Life Insurance… Why do I need it?
The short answer to this question is “you don’t”, but your family/loved ones might. Unless you are using a permanent life insurance policy to shelter passive assets from taxation inside your corporation, or as a tax deferred investment, life insurance is very much a selfless form of insurance.
It is intended to benefit/protect somebody else. To you, it may seem like just another monthly (or annual) cost, but it can be an easy way to make sure that your income, your debt, your savings and your family are all protected should something ever happen to you.
Life insurance operates under a very basic premise, that you love your family and you do not wish any financial hardships on them if you pass away. If this sounds like you, and if you don’t have any life insurance in force, you should consider setting up a risk management review with us to make sure that you, your family and your financial plan are all protected from the unexpected.
If you would like to discuss any aspect of your insurance needs, please contact Jon Glougie.
This information has been prepared by Luft Financial. Opinions expressed in this article are those of Luft Financial only and do not necessarily reflect those of iA Private Wealth. Furthermore, this does not constitute an offer or solicitation to buy or sell any of the securities mentioned. The information contained herein may not apply to all types of investors.
How do we elevate your wealth?
It begins with understanding your needs and creating a comprehensive and tailored financial plan to help reduce tax, manage risk and grow your portfolio over the long term. Learn more about how we help you achieve financial security and peace of mind.
News & commentary
September 2023 Portfolio Management Team Update
September 2023 Portfolio Management Team Update By Elvis Picardo, CFA®, CIM, Portfolio Manager, iA Private Wealth September 20, 2023 Market Review Global equities retreated in August, after posting their best performance in the first seven months of a year since 2009, as uncertainty about the future trajectory of interest rates – fueled by stubbornly high […]
Read more
August 2023 Portfolio Management Team Update
August 2023 Portfolio Management Team Update By Elvis Picardo, CFA®, CIM, Portfolio Manager, iA Private Wealth August 15, 2023 Market Review Global equity indices added to their solid first-half gains in July on optimism about slowing global inflation and a potential end to the Federal Reserve’s interest rate hikes. The MSCI World Index’s 16.2% YTD […]
Read more
July 2023 Portfolio Management Team Update
July 2023 Portfolio Management Team Update By Elvis Picardo, CFA®, CIM, Portfolio Manager, iA Private Wealth July 26, 2023 Market Review Global equity indices rebounded in June, as economic data that suggested resilience in the U.S. economy raised investors’ hopes for a “soft landing” (which is defined as a slowdown in economic growth that avoids […]
Read more