Monday Info blitz........

Last week was a fun one on the job! A few policies delivered, a few policies approved and meet with a couple new prospects who were extremely nice. Insurance seems to be a much more tolerable conversation with the 30 somethings out there.

My first few years in the industry felt at time's depressing because of the negative perception of what Life Insurance provides in value. Today, the streets are singing a different tune and it might not be recognized on Shazam.

Guarantees have proved to be the backbone to anyone who hasn't suffered significant losses in the last year, as their pool of money has had continued growth when the markets grind themselves around the bottom. Specific Life insurance contracts have built in guaranteed portions to the cash surrender value ( fancy term for savings account) that will continue to chug along growing year after year. What this strategy lacks in style or sex appeal it makes up for in it's remarkable ability to stay on course over a LIFETIME. It may not be as topic of discussion when sipping $10 vodka drinks on Saturday nights with your buds but it's something that can always be your back bone to any Financial plan, Estate plan or simply a great way to build tax advantaged savings for the everyday expenses you will face down the road.

I don't know about you but when I invested some money into the market a few ago and my "investment advisor" made a action plan as well illustration as to what should happen to my money, I felt fairly secure that this would take place or at worse a little bit below his assumptions. Today that plan looks like a napkin with coffee stains on it rolled up in my garbage because that is as useful as it will ever be. When I show clients an Illustration i take pride in explaining how this illustration is making their assumptions as well worst case scenario so right from the get go both advisor and client are on the same page as to what this policy will look like in 5, 10,20 50 years etc....

So next time you feel secure with your savings and cash flow, think about ways you can start to control your investments in the future instead of that watch or car you can't even afford. Information is the key to making good decisions, so look to get more information before you spend your next dollar.

Tucker Wright- Toronto Life Insurance