Protect your investment portfolio

You've taken the right steps to build a strong investment portfolio and are looking forward to eventually enjoying an active retirement. You've worked hard, made it a priority to save for the future and relied on the expertise of your advisor to develop a sound investment plan. When it comes to retirement, you'll want to enjoy it on your own terms.

THE CHALLENGE

Do you have protection against your greatest financial vulnerability?- changes in your health.

What would happen to your savings if you or your spouse was diagnosed with a critical illness?

Things like out- ofpocket medical expenses and travel costs would have to come from possibly your investment portfolio. Early withdrawals could have tax consequences. And selling investments earlier than planned might not generate the returns they expected.

Taking time off work to recuperate or care for a loved one could cause a loss of income. In this situation, you might find it difficult to continue to invest. But even temporarily putting a hold on you investment purchases can have a long term impact on portfolio growth.

If you are forced to deviate from their original investment plan, their portfolio may never recover from any lost returns- and their future retirement income could fall far short of what they had hoped for.

When people get sick, no matter how wealthy they are, the first priority if their recovery. Financial concerns can add unnecessary and unwanted worry during an already stressful time.

Here's an example.

• Tom invests $50,000 annually. Value by age 65 could be $2,505,673 assuming 5% annual growth.

• If a critical illness happens at age 55 and $500,000 is required for recovery, value at age 65 could change to $1,650,503. A difference of nearly $1 million.

THE SOLUTION

Have enough critical illness insurance to stop loss and protect assets.

Critical illness insurance helps avoid having to prematurely withdraw money from an RRSP or other investments. It provides a lump sum benefit that can be used however you choose, including:

• Fund private or alternative medical treatment

• Pay down a mortgage or

other debts

• Replace lost income

• Create a trust fund for children

THE RESULT

Asset protection and peace of mind.

By redirecting a small portion of the funds they planned to invest towards paying the premiums on a critical illness insurance policy, you are protecting your assets against the possibility of a future critical illness.

Your investments should be for your future to enjoynot for your medical bills.

If you are interested in more information and how critical illness could be part of your financial plan please contact Mike McPhillips at 416-359-4266 or via e-mail mcphillipsdurkin@nbpcd.co m.

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