Focus on goals, not managing your investments 

Managed solutions are a straightforward way to reduce the amount of time you spend on your investments. These are investment portfolios made up of a diverse mix of funds invested in equities, fixed income, cash and other assets. Professional portfolio managers steer the portfolio through shifting market conditions and help protect against extreme market swings.  

Ask an advisor: Mortgage or individual life insurance?

Find out why individual life insurance is your most flexible option to help protect your family financially when buying a home.

 

 


View video script

 

Description: This animated video introduces a character named Aiko and her advisor with illustrated graphics to show the difference between mortgage insurance and life insurance.

Text “Ask an advisor” appears. The camera zooms out as the text lands in an outlined square. “Mortgage insurance or life insurance?” fades in below. An illustration of a shield with a checkmark draws on the right side of the frame.

Aiko: What’s better? Mortgage insurance or individual life insurance?

Description: Aiko appears in a video chat window on a computer screen. Her advisor’s head nods to the right of the frame.

Advisor: I’d always recommend individual life insurance.

Description: Cut to a split-screen of Aiko at home on the left and her advisor in his office on the right.

Advisor: With mortgage insurance, when you die, the money goes to the lender, and they use it only to pay down your mortgage.

Description: An illustration of home draws into the frame. The home moves over to the left and an arrow animates in, pointing towards a box labelled “Mortgage.”

Advisor: As well, your premium payments stay the same while the balance of your mortgage and your insurance coverage decreases.

Description: Cut to a line graph labelled “Mortgage insurance” showing coverage over 10 to 50 years. The coverage decreases over time. The advisor’s hand enters the frame and draws a straight line from the top of the coverage to 50 years, dollar signs pop in to show payments. The camera zooms out to show a line graph of “Individual insurance” where the coverage and payments stay the same.

Advisor: But with individual life insurance, you decide who receives the money and how it’s used. It could be to pay off the mortgage. But it could also pay off other debt, or fund an education or a retirement plan.

Description: An illustration of a shield draws into the frame. A dotted line connects the shield to four boxes labelled “Mortgage,” “Debt,” “Education” and “Retirement.”

Advisor: You also get to say how long your coverage lasts – for a short term or for your lifetime, even after your mortgage is paid.

Description: Cut to bar graph displaying the length of insurance coverage from “Present” to “Lifetime.” The advisor’s hand moves into frame, adjusting the bar from 10 years to lifetime coverage.

Advisor: That’s just a couple of the ways individual life insurance gives you more choice and flexibility in how you protect yourself and your loved ones.

Description: Cut back to the split-screen of Aiko and her advisor.

Text “Contact me today to talk about your insurance needs.” appears with legal line: “Video produced by Canada Life. canadalife.com 1-204-946-1190”

8 tips for saving money on your utility bills

There are many ways to reduce utility costs -- these are just a few....

Read more

Ukraine - Russia Crisis and Your Investments

Read more

Easy on your wallet and the environment – go green when you clean

Keeping your home safe and clean feels good. But for a lot of us, using harsh chemicals doesn’t....

Read more

Tips for talking to a financial security advisor for the first time

Does the thought of financial security planning feel like unknown territory?...

Read more

Thinking of buying a condo?

Read more

First-time home buyer? You’re eligible for a tax credit

Are you a first-time home buyer?...

Read more

Four strategies to boost your RRSP savings

RRSP season is fast approaching. Here are four strategies to maximize your RRSP contributions...

Read more

RRSPs and TFSAs: Ways to save on a budget

Matching each saving option to your specific financial situation...

Read more

RRSPs and TFSAs: Which is right for me?

Helping you understand what sets these two savings options apart...

Read more

Prepare for your financial future this Chinese New Year

Chinese New Year is a celebratory time involving family reunions and gift-giving between families, friends and business contacts. It’s also a time for one to reflect on the past year and prepare for the new one....

Read more