Our Process

From Income to Impact:
Your Legacy Starts Now.

Your Financial Journey

Key Steps at Each Life Stage

Your financial needs change as your life unfolds. They may also not fit into the traditional life stages. Here's a brief guide to what to focus on at each stage of life event:

Stage 1: The Launchpad

(Ages 20s - Early 30s)
Typical Life Events:
Finish post secondary, start into trade/ career, marriage, kids.
About this Stage:
This is the time to build your financial foundation. Focus on establishing an emergency fund and consistently contributing to a TFSA to kickstart your savings journey. Consider critical illness insurance early, as premiums are lower and coverage protects your future earning potential. Life insurance will never be cheaper, consider buying to protect your future insurability, especially as dependants and larger debt are on their way.
Key Steps:
Start a savings plan for short term goals
Critical illness and life insurance needs may be low but so are costs, securing both locks in pricing and insruability if your health changes
Stage 2: Building Your Foundation

(Ages Mid-30s - Early 40s)
Typical Life Events:
First home, marriage, kids.
About this Stage:
With increasing responsibilities like a mortgage and growing family, this stage demands robust protection. Life insurance becomes critical to safeguard your loved ones and cover significant debts. Aggressively contribute to RESPs for children's education and continue maximizing TFSA/RRSP contributions. Critical illness insurance remains vital, providing financial relief if a serious illness impacts your ability to earn. Remember, your home is not your biggest asset, your ability to earn an income is. If that’s gone, your family could be in trouble.
Key Steps:
Maximize registered savings plans; TFSA/RRSP/RESP
Critical to ensure you have enough life and critical illness coverage for your family
Stage 3: The Wealth Accumulators

(Ages Mid-40s - Mid-50s)
Typical Life Events:
Demanding work and family responsibilities, high income and high expenses.
About this Stage:
These are often your peak earning years which are perfect for accelerating retirement savings. Regularly review and optimize your investments, ensuring they align with your evolving risk tolerance. Reassess life insurance coverage as debts potentially decrease, possibly considering permanent options for estate planning. Maintain critical illness coverage, as the risk of illness naturally increases with age, protecting your accumulated wealth and peak earning potential.
Key Steps:
Review your retirement plan, ensure it’s aligned to your goals
Insurance coverage remains critical, your chances of a critical illness are growing and your partner is still relying on your income for 15-25 years
Stage 4: Pre-Retirement & Transition

(Ages Mid-50s - Early 60s)
Typical Life Events:
Kids in post secondary and getting into their launchpad years, buying vacation property.
About this Stage:
The focus shifts to solidifying your retirement income strategy. Your life insurance needs might change, with permanent options becoming more relevant for legacy planning or estate taxes. Continue holding critical illness coverage to shield your retirement funds from unexpected health costs.
Key Steps:
Adjust investment risk categories as required
Consider short term insurance that can be converted for estate planning and legacy purposes
Stage 5: Retirement & Legacy

(Ages 60s & Beyond)
Typical Life Events:
Retirement, grandkids, bucket list items and legacy.
About this Stage:
Enjoy your retirement while actively managing your income and expenses to ensure your funds last. Life insurance primarily serves for estate planning, covering final expenses or leaving a charitable gift. While new critical illness policies may be less accessible, maintaining existing coverage can provide crucial financial support for ongoing health challenges.
Key Steps:
Ensure your retirement plan is ready to support your lifestyle
Make sure life insurance is in place for estate planning and legacy needs