Credit Score

Credit score is what . . . ? and what factors influence it
Credit score indicates the risk you represent for lenders.

Scores are from 300 to 900.

High scores on this scale are good. The higher your score, the lower the risk for the lender.

Your score at times, also determines the interest rate by your banks.

What factors influence your score?

Credit‐reporting agencies and lenders use a mathematical formula to figure out your score, which takes into account various factors described in your credit report, such as:

Your payment history:
(Do you carry over a balance on your credit card from month to month? Have you ever missed a payment on any of your debts?)


Any collection or bankruptcy recorded against you:
(Has a collection agency had to collect an unpaid bill from you?
Have you even been bankrupt?)

Your outstanding debts:
(What is the limit on your credit card?
Is your spending close to your credit limit?)

Your account history:
(How long have you had credit?)

The number of recent inquiries made about your credit report:
(How many times has someone asked about your credit report?
How often do you apply for credit cards?)

The type of credit you are using:
(Do you only have credit cards, or do you have a mix of credit cards and loans?)


How? . . . "you can improve your score"

Always pay your bills on time.

Try to pay your bills in full by the due date. If you aren’t able to do this, pay at least the
required minimum amount shown on your monthly credit card statement.

Try to pay your debts as quickly as possible.

Don’t go over the credit limit on your credit card.

Reduce the number of credit applications you make.

Credit score improvement means making sure you have a credit history.

Critical Illness

Critical illness coverage

Critical illness insurance is now more accessible than ever!

Our Transition critical-illness insurance product is now more accessible thanks to the introduction of simplified issue. This new option is an entryway for critical-illness insurance because it provides simple, affordable coverage and the premiums are guaranteed for the duration of the coverage. Transition Simplified Issue is easy to enroll in and is available in T-10 and T-75 modules, with a maximum coverage up to $100,000.

At the time of issue, you can choose a Return of Premiums upon Death or Flexible Return Premiums rider where you can recover all premiums paid.

However, the most important advantage of Transition Simplified Issue is coverage, without a medical exam, for the four main illnesses with the greatest number of claims in Canada, as well as for the Industrial Alliance group. They are:

* Stroke

* Cancer

* Heart Attack

* Coronary Artery Bypass Surgery

By concentrating on these four illnesses, which represent 86% of all claim requests for critical illness, we can offer more competitive premiums for your clientèles.

Life Settlements

Life settlements, provide a sensible exit strategy for unwanted or under performing life insurance policies with an immediate cash settlement

Life settlement is when a policy owner sells the policy to a third party for more than the cash value offered by the life insurance company.

The purchaser becomes the new beneficiary of the policy on death or at maturation, and is responsible for all subsequent premium payments.

With life insurance there are two options, to either let the life insurance policy lapse or cash in the policy for its surrender value. Most insurance agents are aware of only these two options, and it's written in the general contract provision.

In this situation (life insurance settlements) a policy owners can access fair market value for their policies, rather than accepting the lower cash surrender value from the issuing life insurance company.

Life insurance settlements allow you to assign or sell your life insurance policy for an up-front, larger cash payment.

Life settlements are an option for high-net-worth policy owners age 60 or older, this concept has gained attention from high-profile policy holders in the States

Life Insurance Settlements

Life Insurance Settlements is the sale, assignment, transfer of ownership of a life insurance policy to a third party

Life insurance settlements or viatical settlement is the sale of a life insurance policy by the policy owner before the policy matures.

When such a sale is conducted, the price will be less than the face amount of the policy but usually more than premiums paid or more than current cash surrender value. The sale creates immediate cash settlement.

Generally, viatical settlements involve insured individuals with a life expectancy of less than two years.

In United States, without state-subsidized health care and high health care costs, this is practical, because of the high health insurance premiums that severely sick people have to face. This industry grew in popularity in the States in the 80s

When you have a policy holder with terminal illness, or if you are caring for some love ones who is terminally ill. The thought of time and money (expensive health care and care giver's costs) will make you think of the life insurance policy, and what it's cash value will do. This will be a situation for life settlements.

Viatical settlement is similar to buying a bond with a negative coupon and an uncertain redemption date. The return depends on the seller's life expectancy and when he or she dies.

Life insurance settlements, which are similar settlements but involve insureds with longer life expectancies (two to fifteen years).

Investment Planning

Investment planning for retirement

Investment planning is looking at L-O-N-G TERM because equity markets trend moves upwards

Systematic, consistency investment is the best way to follow

When you are young, "dollar cost averaging" is the best because of consistency of investment

The final step is, planning for investment will take you all the way to your retirement

Start with Your Financial Health?

