A.T. Financial Newsletter
With summer only weeks away,
it's tempting to forget about
financial matters and look
forward to sunny and warm days
and a vacation.
But before the summer days set
it, we invite you to get in touch
with us for a review of your
portfolio, particularly if there
have been any changes in your
circumstances. It makes sense
to ensure everything is in order
now so you can kick back and
enjoy the summer season.
Also, if you received a tax refund
this year, consider how you can
put it to use wisely - perhaps by
adding it to your RRSP or TFSA,
or paying down debt. We can
help you find the most
FOCUS ON INSURANCE
You share a life together, so
why not share life insurance?
Couples looking to reduce life insurance
costs may want to explore the
possibilities of a joint term life policy.
The main attraction. A joint policy is
a great way to make sure your family is
covered should either partner pass away
prematurely and will cost less in premiums
than two individual policies. A joint
first-to-die policy, for example, might be
10% to 20% lower in premiums than two
individual term life insurance policies.
Who they're for. Because the insurance
benefits are paid when the first spouse
dies, joint first-to-die policies are best for
those who will be financially comfortable
after the death of the first spouse, without
needing continued life insurance coverage.
Joint policies are attractive for couples
who have shared financial obligations,
such as a mortgage or the expenses of
It's all about coverage. Because the
surviving spouse will be left uninsured, it’s
essential that your joint life policy provide
a sufficient payout to meet that spouse's
financial needs well into the future and
protect any dependent children in case
that spouse also dies prematurely.
They're not for everyone. You should
also be aware of the disadvantages of joint
policies. For example, in the event of
divorce, a joint policy can’t be split; two
individual policies are easier to deal with.
We'd be happy to explore whether a joint
term life policy is a good choice for meeting
your family's life insurance needs.