Canadians have skipped the dishes, sure. But we’ve also skipped vacations, and haircuts, and dry-cleaning, and fill-ups and more — and it’s all added up to the highest household savings rate in history. How will you use this rare opportunity to fast-track your financial plan?
Many Canadian lawyers likely have some form of critical illness insurance but very few know what to expect should they have to file a claim and start taking advantage of their benefits.
There are very clear and compelling reasons why life insurance may be a better option than mortgage insurance. It's all about control, flexibility and cost.
One afternoon not long ago, Steve Wise, a Lawyers Financial Advisor in Southwestern Ontario, got a call from his client, an established lawyer in Windsor, who had just been diagnosed with lung cancer. It came as a complete shock.
Life insurance is often thought of as something you buy to protect loved ones in the event of your death. Viewed through this lens, the premiums you pay seem more like an expense than an investment.
In some cases, it’s easy to go online, answer a few questions, and find the best deal on insurance within minutes. This is particularly true of home and auto insurance where policies tend to have a lot of similarities.
“It’s never too early to get a financial advisor,” says Dawn Marchand, Chief Executive Officer of Lawyers Financial. She adds, “professional advice will help you to both build and protect wealth as you move through your career.”
Meghan Hicks, a Lawyers Financial Advisor in Kelowna, British Columbia, helps many female lawyers manage their finances and plan for the future. After more than a decade working with a wide variety of clients, she has some valuable advice to share.