How healthy are you financially?

Are you financially fit, or are there areas of your financial picture that are looking unhealthy?

The scary fact is that most people refuse to know where they stand financially.

Many of us go to the doctor for a checkup, or take our car in to get serviced to ensure that everything is ok but don’t exercise the same level of precaution with our finances.

Everyone should perform an annual financial checkup to review how they’ve done financially over the past twelve months and make sure they’re still headed in the right direction.

Here’s how to perform a self‐checkup of your finances:

The first step in your financial checkup is to set your financial goals.

Know what your financial goals are, re‐evaluate them yearly, to make sure they’re still relevant.

An important step when creating or revising goals is to write them down.

That way, when you’re performing your financial checkup next year you can look back on your written goals to chart your progress and note areas where you’ve fallen short.

Evaluate Changes in Your Personal Situation

Have you gone through any life changes recently or do you anticipate any major changes in the near future?

A job change, getting married, having a baby, divorce, retiring, buying a house, or moving can significantly alter your cash‐flow and your lifestyle.

You may need to adapt your budget, your spending, your savings, and your investments according to these life changes.

Having time to plan for these changes in advance will make the transition much smoother.

You may also find that your financial goals have changed and will need to alter your plan for those changes.

Investment planning is consistency in follow-up

Insurance Planning

Insurance Planning is 1st. step


Proper insurance planning is first of all protect what you already have

For the rich, life insurance provides for a foundation of intergenerational wealth.

Evaluate your protection of assets, have enough life insurance to cover the worst possible scenario, in this way, what you build is left behind for your love ones

Life insurance is also purchased by those interested in achieving specific business, like partnership insurance, business retirement income, and or estate-transfer goals


For most people, it is protection of the greatest asset of all ‐ Income Earning Ability.

Many of us buy life insurance because we want to make sure that our loved ones, especially dependents, remain financially secure after we die.

Income replacement is the No. 1 reason people buy life insurance.

Before purchasing a life insurance policy, consider your financial situation and the standard of living you want to maintain for your love ones, spouse and kids.

Taking into consideration like, who will be responsible for your final medical bills and funeral costs ?

Would your family have to relocate or otherwise change their standard of living after losing your income?

Let's look at the worst situation, this way, "What if I die yesterday"

"How much will my family need, to pay all the bills that keeps coming"

"Bills never stop coming, even if you die yesterday, and you know that for a fact"

Look into the financial needs of the family members, such as: children's expenses, income for the surviving spouse, mortgage and other debt payoffs, college education funds and an additional emergency fund.

We recommend a review of your life insurance whenever you experience a major life event such as a change in income or assets, marriage, divorce, the birth or adoption of a child, or a major purchase such as a house or business.

Make sure you also protect your greatest asset with long-term disability insurance

The basis for insurance is to care for the living when the event of death occurs.

It is peace of mind when we know we can still care for our love ones even though we are not around due to unforeseen circumstance.

Insurances planning is mandatory for every caring parents

Tax Planning

Tax Planning is critical to your financial health

Tax planning puts more money in your pockets and makes you smile from chick to chick

Engaging in tax evasion which is "hiding income" or claiming false deductions which is "claiming for something you don't have". These things are illegal and could lead to fines and jail.

You can save taxes by planning early in the year, the amount of taxes you pay has to do with your knowledge of tax reducing strategies.

A good tax plan uses the tax laws to decrease your taxes, and accumulate more money in your pocket

Your planning objective must be to increase disposable income by reducing taxes .

You must learn and understand the tax system, so you can take advantage to legally reduce your taxes

You are entitled to the benefits, the tax system made available to you

Fear of making the wrong deductions is the reason why we do not take advantage of the tax strategies

To eliminate your fear, the worst is that the audit department could do is to make correction on your deduction, and keep you informed.

The worst you can lose in such a case would be a little interest on overdue tax if you are 'disallowed a particular deduction', remember nothing ventured, nothing gained.

As long as you are not hiding income or claiming expenses that don't exist, you're not doing anything wrong or illegal.

Every year, thousands of Canadians used tax systems to reduce their taxes

Taxes play a major role in every Canadian’s lives.

All the methods we present to you is to help you legally avoid paying excess tax.

Remember tax avoidance is legal, while tax evasion is not.

Tax planning must be made a top priority in your life