INSURANCE AND FINANCIAL PLANNING
INSURANCE AND FINANCIAL PLANNING
Insurance Services
It is relatively simple to buy insurance today, however, the complexity comes when you ask if the Insurance best suited your needs, budget, and is equally reliable when it comes to processing a claim.
The right policy choice will save you time, money and a lot of hassle. The Insurance broker’s job is to help you decide what the best premium and coverage combination fits your needs. The cheapest Insurance policy is not always the best policy. It is important to have the proper coverage and protection for your biggest purchases or life events.
We will:
- Help you understand the complicated Insurance policies and their terms.
- Provide multiple quotes from a variety of Insurance companies which fit best your requirements and budgets.
- Educate you on the coverage you need and assess the coverage you already have in order to maximize the benefit of policies.
- Help you understand the claims process and the times that may vary policy to policy.
The products we serve in
Our experienced Insurance brokers can help you with the following
LIFE INSURANCE PRODUCTS
- Life insurance
- Disability Insurance
- Critical Illness Insurance
- Group Benefits
RAVEL INSURANCE
- MEDICARE INTERNATIONAL Travel Insurance
- VISITORS to CANADA Hospital and Medical Insurance
- SUPER VISA Emergency Medical Insurance
Contact us for your requirements and we will review your policy and insurance needs FREE of CHARGE. Give us a chance to help you save money and secure some peace of mind by addressing your insurance needs.
Retirement planning is a very challenging and critical aspect of most of us. Although most of the Canadians sees the government pension benefits as a key source of income without knowing it will be enough for them or not. A proper financial strategy is important to ensure that the retirement years are comfortable and manageable financially.
Important points to consider are:
- How much money you need to retire considering inflation etc.
- When, why and how to start saving for your retirement
- Proper tax planning during retirement to minimize taxes
- Potential implications on your taxes if you live abroad after retirement
- Impact of working on your OAS & CPP in your retirement years
- Compare investing in TFSAs, RRSPs and RDSPs and things to consider when taking money out of your retirement savings
- Considering Annuities and other investment options as supplement to public pensions
- Housing costs, options and choosing where to live when you retire.
- Tax Free growth of investments
- Key person Insurance
- Disability and Critical Illness
- Group health insurance
- Debt or mortgage Insurance
- Ensures your legacy reaches your intended heirs
- Helps to manage estate and/or other taxes
- Sets up medical and financial powers of attorney, so that someone can take care of you should you become incapacitated
Financial protection and wealth building
Our six-step process explained below can be instrumental in changing your life by:
- Determining what matters to you the most which you want to achieve which is eventually a wish list.
- Sorting out what’s within reach (immediate goals) , what will take a bit of time (medium term goals), and which must be part of a long-term strategy (long term goals).
- Implementing SMART- goal strategy will assist in determining that your ambitions are Specific, Measurable, Achievable, Relevant, and Timely.
- Creating a realistic budget and put a plug on your financial leaks.
- Plugging the leaks in the budget, will depict at least a handful of leftover dollars. This saving, no matter how small it is, can be directed to accomplish your realistic financial goals.
- Monitoring your financial planning progress periodically.
1. Debt Elimination
Eliminating and controlling debt can transform your finances. We assist you in managing the debt effectively which can lead to less costs and more saving available for the future financial goals.
2. Emergency Fund Creation
Emergency fund ensures that your life is financially on track in case of emergency situations like loss of job, sudden illness, or an unexpected financial expense. These situations can put you off track of your short- and long-term financial goals. Our tips on creating an emergency fund may help you not to deviate from your financial goals.
3. Budgeting and Cash Flow
Budgeting and cash flow management is a very powerful concept which we would like to share with you. Managing your cash well is the key to success. Expenses in excess of income means that you are relying on debt to cover your living. Living within your cash flow can be a skill which can be transferred to you by our experts. This may bring valuable information to you for managing your lifestyle expenses better and finding opportunities for savings. These saving opportunities may be directed towards investments or protecting your financial future and goals.
4. Life Insurance, Disability and Critical Illness protection
The most important part of planning for future and ensuring the achievement of personal financial goals is the risk management through insurance. Our life goals may be exposed to various uncertainties like death, disability, critical illness. Once our financial goals and priorities are determined based on the individual situations, it is important to secure the right protection for yourself and your family to combat the unforeseen circumstances. Although Insurance is not a mandatory investment, the proper type of coverage may secure your assets, life quality and financial future.
5. Wealth Creation
Big plans may start with baby steps. While we are assisting you in preparing and managing your financial budgets and establishing short- and long-term financial goals, we an guide you to the wealth building process.
Saving little by little toward your future goals makes perfect sense even as you work on managing your debts, building an emergency fund, strengthening cash flows following budgeting process and protecting your loved ones through insurance. The earlier you start saving, the more time money will have to grow and build your wealth.
6. Preserving your wealth
Preserving the wealth is as important as creating it. Wealth can be eroded by improper tax planning or not having proper will.
Work with a qualified lawyer to put an estate plan in place that:
- Ensures your legacy reaches your intended heirs
- Helps to manage estate and/or other taxes
- Sets up medical and financial powers of attorney, so that someone can take care of you should you become incapacitated
Contact us by providing your requirements and we will review your policy and insurance needs free of charge
We provide Insurance Planning Services to clients across Milton, Oakville, Burlington, Mississauga, Toronto, Guelph, Niagara Falls, Hamilton, Oshawa, Markham, Brampton, Vaughan, Kitchener, St. Catharines, Cambridge, Ottawa, Bracebridge and the surrounding areas.
OUR SERVICE MODEL
Initial meeting with client to understand the detailed requirements
Proposal preparation including fee estimates & signing off service agreement
Allocation of Brillion team members to support client needs
Periodic updates and meetings with clients on progress & deadlines
Review, discussion and finalization of deliverables with clients
Follow up after service delivery and continuous communication on future plans