lawyer should be consulted as there are business assets in Canada as well as in US . Working with business owners for over 27 years some things just do not change , they forget to properly take care of themselves and their families . I have been asked on a number of occasions if I am a lawyer by people that do not know me and they are a surprised that as a insurance specialist I would have a wide range of knowledge . No I am not a lawyer  , just a professional in the financial services industry that has decided that I will provide much more then a product to our clients . I can introduce you to lawyers who I know are specialists in will planning  .Take the time and consult a lawyer who will take time to explain the provisions of will planning as it relates to you and a lawyer who will not instruct his assistant to print out a standard will for you to sign . In Ottawa , we have a number of legal firms that will do fabulous work for you and ask your friends to refer you a lawyer that is experienced . Every insurance agent is not a specialist as every lawyer is not in will planning .

Do not buy insurance buy freedom instead ?

Insurance coverage is not what you need and you already know that .What you need is cash to take care of your heirs when you die , take care of you and your family at time of disability and or critical illness .

Just today I was delivering a critical illness policy to my client when he asked me if a mutual of acquaintance of ours has critical illness coverage . I asked him why he is asking me that and he said that the individual has to undergo a triple bypass.

Can you , your family and your business survive a major illness ? This illness is not just yours but everyone else's who depends on you.

You are absolutely correct when you say that you can be over insured however I have never heard anyone say that the cheque we delivered on death , disability or critical illness was too much . I have heard though , I wish we would have bought more .

Never lose sight why you would want to buy protection : freedom , comfort ,safety , business continuance ,education ,standard of living , immediate medical treatment anywhere , business relief ,you love someone , estate preservation , keeping family united are only a few reasons !