Individual Living Benefits for Independent Workers

As independent consultants or contractors our income and lifestyle is  more exposed to the risks that a serious illness or injury.

A serious accident or illness can change your life forever.  Regardless of how prepared you and your family are, the effects of a life-altering event can be devastating. How will your family be impacted if you are unable to earn an income?  How will your wealth and personal savings be affected?

When faced with an accident or illness, many families focus on how to pay for their daily expenses (such as mortgage payments, household bills, childcare costs and their children’s education) instead of concentrating on recovery.  This places undue stress on the family’s finances and personal savings. Wouldn’t it be comforting to receive a tax-fee benefit payment to help your family through such a difficult time?

• Critical illness insurance provides you with a lump-sum payment following the diagnosis of a serious illness
• Disability insurance can provide you with income replacement of up to 55% during recovery from sickness or injury
• Long-term care insurance can provide the necessary funds to pay for additional health care once you are no longer able to care for yourself.

 With this financial security, you and your family won’t have to worry about the financial issues of recovery.

 Whether your insurance needs are simple or complex, there is a solution for you.  We can help you review your current situation and implement strategies designed to protect or grow your assets based on your needs.  No matter what your needs are, the solution will always be focused on achieving one distinct goal – enhancing your wealth. 

 If you have any questions or would like more information, please do not hesitate to contact me at (514) 856-8684 or alain.royal@rbc.com.

Attend a free seminar on the Individual Living Benefits on March 5,or 8, 2012 at 7:00pm or March 10 at 12:00 at our offices at 9900 Cavendish Blvd, Saint Laurent, QC H4M 2V2 Suite 310.  Reserve early, space is limited (514) 856-8684 or alain.royal@rbc.com.

Prestations du vivant individuelles

Comme consultants ou entrepreneurs indépendants nous sommes plus exposés aux risques que la maladie ou les accidents peuvent avoir sur notre revenu.

Un accident ou une maladie grave peut changer votre vie à jamais.  Indépendamment de votre degré de préparation à de telles éventualités, les effets des événements imprévus de la vie peuvent être dévastateurs.  Quelles seront les conséquences pour votre famille si vous n’êtes plus en mesure de gagner un revenu ?  Qu’adviendra-t-il de votre patrimoine et de votre épargne personnelle ?

 Lorsqu’elles sont confrontées à un accident ou à la maladie, de nombreuses familles concentrent leurs efforts sur les dépenses quotidiennes (versements hypothécaires, dépenses courantes du ménage, frais de garde, éducation des enfants, etc.) plutôt que sur le rétablissement, ce qui exerce une pression inutile sur leurs finances et leur épargne personnelle.  Ne serait-il pas rassurant de recevoir une prestation libre d’impôt pour aider votre famille à traverser cette période difficile ?

• L’assurance maladies graves vous procure un paiement forfaitaire lors du diagnostic d’une maladie grave.
• L’assurance invalidité peut vous procurer un remplacement du revenu pendant votre rétablissement, pouvant atteindre 55 % de votre revenu habituel.
• L’assurance soins de longue durée peut vous fournir les fonds nécessaires pour couvrir des soins de santé additionnels si vous n’étiez plus en mesure de répondre à vos propres besoins.

 Avec ce type de sécurité financière, vous et votre famille n’aurez plus à vous inquiéter des questions financières liées au rétablissement.

 Que vos besoins en matière d’assurance soient simples ou complexes, il existe une solution pour vous.  Nous pouvons vous aider à évaluer votre situation actuelle et à mettre en oeuvre des stratégies conçues pour protéger ou accroître votre épargne en fonction de vos besoins.  Peu importe quels sont vos besoins, la solution sera toujours axée sur l’atteinte d’un objectif précis : la croissance de votre patrimoine.

Si vous avez des questions ou souhaitez obtenir plus d’information, n’hésitez pas à communiquer avec moi au (514) 856-8684 ou alain.royal@rbc.com.

Assister un séminaire gratuit sur les Prestations du vivant individuelles le 6 et 8 mars, 2012 a 19:00h et le 10 mars a 14:00h à nos bureaux 9900 boul Cavendish , Saint Laurent, QC H4M 2V2, Bur 310.   Réserver maintenant, l’espace est limité: (514) 856-8684 ou alain.royal@rbc.com..

Strategies for building wealth: RRSP Loans

Do You:

• Possess unused RRSP room
• Earn reasonably high income
• Have secure employment
• Have only a small amount of debt or are working to reduce debt
• Sustain good cash flow
• Have concerns about taxes

Then you may be a candidate for an RRSP loan!

 Although the interest on the loan will not be deductible for tax purposes, the taxes you will help save on the RRSP contribution and on the earnings in the RRSP will generally be higher than the loan interest you may have to pay.

 Once you receive your tax refund, you can use this to repay a portion of the loan.

 You must take into consideration the cost of borrowing funds.

• Example 1:
  • You have $15,000 contribution room.
  • You only have $10,000 to invest.
  • You borrow the $5,000 extra to top-up your RRSP.

 The loan helps the you get the most out of your contribution limit.

 When you get your tax refund, you can use the proceeds to help pay off all or part of your loan.

