Interactive retirement planning is the most effective method of identifying where insurance fits for families. This planning approach eliminates insurance 'transactions/sales' and completely eliminates 'concept selling'. Insurance solutions becomes obvious to those who participate in this type of meeting.
Using screen sharing technology, we will build a retirement model in real-time...together. No questionnaires, no homework. Just be prepared for a great conversation.
Once a retirement model has been created, I show you how various economic/financial matters will impact your financial situation. Do you have enough money for health care? What happens if you become disabled?
Traditionally, insurance products (ie. life, disability, critical illness, etc.) are "sold" as a commodity. The retirement planning process that is completed together will show exactly where insurance fits with a families plan.
When a retirement plan has been completed, it's very easy to see when insurance policies are no longer required. Sometimes the insurance you purchased years ago is outstanding. When was the last time somebody reviewed your insurance in the context of your retirement planning?
We will discuss what happens at death. What tax liabilities exist and how can we plan tax efficiently. Have you completed your Wills and Powers of Attorney? Have you considered hosting a 'Family Meeting' with your children to discuss your planning?
Charitable giving in Canada is very difficult business. Through the planning process, there have been instances where we can utilize existing life insurance policies (that you purchased years ago) to eliminate tax by strategic charitable donations. This is advanced planning strategy that is often overlooked.
Most retirement planning meetings take between 45-90 minutes. You should be prepared with personal financial details (ie. investment balances, pension details, etc).
A 'Live" retirement plan is created with your input. We work together to build different 'what if' scenarios (ie. "what if I sold my home when I retire?"). We will also develop some 'stress tests' to demonstrate what risks could negatively affect the plan.
You should be prepared for an engaging, enjoyable conversation.
When the meeting is complete, you receive a copy of the plan and a detailed summary email (with whatever attachments are appropriate) explaining next-steps.
Below are some examples of post-meeting notes from families just-like-yours.