FINANCIAL SERVICES
Financial & Tax Advantaged Strategies
What sets us apart is that we have developed and perfected a specialized proprietary process that we demonstrate to our clients which has been very successful
1. DISCOVERY SESSION
This session seeks to understand the moving parts in an organization and how they interact. We will discover your objectives and pinpoint any areas of concern.
2. STRATEGY & RECOMMENDATIONS
We carefully consider which financial products best meet our clients’ needs and objectives. We optimize the results by considering corporate structure and tax.
3. IMPLEMENTATION & UNDERWRITING
We begin the process of underwriting the insurance and choosing the appropriate financial product/strategy.
4. STEWARDSHIP
Plans and products are not static. We review and adapt them on a regular basis. We will also guide you to take full advantage of changing fiscal and/or business opportunities as they present themselves.
Life
Insurance
Life insurance offers invaluable financial protection and peace of mind to individuals and their loved ones. By securing a life insurance policy, individuals can ensure that their dependents are financially supported in the event of their untimely demise, covering expenses such as mortgage payments, outstanding debts, funeral costs, and daily living expenses. Additionally, life insurance can serve as a critical tool for estate planning, facilitating the smooth transfer of assets and minimizing potential tax burdens for beneficiaries. Moreover, life insurance policies can provide supplemental income during retirement or serve as a financial safety net in the face of unexpected medical expenses or disabilities. Ultimately, investing in life insurance not only safeguards one's family from financial hardships but also fosters long-term financial stability and protects one's legacy.
Disability
Insurance
Disability insurance offers crucial financial protection by providing a safety net in the event of a disabling injury or illness that prevents an individual from working. It serves as a vital income replacement tool, ensuring that individuals can maintain their standard of living and cover essential expenses such as mortgage payments, medical bills, and daily living costs when unable to work. This coverage provides peace of mind, safeguarding against the potential loss of income due to unforeseen circumstances. Additionally, disability insurance often includes rehabilitation and support services to aid individuals in their recovery and return to work. By investing in disability insurance, individuals mitigate the risk of financial instability and maintain their independence, offering a valuable layer of financial security for themselves and their loved ones.
Critical Illness
Insurance
Critical insurance provides invaluable financial protection by offering a lump sum payment in the event of a critical illness diagnosis, enabling policyholders to navigate the associated medical expenses, lost income, and other financial burdens without depleting their savings or compromising their quality of life. This form of insurance serves as a crucial safety net, ensuring individuals can focus on recovery and maintaining their standard of living rather than worrying about the financial repercussions of a serious health setback. Additionally, critical insurance offers peace of mind to both policyholders and their loved ones, alleviating concerns about the potential financial strain that could arise from a sudden health crisis, and thus promoting overall financial security and well-being.
Group
Insurance
Group insurance offers several advantages to individuals, making it a valuable option to consider. Firstly, it typically provides more comprehensive coverage at lower premiums compared to individual plans due to the pooling of risk among a larger group of policyholders. This affordability makes it an attractive option for individuals seeking cost-effective insurance solutions. Additionally, group insurance often includes benefits such as health, dental, vision, and life insurance, offering a well-rounded coverage package. Furthermore, group plans are usually easier to qualify for, as they often don't require medical underwriting or have less stringent eligibility criteria. Moreover, being part of a group plan can provide a sense of security and stability, knowing that you have coverage alongside your peers, especially in times of unexpected illness, injury, or other emergencies. Finally, group insurance is often offered as an employment benefit, enhancing its value as it provides financial protection to employees and their families while also serving as a tool for attracting and retaining talent for employers. Overall, the value in taking group insurance lies in its affordability, comprehensive coverage, accessibility, sense of security, and its role as a valuable employment benefit.
Estate Protection
Strategy
Estate protection strategy offers invaluable peace of mind and security by safeguarding one's assets and ensuring their efficient distribution upon death or incapacitation. By implementing measures such as wills, trusts, and powers of attorney, individuals can dictate precisely how their estate is managed and distributed, minimizing the risk of disputes or mismanagement. Additionally, estate protection strategies can mitigate tax liabilities, preserving wealth for future generations. Furthermore, these strategies provide a framework for healthcare and end-of-life decisions, empowering individuals to maintain control over their affairs even in challenging circumstances. Overall, estate protection strategy serves as a crucial tool for preserving wealth, ensuring family harmony, and honoring one's legacy.
Tax Advantaged
Strategies
In Canada, implementing a Tax Advantaged strategy holds immense value for individuals and businesses alike. Leveraging various tax-efficient investment vehicles such as Registered Retirement Savings Plans (RRSPs), Tax-Free Savings Accounts (TFSAs), and Registered Education Savings Plans (RESPs), enables Canadians to minimize their tax liabilities while building wealth over the long term. By strategically allocating assets across these accounts, individuals can defer taxes on investment gains within RRSPs, grow investments tax-free within TFSAs, and receive government grants for education savings through RESPs. Moreover, employing tax-loss harvesting techniques and capitalizing on available tax credits and deductions can further optimize tax efficiency. For businesses, taking advantage of tax incentives, credits, and deductions offered by the government can significantly reduce taxable income, fostering growth and reinvestment opportunities. Ultimately, embracing a Tax Advantage strategy empowers Canadians to optimize their financial outcomes while ensuring compliance with the tax laws of the land.
AVERTON
FINANCIAL SERVICES
