Insurance

For most of us, personal goals are focused on providing for our family and loved ones, so an important part of a complete financial plan deals with insurance. Our staff can help you with sound advice and offer the insurance coverage that will provide for your family. PlanWright Financial offers life, disability, critical illness, and long-term-care insurance so that you and your loved ones are prepared for the unexpected events that life sometimes challenges us with.

Life Insurance

Life insurance is the cornerstone of a solid financial foundation. However, there are many different reasons for life insurance and many different life insurance products in the marketplace. It can be confusing trying to figure out how much life insurance you should have and how it should be structured. That’s where we come in!

Once we have helped you figure out how much and what type of life insurance you need we have contracts with 17 of the largest insurance companies in Canada to insure that we can provide you with the most cost effective insurance solution.

Disability Insurance

After your life insurance needs are addressed the next risk management tool in the order of importance is disability insurance. Many people are lucky enough to have disability coverage through their group benefits plan at work. But, for those individuals who do not have a group benefits plan, or one that is limited in scope, individual disability insurance provides them with the income protection if they were to become sick or disabled.

Mutual Funds† and Segregated Funds

The available universe of mutual funds and segregated funds has become far more complicated over the last 10-15 years.  Every day there seems to be more and more mutual fund and segregated funds to choose from.  This makes it a very confusing environment for the average investor who doesn’t have a great deal of time to focus on their investments.

Credential® Asset Management Mutual Fund Investment Specialists have the knowledge to provide investors with the appropriate mutual funds for their unique needs and risk tolerance.  Similarly, our PlanWright Insurance Representatives are knowledgeable on the full range of segregated funds available to our clients.  This allows us to pick the mutual fund or the segregated fund products that are best for our clients.

Personal Insured Annuities

An insured annuity provides retirement income with tax and estate-planning advantages. With an insured annuity, you receive a steady stream of payments in return for a lump sum deposit. By insuring your annuity, an amount equal to your original deposit is issued to a named beneficiary or beneficiaries when you die.

Tax advantages: Because only the interest portion of each income payment is taxable every year, you can maximize after-tax retirement income without increasing investment risk.
You can earn a pre-tax equivalent yield likely unattainable with today’s fixed income investments.
Because you have a lower amount of payable taxes, you increase your chances of securing government benefits.

If you’re a small business owner, by depositing a lump sum into an insured annuity with little or no cash value, you can reduce the overall value of your business and limit the capital gains liability.
Estate planning advantages.

An amount equal to your original deposit is returned to your estate’s beneficiaries.
These proceeds avoid probate and can be issued directly to a beneficiary without cost or delay.
An insured annuity is a long-term commitment .

The decision to annuitize is permanent and cannot be reversed — it must be carefully considered.
Most annuities cannot be cashed or altered after income has commenced.
Payments cannot be adjusted to reflect changing needs.

Education Planning

In order to put a child, born in 2006, through a four year university/college program it will cost $84,955. In order to offset this future financial burden the federal and provincial government have put in place several beneficial programs to assist. We have the expertise to help choose the right investment products, as well as, how to ensure that you receive the maximum amount of government benefits possible given your situation.