Get covered with Noor, Insurance and Investment Advisor

04/08/2024

Segregated Funds come with maturity and death benefit guarantees. You might have heard that before…
In this slide, you can see that in action. The blue segments represent the amount of claims that were paid out as per the market value of the investments.
The yellow segments represent the top-up that was paid out under the maturity and death benefit guarantees.
As you can see, the top-up portion was quite significant in the years 2022 and 2023 when the markets were down.
There is great value in Segregated Funds and it is most appreciated at the time the investment funds are paid/pulled out.

02/22/2024

Talking about money with your partner might not exactly sound romantic at first, but being on the same page financially might help strengthen your relationship.

Here’s our guide to budgeting for couples. https://ow.ly/82o550QBfst

01/16/2024

Enter to win $5000!
It’s easy! All you have to do is contribute to an iA Financial Group RRSP or TFSA by February 29, 2024.
Double your chances of winning by contributing before January 31!
The link to the contest details is below.
As an advisor with IA, I can help you open and contribute to a new RRSP or TFSA account.

Maximizing your savings is good.📝

Maximizing your savings and entering a contest is even better! 🤩

👉 https://ow.ly/t62K50Qlcfj

01/12/2024

A summary of Registered savings options available to Canadians

Until 2009, most Canadians held their retirement savings in an RRSP, where they could claim a deduction for their contributions and then defer tax until withdrawals were made, which generally occurred at retirement. The introduction of TFSAs has provided another powerful savings vehicle that allows investment growth to accumulate and be withdrawn at any time tax free. Unlike an RRSP, you can’t claim a tax deduction for the contributions you make to a TFSA. On the plus side, if you need to withdraw money from your TFSA, you have an opportunity to replace that money because all TFSA withdrawals are added back to your unused contribution room—but not until the following year.
If you have children or grandchildren, RESPs are another popular option. The subscriber (or contributor) makes contributions on behalf of a beneficiary (the child). The contributions aren’t deductible or taxable on withdrawals. The growth is tax-deferred until withdrawals are made, at which time it can be taxed in the beneficiary’s hands if the beneficiary enrolls in a qualifying post-secondary educational program. Contributions to a child’s RESP may qualify for the Canada Education Savings Grant (CESG), and if your family’s income is below certain amounts, you may also qualify for the Canada Learning Bond (CLB).

Reach out to me at 416 670 2540 or [email protected] to learn more.

12/24/2023

Merry Christmas and a very happy new year 2024 to everyone! 🎄✨🎉
Happy Holidays!

11/20/2023

Watch the video below to learn the basics about trusts!

Are they the right tool for passing a portion of your wealth on?

11/14/2023

Continuing Education Day with Assumption Life 🙂
Always learning to better serve my clients

11/14/2023

Continuing Education Day - Assumption Life Tour 2023
Always learning to better serve my clients

09/14/2023

Worried about market volatility? It's important to look at the big picture. Let's talk about how to keep your portfolio on track with your long-term goals.

08/14/2023

Whether you’re healthy or you’re hard to insure, you can get affordable, hassle-free life insurance coverage in as little as 2 days. I know it sounds too good to be true but the insurance industry has evolved a lot over the last few years and this is now possible.
Also, if you are one of those individuals who don’t want to go through a long application process with medical exams this is a great solution for you.
Reach out if you would like to learn more. I’m always happy to help.
☎️ 416 670 2540

06/27/2023

All you need to know as a newcomer about establishing yourself financially in Canada.
I am sure you will have questions once you read the article below. I would be more than happy to answer your questions and provide additional information. Feel free to reach out!

Are you planning on moving to Canada or have you recently arrived? Find out how to successfully set up your finances in your new country.

06/19/2023

Why it’s even more important to plan if you are a single parent.

05/30/2023

Here are 6 tips to help you avoid depleting your retirement savings during your lifetime. Got questions about your finances? I'm here to help!

Life expectancies have never been higher. Here are a few tips for making sure your retirement savings last throughout your lifetime.

05/16/2023

So what exactly is Funeral Insurance? I would like to cover this topic today as the term Funeral Insurance can sometimes leave people feeling a little confused and wondering if they should have some.

Funeral Insurance, also known as Final Expense Insurance or Burial Insurance, is a type of Whole Life insurance policy designed to cover your funeral, burial and other end-of-life expenses.

It has smaller payouts than most Permanent life insurance policies. These policies are much easier to get compared to traditional life insurance since a medical exam is not required. You can qualify for the coverage even if you have a serious illness. For this reason, Funeral Insurance is usually a good option for hard-to-insure individuals; individuals who cannot get traditional Whole Life insurance due to medical or lifestyle related issues.

Final expense insurance is designed to cover the costs your loved ones will face in the event of your death, but there are no restrictions on how the payout can be used. Your beneficiaries might choose to use your funeral expense insurance payout for:
• Funeral arrangements, including viewing and service
• Burial costs, including internment
• Cremation costs
• Medical bills
• Outstanding debt
• Legal costs

If you already have a life insurance policy large enough to cover your final expenses, you may not need a separate funeral insurance policy.

Let’s discuss if Final Expense Insurance is the right solution for you.

05/14/2023

Happy Mother’s Day to all the amazing moms! Each one of you is special 🌸 Hope you’re enjoying this beautiful day!

05/08/2023

Need term insurance to cover a mortgage or other temporary needs? Let’s talk. I can help you save money with a special discount on Foresters term life insurance.
📞 416 670 2540

04/18/2023

Many of you probably have life insurance coverage through work and wonder whether there is any reason to consider a personally owned life insurance policy. I have addressed this very question with numerous clients over the years and would like to share the following insights with you.

Advantages of an individually owned life insurance policy vs group life insurance offered by your employer:
With an individually owned policy, you are the policy owner, and thus, have complete control over the policy. You can make changes to your coverage as your needs change and you can keep the coverage in force as long as you like. With Group life insurance coverage you are not the owner of the policy. The employer can make changes to the coverage or cancel the coverage without your consent.
An individually owned policy is not affected by a change in your employer, occupation or your employment status (employed, self-employed, unemployed or retired). Group life insurance will stay in force only as long as you are with that company/organization. Converting it to an individually owned policy is expensive and will cost you more than what you would pay for the same coverage under an individually owned policy.
Group life insurance often does not meet the life insurance needs of most individuals and it cannot be customized. In most cases, it needs to be supplemented by an individually owned policy. An individually owned policy can be customized to meet your short-term and long-term life insurance needs. Critical illness coverage and disability coverage can be added on as riders, among others.

Hope you found the above useful and now have a better understanding of the importance of having a personally owned life insurance policy!

04/11/2023

Whether you’re healthy or you’re hard to insure, you can get affordable, hassle-free coverage in as little as 2 days. I know it sounds too good to be true but the insurance industry has evolved a lot over the last few years and this is now possible.
So if you are one of those individuals who don’t want to go through a long application process with medical exams this is a great solution for you.
Reach out if you would like to learn more. I’m always happy to help.
☎️ 416 670 2540