This Expert Advice from Equitable Bank, Canada’s Challenger BankTM, will offer practical insight into unique wealth solutions and planning strategies to help clients navigate the uncertain environment – and meet their diverse needs.
November 21, 2022Learn why Immediate Financing Arrangements can be the right strategy for affluent clients.
Many Canadians fail to consider Immediate Financing Arrangements (IFAs) when structuring their estates or supplementing their insurance coverage. Why? Because they assume IFAs are difficult to understand. To help educate your clients, we’ve assembled a list of frequently asked questions – and answers – about the many advantages of IFAs.
If talking about life insurance can be awkward, an Immediate Financing Arrangement (IFA) can help soften the conversation and diminish the financial burden on your clients. Our actionable 4-step process makes it easy for Advisors to initiate this discussion and effectively position the long-term benefits.
Rising inflation can impact cash flows for many Canadians, as well as the affordability of life insurance. It’s at such times that Advisors may need to offer creative solutions to meet their clients’ insurance needs—while still effectively managing their finances.1
With inflation spiralling out of control, insurance premiums are on the march higher, along with other costs. At this critical time, many Canadians can benefit from a creative solution to protect their loved ones—and their cash flow.1
Many Canadians want to optimize their children’s inheritance. Learn how to reduce their estate tax bill with an Immediate Financing Arrangement (IFA) on a whole life insurance policy.1
PAID CONTENT Sure-fire opportunities When clients undergo significant life events, their need for insurance coverage often grows accordingly. Marriage, home ownership, parenthood – any number of transitions could drive them to seek extra protection, and the result is an interesting opportunity for advisors as well. Using a niche lending solution known as a CSV Line […]
PAID CONTENT The upside for Advisors Advisors dealing in Whole Life insurance may miss an opportunity to grow their business if they leave this niche borrowing tool off their product shelf – the ‘Cash Surrender Value’ line of credit (CSV LOC). As you can read in our previous articles, the use cases for a CSV […]
The average lifespan of Canadians has increased dramatically in recent decades, and there’s a budding concern about maintaining quality of life through the Golden Years. To this end, Equitable Bank’s CSV FLEX Line of Credit offers a tax-efficient source of cash for Canadians with a whole life insurance policy.
PAID CONTENT Canadians who own a whole life insurance policy often buy in with the expectation that policy dividends will eventually cover their entire premium amount. This “premium offset” scenario is useful for Advisors looking to manage cash flow within their client’s financial plan, yet there’s a potential roadblock that many fail to consider: What […]
Dive into a series focused on how our industry is adapting to meet new advisor and client needs.
This two-article series from Beneva shares fresh ways to discuss saving with clients.
This new two-article series from Beneva shares fresh ways to discuss insurance with clients.
For a business and its owners, planning, insurance and financial health are connected. Large cases can often be complex. Clients want smooth processes, hands-on support…
