Carol Plaisier, CFP®, FMA, AMP

Investment Advisor, HollisWealth, a division of Scotia Capital Inc.
Insurance Advisor, HollisWealth Insurance Agency Ltd.

Oceanside's Financial Expert, With Over 30 Years Experience

Carol Plaisier

Oceanside's Financial Expert

Carol Plaisier - Financial and Mortgage Expert

Life Insurance Options for Oceanside Residents

life insurance papers in file folder

What is Term Life Insurance?

Term insurance is life insurance that is purchased to cover you for a specific length of time, typically 10, 20 or 30 years.

Why Choose Term Insurance?

Term insurance is usually the most economical type of insurance - making it a great first-time option for young adults and couples to get the proper coverage or at any age if you only require coverage for a specific length of time.

 

 

In the event that one dies during the term of coverage, their beneficiary will receive a tax-free lump sum payment. These funds can be used for any reason – pay out mortgages, daily living cost, the cost of children’s education, final expenses, or any other reason. An insurance needs analysis is completed with an insurance specialist to determine how much coverage is enough coverage. You want to ensure that your survivors will be able to maintain their lifestyle in the event of your death. Before the expiry of your term coverage, you should reassess the amount of coverage -- too much or too little, do you want some more permanent type of insurance? Premiums for term insurance renewals typically increase at least threefold at expiry; it is important to check your options prior to expiry.

What is Permanent Life Insurance?

Permanent insurance is coverage that will last from the time of purchase to the date of death. There are several different types of permanent insurance, such as Term-100, Whole Life, and Universal. Whole Life and Universal insurance includes a savings component.

Why Choose Permanent Life Insurance?

If you want to leave a legacy for your children and future generation, whole Life or universal insurance could be the right fit for you. Although permanent insurance does cost more than term up front, it has the benefit of accumulating a cash value over time that may be accessed if necessary. It is important to check the tax implications prior to any withdrawals.

Some people use permanent insurance as a savings tool if they are already maxed out in RRSPs (Registered Retirement Savings Plans) and TFSAs (Tax Free Savings Accounts).

The death benefit will be paid out in a tax free lump sum to the beneficiary or beneficiaries you designated at the time of application. Life insurance payouts also bypass probate and funds are delivered to beneficiaries much quicker than going through an estate probate.

If you life in Oceanside and need additional advice about your Life Insurance options, contact Carol Plaisier today to book an appointment.

HollisWealth: registered: is a division of Industrial Alliance Securities Inc. (iA Securities), a member of the Canadian Investor Protection Fund (CIPF) and the Investment Industry Regulatory Organization of Canada (IIROC). iA Securities is a trade name and business name under which Industrial Alliance Securities Inc. operates. This information has been prepared by Carol Plaisier, Investment Advisor for HollisWealth: registered:, a division of iA Securities, and does not necessarily reflect the opinion of iA Securities. The information contained in this document comes from sources we believe to be reliable, but we cannot guarantee its accuracy or reliability. The opinions expressed are based on an analysis and interpretation dating from the date of publication and are subject to change without notice. Furthermore, they do not constitute an offer or solicitation to buy or sell any the securities mentioned. The information contained herein may not apply to all types of investors. The Investment Advisor can open accounts only in the provinces where she is registered. For more information about HollisWealth: registered:, please consult the official website at www.holliswealth.com .www.carolplaisier.com  is a personal trade name of Carol Plaisier.HollisWealth: registered: is a division of Industrial Alliance Securities Inc. (iA Securities), a member of the Canadian Investor Protection Fund (CIPF) and the Investment Industry Regulatory Organization of Canada (IIROC). iA Securities is a trade name and business name under which Industrial Alliance Securities Inc. operates. This information has been prepared by Carol Plaisier, Investment Advisor for HollisWealth: registered:, a division of iA Securities, and does not necessarily reflect the opinion of iA Securities. The information contained in this document comes from sources we believe to be reliable, but we cannot guarantee its accuracy or reliability. The opinions expressed are based on an analysis and interpretation dating from the date of publication and are subject to change without notice. Furthermore, they do not constitute an offer or solicitation to buy or sell any the securities mentioned. The information contained herein may not apply to all types of investors. The Investment Advisor can open accounts only in the provinces where she is registered. For more information about HollisWealth: registered:, please consult the official website at www.holliswealth.com .www.carolplaisier.com  is a personal trade name of Carol Plaisier.
Insurance products are provided by HollisWealth Insurance Agency Ltd.Mortgages by referral provided by InvisFor further information, Carol can be reached at the HollisWealth office in Parksville at 250-248-2399 or by email at