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Retirement Planning with Grant W. Hicks |
 Grant
Hicks, C.I.M., FCSI is a professional speaker, co-author and
a Retirement Planning Specialist . A leader in
the financial industry, Grant has been helping Vancouver
Island residents plan and create their retirement lifestyles
since 1989. |
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There’s an Easy Way to Protect Wealth… Yet, Many Don’t Use It |
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Part of protecting wealth is protecting your privacy. Yet, any stranger can pay a fee and receive a copy of a probated will. After all, it is in public domain.
In a probated will, you see lists of assets, who the beneficiaries are and the amounts they receive. You see where and how the money was invested and the type of investments held. If you have a sizeable estate, would you want every family member
and the world to know?
For some, this may cause great family feuds, leaving more problems behind to worry about today. Is this what you want to think about for your estate? There may be a better way for you.
Investing with a life insurance company into a GIC, annuity or segregated fund portfolio allows you to make a beneficiary designation. Bingo, the privacy issue is avoided. Since it acts as a life insurance contract, it is between you and the
beneficiary. The investment is not probated and the privacy issue is carefully avoided.
Seniors who discover the benefits such as privacy, probate and 100% guaranteed death benefit with their funds soon discover that Canadian life insurance companies have helped people protect their wealth for decades, making it an easy way to
protect your wealth. With GIC’s the rate is guaranteed for the term you choose, say one to ten years. They are also deposit insured up to certain limits per account. With segregated funds, there are some additional benefits:
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100% of your investment guaranteed upon death to your beneficiaries, no loss of capital upon death.
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A maturity guarantee of 100% of your principal investment regardless of stock or bond market conditions.
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While your investment grows, so does your guarantees upon maturity and to your beneficiaries, thus locking in future profits for you and your family.
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Creditor protection for professionals and small business owners. Under the insurance act, you have the potential to protect those investments from creditors. A professional such as accountant, dentist, doctor or small business owner may
benefit.
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Finally the investment benefits. You have the security of the written guarantees, the estate planning and creditor benefits, plus you also have access to most of the top performing investment managers available to build a truly diversified and
well managed portfolio.
If you want to protect your wealth, find out how Canadian life insurance companies can protect your nest egg.
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Exclusive Book Offer |
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The perfect book for conservative investors who want to enhance returns without compromising on risking their capital. |
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