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On My Own Again

 

Whether you have been recently separated, divorced or widowed, the financial decisions you are faced with can be overwhelming.

 

What is important in this season of life is equipping yourself to protect your financial needs, so that you can be in control of your financial future. It is time for you to review your Insurance, financial and Investment needs.

 

If you have recently separated or divorced, some of the issues you will need to address include what happens to all of your assets, including Company Pensions, RRSPs, Canada Pension Plan benefits, Insurance policies (Critical Illness Insurance, Disability Insurance, Health Insurance and Life Insurance) and how your own Investment plans will be affected.

 

The death of a loved one is one of life’s most difficult experiences. If you are a recent widow(er), you may be wondering how to effectively manage the benefits from your spouse’s Insurance policy(ies) and Investments, as well as how to reduce taxes and how best to structure your financial situation to ensure lifelong income.

 

Based on the specifics of your situation, you should review who you have designated as beneficiaries on any Insurance policies, RRSPs or other important documents and make sure they are up-to-date.

 

 

Equip yourself for protecting your future.

  • Re-establish plans to meet your future goals with Debt and Expense Management, income replacement, living within your means, and updating your expense budget worksheet.

  • Protecting your family through the re-assessment of your Insurance protection while protecting your ability to earn an income with:

                    • Life Insurance – to cover debts and replace income

                    • Critical Illness Insurance - source of funds to cover unexpected costs                       and potentially replace income

                    • Disability Insurance -- protecting one of your greatest assets – your ability                       to earn an income

Contact Stewart Financial Services for more information about opportunities that will help you balance your needs for day-to-day income with planning for the future.