Investing in Life – The SJH Blog

What is: Financial Security Planning?

What is: Financial Security Planning?

Building and preserving Wealth!  by Stephen J. Hall

Financial Security Planning; covers many aspects of your financial world including:

Life Insurance, Mortgage Insurance, Disability Income replacement and Critical Illness Insurance. Did you know that all these types of plans can be custom designed for your individual needs and budget? Furthermore, some plans can be temporary and others permanent.

Building Wealth:

In order to build your wealth, you should be using all available tools at your disposal. These tools include: RRSP, RESP, TFSA, RRIF, LIRA, in addition to, corporate class Non-Registered investment plans. Many of these types of accounts are also tax deferral tools used by investors to maximize their growth and wealth over time. As a matter of fact, some of these types of accounts may be helpful to ones overall estate planning. In case you were asking, there is no one magic solution to getting rich overnight, so if anyone tells you otherwise, you should have a second opinion before jumping in.


Risk Management:

Take a moment to ask yourself the following:

  1. How long can you live on your existing savings?
  2. What must happen for you to be ready to retire?
  3. What would happen if your income were to stop tomorrow due to sickness or injury, what is your plan B. Would your finances and lifestyle survive?
  4. What will your family or loved ones do if your ability to work was diminished or ended altogether?

Did you know that many Canadians have very little if any insurance coverage for disability or critical illness…  Having a proper Financial Security Strategy in place; including all the important instruments (Life, disability and critical Illness Insurance) and Financial accounts (RRSP, RESP, TFSA, RRIF, LIRA, Non-Registered investment plans) will help you in times of unexpected need, and give you the peace of mind to rest easily at night. Can you take the time to evaluate your existing plans? here is another option, contact me directly! A telephone preview meeting will help you and I, determine if our services are a good fit, why not call today?

If you are a Parent with children under 10, or someone within 10 years of retirement, you need to give me a call for an evaluation of your plans. 514-747-6565, I’m always happy to hear your thoughts!


People don’t plan to fail, they just fail to plan!


Stephen J. Hall
Stephen J. Hall
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