Ensure my children's financial security if I were to die before they are self-sufficient
Maintain our standard of living in the event of the unexpected
Prepare my children's future
Prepare my retirement

My solutions

Ensure my children's financial security if I were to die before they are self-sufficient

I want to make sure that my children won't have to go without and that they maintain their standard of living if I were to die prematurely.
 

• Life Insurance: Having life insurance gives me a peace of mind. If I die, my children would receive a tax-free benefit that would ensure their financial security until they are no longer dependent.
   

Pay off my mortgage.
 

• Mortgage Insurance or Personal Loan Insurance: In the event of death, both of these types of insurance would help to pay-off my mortgage loan. I could thus leave the family home to my children instead of the lending institution.
   

Maintain our standard of living in the event of the unexpected

Avoid the negative financial consequences of an accident or illness.
 

• Critical Illness Insurance: If I am diagnosed with a critical illness, I would receive a tax-free lump-sum payment in my lifetime. I can use this money to pay for the additional expenses due to my health condition.
   
• Accident Insurance or Complementary Healthcare Insurance: Offered at an affordable price, these two types of insurance can meet my needs, covering such expenses as hospitalization, paramedical and dental care, prescription drugs and ambulance transportation. They can also provide a lump-sum payment in the event of a fracture, dismemberment, paralysis or accidental death.
   

Set money aside for emergencies. As I'm the sole provider for my family, I must plan for the unexpected such as a leaky roof or car trouble, for instance. All these worries dissipate when you have the cash to take care of them.
 

• Guaranteed Investment Certificates (GICs) are just the thing because they are guaranteed and redeemable at any time. With these funds, I can handle the unexpected without jeopardizing our financial security or our projects.
   

Prepare my children's future

My sons' education is vital. I want them to have the opportunity of a higher education without having to worry about finances.
 

• Registered Education Savings Plan (RESP): I decided to set up this plan because it's the best way to contribute to their education when the time comes. It's easy because I've included these payments in my budget along with my car-related expenses.
   

Prepare my retirement

I've also thought about myself. At 60, I'm going to stop the nine-to-five routine and start my well-deserved retirement. The boys will be on their own by then, and I'll set out to discover the world.
 

• The Guaranteed Investment Funds, multistrategy investments and my group RRSP from Desjardins Financial Security provide me with the needed funds. These investments meet my security needs with regards to my RRSP portfolio. In addition to being managed by professionals, the capital in the segregated funds and multistrategy investments is guaranteed at maturity. As a result, I have the best of both worlds, security and performance.
   

Since my investments are issued by a life insurance company, I've designated a beneficiary for each of my contracts. When I die, the capital will go directly to the beneficiary and thus be excluded from my estate and won't be subject to probate fees.*

* In Quebec, a notarized will and the estate capital are not subject to probate.

I need advice tailored to " My situation"

I want to contact a financial security representative who will assess my life insurance and savings needs and suggest products tailored to my family and my financial situation.