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

Estate Planning and Insurance Planning go together like bread and butter !

Often people make a series of decisions which look good in isolation but do not fit together and have a disaster on their hands . You can buy insurance but you did not complete an estate plan with that decision alone . Tax efficiency may not be something you were advised about when you bought a product so now you can be paying before tax 30 percent for insurance products you own . Group insurance can be structured to provide executives maximum value and give them best possible coverage .CRA rules are clear on what you can do with coverages and we follow them . There are a number of "schemes " out there that are being flogged by insurance sales people and it is unfortunate as clients do not know they are exposed . No you can not deduct all your premiums from your corporate taxes so learn the rules .

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 !