Insurance & Investments

Achieving your long-term financial and lifestyle goals requires understanding and the appropriate insurance and investments.
Insurance & Investments

Family - InsuranceInsurance & Investments

Achieving your long-term financial and lifestyle goals requires understanding and the appropriate insurance and investments.
High Road Planning is an independent advisory firm, therefore able to provide unbiased advice and implementation on appropriate insurance and investment products.

Investment Solutions – Whether your goals include saving for retirement, your child’s education, tax-sheltering opportunities, or generally building and protecting your wealth; there are a full range of investments available to ensure your financial goals become a reality.

However, not all investments are suitable for all investors. It is essential that we all understand what we are investing in, as well as what the risks and costs are.

Insurance Solutions – You have insured your home, cars and personal belongings, but what about insuring what is most important – your life and health? When you insure your life and health, you insure the income that supports your lifestyle and your ability to earn that income.

If your family depends on your income, what would happen to them if something happened to you?
Connect with High Road Planning to build an investment and insurance strategy that will serve you and your family best. Lets talk about how you can turn your insurance premiums into savings.

Investment Solutions

Whether your goals includes saving for retirement, your child’s education, tax-sheltering opportunities, or generally building and protecting your wealth; there are a full range of investment options available to ensure your financial goals become a reality.

However, not all investment options are suitable for all investors. It is essential that we all understand what we are investing in, as well as what the risks and costs are.

A few decades ago, government retirement benefits such as the Canada Pension Plans and Old Age Security provided benefits equivalent to nearly 60% of the average Canadian wage in retirement. Today, CPP and OAS benefits provide less than 40% of the average.

For many people, their personal savings will need to fill that gap in their Retirement Income. This leaves us with the need to answer the following questions?

In order to retire at your current standard of living and have your money last throughout your lifetime?

What rate of return do you need on your savings?
How much do you need to save?
How long will you need to work? And lastly?

If you don?t do anything differently, how much will you have to reduce your standard of living in retirement?
Connect with High Road Planning to answer these questions and build an investment strategy that is most suitable for you.

Insurance Solutions

You have insured your home, cars and personal belongings, but what about insuring what is most important – your life and health? When you insure your life and health, you insure the income that supports your lifestyle and your ability to earn that income.

If your family depends on your income, what would happen to them if something happened to you? Their way of life and plans for the future could be drastically affected. What if you became critically ill and had to stop working, how would you pay your mortgage and other bills? You could deplete your savings just to cover medical costs and household expenses. Anything can happen, that is why it is important to get the right insurance to protect yourself, your family, and everything you have worked hard to achieve.

Connect with High Road Planning to determine the most suitable Insurance Solutions to meet your lifestyle needs today, and in the future.

Life Insurance

Your need for Life Insurance will vary with your age and responsibilities. The amount of Insurance you buy should depend on the standard of living you wish to assure your dependents. You should consider the amount of assets and sources of income available to your dependents when you pass away

Critical Illness Insurance

Ask yourself – if a serious illness kept me from work – if I was unable to do everyday tasks for weeks, months or even longer – how would I cope physically, emotionally, and financially? That is where Critical Illness Insurance comes in – you are free to spend the money as you wish – so you can focus all your energy on recovering.

Disability Insurance

If you become disabled, your ability to earn income may be significantly compromised, and your ability to pay bills or save for retirement could be dramatically impaired. Disability is one of the leading contributors to bankruptcy. Disability Insurance plans are designed to help you meet your income requirements so you can concentrate on recovering from your disability and returning to an active life. If you are permanently disabled, you can have the peace-of-mind knowing you have a source of income.

Long-Term Care Insurance

A time will come due to age, injury or illness, when you will need help to perform the routine activities of daily living ? who will help with your care? Have you considered Long-Term Care Insurance in your Retirement Planning? Like many Canadians, probably not, but you might want to think again.

Health Insurance

If you are one of millions of Canadians not fully covered by a group health plan, you are vulnerable to healthcare expenses not covered by your government health insurance plan. It is reassuring to know that you can have coverage not only for your basic needs, but also when you are faced with an accident or illness.

Banking Solutions

As a part of your overall financial plan, High Road Planning can provide recommendations regarding Manulife Bank’s products and services.

Advantage Account

Manulife’s Advantage Account is a high-interest, low fee chequing account that can be used as your primary bank account or as a secondary savings account.

Business Advantage Account

Manulife’s Business Advantage Account is a high interest savings account designed as the ideal complement to a traditional operating account.

Mortgage and Home Equity Line of Credit (HELOC):

Manulife One Account – Convenience and flexibility in one account. The idea behind Manulife One is simple – having your income and savings work harder to strategically manage your debt efficiently.

Traditional Mortgage – Manulife Bank also has competitive, traditional mortgage offerings that we help you design within the context of our CashFlow and Lifestyle Planning.

Know the Costs, Know the Risk

Every investment has a cost – whether it is a transaction fee, service fee, management fee (MER), deferred sales charge (DSC or LL) or lost opportunity cost. Investment costs can have a significant impact on your wealth building, thus needs to be understood and reflected on as part of your overall investment planning.

We believe in complete disclosure and transparency regarding the costs associated with your investments so that you can understand the options available and the long term impact.

As you move into retirement, you will also face a new set of risks:

Longevity (Outliving Retirement Savings) – The longer you live, the greater your chance of outliving your money during Retirement. Today, there is a one in three chance that a 65 year-old male will survive until he’s 85; for women, the odds are about one in two. For many, Retirement Income will need to last a minimum of 20 years.

Inflation – Even at a low level, inflation can have a severe effect on your income over time. Many people will face a Retirement of at least 20 years, so it is important to keep your savings growing to help protect your purchasing power. Inflation constantly erodes the buying power of savings.

Market Risk and Cycle (Market Volatility) – A significant market downturn near, or during the early years of Retirement can significantly reduce your retirement portfolio and the income it produces.

Retirement Risk Zone – The Retirement Risk Zone is the five to 10 years just before and after retirement. It is the critical time when short-term losses can have negative long-term effects because there may not be enough time for investments to recover.