Financial Insurance Tips

It’s RRSP Season: Are You Ready?

Mon, 13 Feb 2012 22:26:00 GMT

Income Plus Guarantees Your Retirement Income, with an Added Bonus

Have you ever sat down and asked yourself a question: how will you be making a living after retirement? How much money will you need, and how much will you have to spend? When it comes to retirement, everyone wants to save up a nice sum of money to secure their rewarding futures. We all dream of having the highest possible returns for the lowest possible risk. This was simpler in the good old days when safe investments were easy to come by. But today's financial markets have unfortunately become quite shaky. In this kind of investment climate, it is essential to make smart decisions to ensure a steady stream of income at your retirement. Many people have placed their hard-earned money in risky mutual funds, but these funds are not guaranteed to grow! In fact, your savings can take a negative dip if the investments perform poorly. So how can we still live our dreams of a high-return investment with the lowest possible risk?

A wonderful solution comes in the form of an Income Plus Guaranteed Investment Fund (GIF), introduced in 2007 by Manulife Financial. With this investment, your money is guaranteed to grow by at least 5% every year! Regardless of how the market performs, your investment receives a 5% bonus even if you invest the money on the very last day of the year!

Better yet, if the markets improve, your base is recalculated every 3 years to further increase your income. With Income Plus, there is virtually no risk of losing your hard-earned capital, and your money is protected from market downturns.

The only potential caveat to Income Plus is that it generally requires a minimum investment of $25,000. But not to worry - there are many incredible RRSP options available today! Greg and Margaret Nilevsky can find the ideal solution for you, one that will grow your money and protect it from market fluctuations.

So whether you are on the heels of retirement or preparing for the years ahead, now is the time to set up a lucrative RRSP fund. Not only will you be able to save up for a wonderful and secure future, you'll also be saving a huge amount on taxes. Rest assured that your finances are in great shape - speak with your insurance brokers, Gregory and Margaret Nilevsky, today to discover the perfect plan for you.

Call now - tomorrow could be too late!

416 640 2600 Office
416 697 9979 Direct Line

Why Everyone's Talking Synergy

Wed, 25 Jan 2012 19:50:00 GMT

3 Life Needs, 1 Elegant Solution

In today's shaky world, we all recognize the need for a comprehensive insurance plan to protect ourselves and our families. After all, we cannot risk the dramatic consequences of a sudden illness, disability or worse. Insurance is therefore an indispensable safety net that allows our lives to continue comfortably in the case of an undesirable event. Unfortunately, for many people insurance has become a terrible worry and hassle. Paperwork and applications, payments and premium, underwriting processes and unexpected policy changes - getting a good insurance plan can be overwhelming.

But those days have thankfully come to an end with a wonderful solution from Manulife Financial, called Synergy. The Synergy plan combines three essential needs - life insurance, disability insurance and critical illness insurance - into one simple and convenient package. One application, one underwriting process, one monthly payment - it's that easy. Best of all, Synergy is the only plan that does not require you to show your income, occupational class or financial situation. That means this all-encompassing insurance package is available to everyone, worry-free.

With Synergy, the choice is entirely in your hands. You can purchase anywhere from $100,000 to $500,000 in comprehensive protection. Plus, there are many fantastic extras to choose from depending on your unique circumstances. For example, you can add a child protection rider that fully takes care of your children until the age of 25, or a term life rider that gives you extended benefits.

Even without these additions, the Synergy plan is the total package: The critical illness section protects you in the case of over 22 of the most common illnesses, as well as many other conditions. In such an event, you receive an initial payout equal to 25% of your plan's worth. Plus, you may be elegible for an additional early intervention benefit that adds 6.25% to the money you receive. Meanwhile, in the case of a disability, the planholder receives monthly benefits equal to 0.5%. Better yet, the premiums are completely waived throughout the duration of the disabiity. Lastly, in the tragic event of a death, a full 100% of the plan is paid out to the beneficiary.

Synergy has also been used as a great tool for mortgage protection. If a situation arises where you can no longer pay your mortgage due to illness or disability, the Synergy plan kicks in allowing you to continue making your payments normally. This is a far superior method of mortgage protection for several reasons. Firstly, with regular mortgage insurance, the bank is the one that receives the money if something should happen to you. With Synergy, you receive the money and may use it as you wish. With typical mortgage plans, your coverage ends once you pay off the mortgage or if you choose to switch banks. With Synergy, your money is safe and secure regardless of the situation. Best of all, you own the plan! This means your benefits are guaranteed, as opposed to other plans which are usually owned by the bank and are thus subject to constant policy changes or even cancellations. Synergy puts the power in your hands.

Therefore, if you are looking for a convenient, comprehensive insurance package that protects you and your family from all sides, and do not want to go through the hassle of reporting your income or financial situation, Synergy is ideal for you. If you are looking to save time and money in the long run, and avoid multiple underwritings, applications and premiums, Synergy is most certainly for you. With all the spectacular benefits of this incredible three-in-one solution, it is really no wonder why everyone's talking Synergy!

Call Gregory & Margaret Nilevsky today to take advantage of this fantastic opportunity - tomorrow could be too late!

Retire With Peace of Mind

Thu, 15 Dec 2011 22:00:00 GMT

Income Plus Guarantees Your Retirement Income, with an Added Bonus

When it comes to retirement, everyone wants to save up a nice sum of money to secure their rewarding futures. We all dream of having the highest possible returns for the lowest possible risk. This was simpler in the good old days when safe investments were easy to come by. But today's financial markets have unfortunately become quite shaky. In this kind of investment climate, it is essential to make smart decisions to ensure a steady stream of income at your retirement. Many people have placed their hard-earned money in risky mutual funds or segregated funds, but these funds are not guaranteed to grow! In fact, your savings can take a negative dip if the investments perform poorly. So how can we still live our dreams of a high-return investment with the lowest possible risk?

A wonderful solution comes in the form of an Income Plus Guaranteed Investment Fund (GIF), introduced in 2007 by Manulife Financial. With this investment, your money is guaranteed to grow by at least 5% every year! Regardless of how the market performs, your investment receives a 5% bonus even if you invest the money on the very last day of the year! Better yet, if the markets improve, your base is recalculated every 3 years to further increase your income. With Income Plus, there is virtually no risk of losing your hard-earned capital, and your money is protected from market downturns.

You're probably thinking: sounds fantastic, but what's the catch? Well, compared to other investment funds, there is a slightly greater management expense ratio (MER), in the area of an additional 0.5 percent. Also, Income Plus generally requires a minimum investment of $25,000. So yes, there is a caveat, but it is certainly worth it in the long run! You will not have to worry about market fluctuations destroying your savings, or wonder whether your retirement income will run out too early.

For these reasons, it is not surprising that Income Plus has become incredibly popular since the financial difficulties of 2008. In the United States especially, many retirees lost sizeable chunks of their income due to volatile investments. Income Plus will protect your savings in the event of such a downturn. As recession-like conditions continue, this looks like an increasingly smart option for retirement income.

So whether you are on the heels of retirement, or saving for a secure future, Income Plus may be the ideal solution for you. Speak with Gregory and Margaret Nilevsky today for more details.

416-640-2600 Office
416-697-9979 Greg Cell
416-704-1375 Margaret Cell