Towards your later years, you may want to cut back on your expenses. Your kids may have left your home to carve out their own careers and you may be on the brink of retirement if you have not done so already.
It may make a huge difference to your peace of mind knowing you have saved enough to continue with the same lifestyle without too many compromises. Retirement can last for much longer than your think. In health emergencies, you should be able to fund and fend for yourself.
It is necessary to take steps long before you reach this phase to make sure your wealth lasts even when your health gives way.
ILLUSTRATION ONLY – YOUR SITUATION MAY BE DIFFERENT – CONTACT A PROFESSIONAL
Protecting your business’s financial security and its value to the next generation is easier than you may think. Compare your financial security plans with this Ideal Portfolio, if money were no object, to see how it compares.
Know a dysfunctional family? Staff? Sadly, these may be the people who will be fighting over your business one day unless you make your choices legal today. (Check out the Un-Will) Decide in advance how your employees and shareholders are treated and be sure your wishes are respected and everyone knows the ground rules. Keep peace in the family for generations and keep your business growing when you decide in writing.
Your business future and your family’s financial security can change drastically in a heartbeat unless you’ve protected them both. Life insurance totalling ten to twelve times your income plus your debts from the business often does the job. Your price depends on the length of time you need it. Insure your key people and business loans too. I well planned corporate life insurance can also provide tax free retirement income.
When you, or a key employee gets a tough health diagnosis, you’ll be relieved you have CI. Protect your hard-earned assets and business plus have the money you want to convalesce in peace. Covering three year’s worth of your gross business expenses plus a staff replacement is a great start.
When you are sick or injured and can’t drive company revenue, how will family & business survive? Insure that unexpected moment and have more peace of mind.
You may have the government help keep the lights on at your business if you are unable to work because of sickness or injury. All it takes is a tax-deductible company check… and you might be able to get half your money back if you don’t use it.
A well priced, properly designed group benefits plan helps attract and keep key employees. When you protect their families with valuable benefits, you create a level of loyalty like nothing else.
Creditor protection is a benefit that makes segregated fund (seg funds) products particularly valuable for business owners. A segregated fund can protect investors' personal assets from seizure by creditors, while providing growth potential similar to mutual funds. Asking your legal advisor if having a holding company is right for you.
I called Zahid after hearing his tips on radio and just felt that I could trust him. I arranged a meeting in his office. He listened to my needs very carefully and provided me the life and critical illness insurance for my family future. I was very impressed with his professionalism and would refer him to my family and friends.
I know Zahid for the last 4 years, as he has handled my complex and unique insurance needs.
During one of the recent conversations , when he mentioned that he also handles mortgages, (considering his excellent support and understanding of my unique situation and needs in the past) I immediately requested him to help me get a good mortgage so that I can consolidate my first and second mortgage and save on monthly mortgage payment. As during the past year, I've been to many mortgage brokers and nobody could offer me something to the best of my satisfaction.( Either , the interest rates were high, or LTV was low ) . But to my pleasant surprise, Zahid and his associate Bindu, offered me exactly what I was looking for considering my unique situation, with minimum of paperwork (the interest rate was very competitive and the LTV was also good). And all the closing process was finished in very less amount of time and they supported me during the whole process. I must say Zahid is very knowledgeable, professional and good human being, and so his associate Bindu, they are excellent team. I am looking forward to work with them so that my future financial needs can be taken care of.
I take this opportunity to thank you for helping me in my financial needs and I was really " Impressed" with your professionalism and the way you gave me your advice. It's been 15 years since I came to this country and have met many " Financial Advisors" but didn't have that " Positive Attitude" you have and even though I had a " Bad Credit" and was very much worried that I am going to loose everything but with your expertise and guidance I came out of it as you helped me in getting the " Second Mortgage" with the lowest interest rate available in the market and guided me at every step of that process. Now I am having sleep without any " Nightmares" and you have promised me that you are going to help me in my financial decisions till the time you think I am stable enough and even after that stability you will still keep advising me with your expertise. For me you were a " Savior" and with your advice will definitely be successful. Once again I thank you very much for your help and advice and wish you all the best wishes and indeed I will refer my family and friends to your office in future for any " Financial Advise".
I had a great experience getting mortgage through Orooj Financial. Mr. Zahid Syed and his team were able to get me the best rate in the market. All the paper work was done electronically which made me possible to focus on my job. I am impressed with their services and convenience they offer to clients. I would highly recommend others to get in touch with them and feel the ease of getting mortgage.