Shanjeeban Baskaran

One of the greatest gifts you can give your child isn’t a toy or a gadget, it’s future financial security.

By starting a participating life insurance policy at a young age, your child can lock in their insurability while they’re healthy, helping protect their ability to have coverage later in life, regardless of future health changes.

Because the policy is purchased at a young age, premiums are significantly lower than they would be as an adult. With a 20-pay design, premiums are fully paid after 20 years, yet the coverage remains in force for life.

As the policy grows, it can accumulate tax-advantaged cash value that may be accessed in the future for opportunities, milestones, or financial needs. When your child becomes an adult, ownership of the policy can be transferred to them, giving them a valuable asset that has been growing for years.

A decision made today can create benefits that last a lifetime.

One of the greatest gifts you can give your child isn’t a toy or a gadget, it’s future financial security.

By starting a participating life insurance policy at a young age, your child can lock in their insurability while they’re healthy, helping protect their ability to have coverage later in life, regardless of future health changes.

Because the policy is purchased at a young age, premiums are significantly lower than they would be as an adult. With a 20-pay design, premiums are fully paid after 20 years, yet the coverage remains in force for life.

As the policy grows, it can accumulate tax-advantaged cash value that may be accessed in the future for opportunities, milestones, or financial needs. When your child becomes an adult, ownership of the policy can be transferred to them, giving them a valuable asset that has been growing for years.

A decision made today can create benefits that last a lifetime.

Critical illness with a RETURN OF PREMIUM RIDER

If you get diagnosed with a serious illness, the policy pays out a tax free lump sum. If you do not, you get whatever you paid as a lump sum.

Critical illness insurance is not about expecting the worst but being ready for it. If you want to know more about it, DM me and I will walk you through the numbers.

AVOCATION refers to a hobby or activity you engage in regularly, especially those that are considered risky or adventurous, like skydiving 🪂 , scuba diving 🤿 , rock climbing 🧗‍♀️,or racing cars 🏎️ . While these activities can be thrilling, they can also significantly impact your life insurance premiums.

Increased Risk ⛔️: Insurers assess the level of risk associated with your hobbies. If you participate in high-risk activities, they may view you as more likely to have an accident or injury, which could lead to a higher chance of a claim. To offset this increased risk, they often charge higher premiums! 💰

While pursuing your passions is important, it’s essential to understand how they might affect your life insurance costs.
Balancing your love for adventure with financial planning can ensure that you’re both covered and cost-effective.

Want to discuss how your hobbies might affect your life insurance or explore affordable options?

CONTACT ME!

📧 [email protected]
📱 647-923-9273

Did you know you can purchase critical illness insurance to help offset unexpected costs if you’re diagnosed with one of 26 critical illnesses and conditions?🩻🩺

Plus, if you remain in good health and your contract includes the return of premium feature, you can get back up to 100% of the premiums you’ve paid💰💵

It’s a WIN-WIN for your peace of mind.

Get in touch for more details
📱647-923-9273
📩 [email protected]

Life. It’s all about overcoming challenges and seizing opportunities: preparing for your first child, buying your first home, planning your retirement and other exciting milestones. To achieve your goals, you need a knowledgeable partner who can put your assets to work for you. Are you ready to push the limits of your potential? Contact me today.

Shanjeeban Baskaran
📱647-923-9273
📩[email protected]

RESEARCH HAS SHOWN THAT THERE’S TANGIBLE VALUE IN FINANCIAL ADVICE AND THAT IT PROVIDES AN UNDENIABLE ADVANTAGE TO INVESTORS.

Desjardins Financial Security Independent Network or DFSIN, and its counterpart in Quebec and New Brunswick, SFL Wealth Management, form a network of financial product and service providers that focus on wealth management and financial planning. Regardless of your goals, we can help you push the limits of your potential.

🎉🎉Cheers to new beginnings, fresh goals, and endless possibilities! Wishing everyone a Happy New Year filled with joy, success, and cherished moments.🎉🎉 Make 2024 your year of financial confidence! 🙌🏽

📱Schedule an insurance review to ensure your coverage aligns with your evolving needs. Let’s fine-tune your policies for the year ahead, potentially saving you both money and worries.

Shanjeeban Baskaran
📱647-923-9273
📩[email protected]