Susan shared her story as a lesson for anyone who believes they are too young or too healthy to get insurance that would provide them with income if they are unable to work due to health issues.
At Financial Fine Tune we can help you with your insurance needs, please reach out.
Don't limit yourself by thinking that you're too old to increase your income. Your age should not stop you from taking charge of your financial situation. Remember that your relationship with money is important regardless of your age. If you pay attention to where your money is going and learn how to use it wisely, you can have more money at the end of each month.
It's also possible to start a business or create additional sources of income at any age. Even in their later years, successful people like Colonel Sanders, Grandma Moses, and Lorna Page achieved great things. I myself started three new businesses in my late 60s.
Don't think that it's too late to pursue your dreams. If you're unsure about what you want to do, try something new. You might be surprised by the wonderful opportunities that come your way.
What I appreciate about Moni Beffa from Beffa Law is the valuable information she is providing.
Please - please - for you and your loved ones - please read this and take action!
GREAT NEWS! INSTALLMENT PAYMENTS ACCEPTED AGAIN BY IRCC - Effective immediately for Super Visa Insurance!
This means our Monthly Payment policies are valid as acceptable proof of insurance when submitted with Super Visa applications.
I can offer you the much-loved and client-preferred monthly Payment Plan with all the same rules as were in place prior to the IRCC changes last July.
Please reach out.
Register for the upcoming seminar: financialfinetune.com/seminars
Designating beneficiaries.
Designating a beneficiary, for an RRSP or an insurance policy, is a common practice and should be thought through very carefully. You can indicate who you’d like to leave an asset to after you pass away - you can clarify who gets what.
If you choose a child as a beneficiary, the estate may end up being held by the government until they reach the age of majority, she says.
Chose wisely and seek legal advice, like the services of Beffa Law to help with legal issues!
www.beffalaw.ca/
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Many people create a will and then forget about it.
It is important to revisit your will frequently, especially when there is a change in your family, like a divorce, marriage or birth of a child.
While you review the will, don't forget the other aspects of your estate, such as power of attorney, life insurance coverage and beneficiaries.
When was the last time you reviewed your will?
Testimonial Thursday:
""Having Christina as a Financial Advisor brought me confidence I am on good hands. Working with her for all my insurance and investment needs was a pleasure. She is very knowledgeable, very professional and responsive to customers needs. Highly appreciated to have her in my go to persons for any financial need and much more. Strongly recommend 👌. " - R.I.