Whether you’re retired, preparing for retirement or running a business, using an integrated planning process,
we’ll work with you to build a customized financial security plan that best fits your needs, helps you manage risk and brings your goals within reach.
How we work
Financial security planning is about more than planning for retirement or protecting yourself against risk – it is about making dreams come true.
Better understand what financial security means to you by reviewing your current situation and defining goals
Identify and discuss any roadblocks to achieving your goals and analyse your situation
Identify any gaps and build a plan to help you achieve your short- and long-term goals and dreams
Review and monitor your financial security plan regularly to help ensure it continues to meet your changing needs
Four cornerstones of financial security planning
Whether your goals are long-term (such as retirement) or more immediate (such as starting a business or saving for a child’s education),
we can help you build a financial strategy tailored to your needs and those of your family.
In developing your financial security plan, we’ll consider the four cornerstones of financial security planning:
Financial security at death
When you die, how can you help safeguard your estate for your family?
How much income will your family need?
How will inflation affect this income?
Would you like to retire early or reduce the time you spend working?
When you retire, what type of lifestyle do you envision?
How much income will you need to retire comfortably?
How will inflation affect this income?
Do you have access to cash or liquid assets (i.e. assets that can be easily converted to cash)?
Disability and critical illness
How would a critical illness or disability affect your income?
Would a reduced income affect your retirement savings and would this reduction affect your lifestyle?
How much disability or critical illness insurance coverage is enough?
If you become critically ill or disabled and take time off work, how will inflation affect your income?
If you become critically ill or disabled, will provisions in your group plan allow you to continue saving for your retirement?
We want to understand your needs, recognizing they may change as you proceed through life’s stages.
As you start your career, you may want to:
Purchase life and disability insurance to cover your income or protect your ability to earn an income
Purchase term life insurance or critical illness insurance as a cost-effective way to cover an outstanding mortgage or debt
Purchase health and dental insurance coverage if your employer does not offer a group benefits plan
Having children changes your life and your needs. Now is a good time to:
Review your financial security plan
Plan for your children’s education with options such as a registered education savings plan (RESP)
Plan for your children’s education with options such as registered education saving plans (RESPs)
If you own your own business, you may want to:
Buy insurance to help cover outstanding business loans or mortgages if you die or suffer from critical illness
Purchase a health and dental insurance plan
Consider group insurance options for your employees
If you are retired or plan to retire soon:
Insurance can help supplement your income and can help you leave a legacy
Health and dental insurance coverage can take over if your benefits through your employer end upon retirement
The information on this website is intended for residents of Ontario only.
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Mortgage referrals and insurance products, including segregated fund policies are offered through Shewfelt Financial Limited, and Bill and David Shewfelt offer mutual funds through Quadrus Investment Services Ltd. Legal, Copyright and Trademark information.
Representing Freedom 55 Financial, a division of The Canada Life Assurance Company.