• Example 2:
  • You have $30,000 contribution room
  • Take out loan for $30,000
  • Assuming you are in 50% tax bracket, you would use the $15,000 tax refund to pay back a portion of the loan.
  • The rest of the $15,000 would be paid off most likely at prime +1.5% (or a competitive interest rate over a few years)

And remember: free gift card with every completed Financial Needs Analysis!!!!

Contact me for more information:

Alain Royal

Conseiller en Sécurité Financière, Financial Security Advisor

Compagnie d’Assurance Vie RBC                                                   Tél:  514 856 8684

9900 Cavendish Boulevard #310                                                         Téléc: 514 856 8699

Saint Laurent, (Qc) H4M 2V2                                                              alain.royal@rbc.com

 

 

Les placement et la sécurité financière

Chez RBC Assurances, nous accordons une grande importance au rendement des placements, sans toutefois oublier la sécurité financière. Après tout, personne ne veut perdre de l’argent. Voilà pourquoi nous sommes heureux de vous offrir maintenant des fonds distincts. Les fonds distincts présentent le potentiel de croissance des fonds communs, tout en étant assortis d’une garantie. Nous mettons à votre disposition une large gamme de fonds distincts administrés par les meilleurs gestionnaires. Ces fonds comportent en plus une caractéristique supplémentaire de sécurité. Il s’agit d’une garantie qui protège jusqu’à la totalité de votre placement à l’échéance ou au décès. En outre, les fonds distincts offrent les avantages suivants :

• Admissibilité à 100 % au REER
• Capacité d’éviter l’homologation par la désignation d’un bénéficiaire
• Possibilité de protection contre les créanciers

Les fonds distincts plairont particulièrement aux investisseurs qui désirent faire croître leur actif sans encourir les risques associés au placement sur le marché boursier. Je communiquerai avec vous au cours des prochains jours pour discuter de cette option. D’ici là, n’hésitez pas à communiquer avec moi pour obtenir plus de renseignements.

Chaque samedi matin, jusqu’ au 25 février, je serai à la Branche RBC Assurance de à Place Portabello. 7250 Boulevard Taschereau, Brossard, QC.

 

Venez visiter.

 

Carte Cadeau gratuit avec analyse de besoin.

Contactez:

Alain Royal

Conseiller en Sécurité Financière

Financial Services Advisor

T: 514 856-8684

alain.royal@rbc.com

How to protect your retirement savings

Segregated funds combine growth potential with principal protection

Segregated funds are insurance products that combine the growth potential of mutual funds with the security of principal guarantees.

While segregated funds share many features with mutual funds, they offer additional unique features that you will value. These include maturity and death benefit guarantees, the ability to bypass probate, and potential creditor protection.

The following chart summarizes the added features that can make segregated funds an excellent alternative to mutual funds.

 

Segregated Funds Vs. Mutual Funds

 

Features	Segregated funds1	Mutual funds
Professional portfolio management	Yes	Yes
Diversification among asset classes and management styles	Yes	Yes
Grow a portfolio while diversifying risk	Yes	Yes
Liquidity: easy access to your money through daily price valuations	Yes	Yes
Ability to bypass probate and keep financial affairs private	Yes	Occasionally2
Potential creditor protection for registered accounts	Yes	Yes
Potential creditor protection for non-registered accounts	Yes
A guarantee of the principal (or a specified percentage) at maturity3	Yes
A guarantee of the principal (or a specified percentage) at death3	Yes
Lock in market gains using resets	Yes

 

¹ Segregated fund fees are higher than mutual funds, as they include a management fee and an insurance fee component.

² Applies to non-registered accounts with joint ownership and right of survivorship only in all provinces except Quebec. Registered accounts can bypass probate when a beneficiary is named.

³ Withdrawals reduce guarantees proportionately. Guarantees end at age 100.

The Features And Benefits Of Segregated Funds

Principal guarantee. Segregated funds protect your investments with a principal guarantee at maturity and death.

Maturity guarantee: When a deposit matures and is redeemed (a minimum of 10 years from the date of deposit), you will receive a “top-up payment” if the market value is less than the guaranteed amount (reduced proportionately for all withdrawals and fees).

Death benefit guarantee: When the segregated fund annuitant^* dies, the named beneficiary will receive the guaranteed amount (reduced proportionately for all withdrawals and fees).

Estate preservation. Probate^** is a public process that can be both costly and lengthy. In effect, probate fees act as an actual tax on the estate of the deceased. Segregated funds allow you to bypass the cost and complications of probate, therefore ensuring that more of your assets end up with your named beneficiaries.

Potential creditor protection. It is important to protect yourself in case of a bankruptcy, especially if you are a business owners or self-employed professional. As an insurance contract, your segregated assets may be protected from creditors in the event of a bankruptcy. This is because, under provincial laws, the interests of certain beneficiaries may override the claims of creditors.

Resets. When the market value is in excess of the book value, segregated funds allow you to lock in any gains in your investment by resetting your guaranteed amount annually. With most products, when the reset feature is used, the maturity date will also be reset.

* Annuitant refers to the person on whose life the guarantees and annuity payments are based.

** Probate fees and requirements will vary from province to province.