Handpicked policies as unique as you.
The Life Insurance & Investments Department of McFarlan Rowlands was developed to ensure that our clients have all of the information and resources they require to make life insurance decisions that best suit their needs.
Our consultants take the time to sit down with you and discuss your goals and objectives and help you to choose the life policies that fit your needs.
A few of the life insurance policies we offer include:
Life Insurance is a policy that promises to pay the sum insured, if the life-insured dies within the period specified in the policy. Term policies are commonly used for specific periods. Permanent Life insurance protects you for your whole life. Both can be used for personal or business purposes.
The living benefits policies you require over the course of your lifetime may vary and the experienced brokers at McFarlan Rowlands can help you to decide what is best for you and your family. Our consultants take the time to sit down with you and discuss your goals and objectives and help you to choose the policies that fit your needs.
Long term medical help and other assistance after a major illness can quickly erode your savings.
Critical Illness Insurance is insurance that pays a lump sum benefit if you are diagnosed with a critical illness. Unlike disability insurance, critical illness insurance is not based on your inability to work. You collect the full amount of coverage, even if you make a full recovery.
3 out of 10 healthy adults will have a critical illness before the age of 65.
Long Term Care
Long Term Care insurance pays a benefit to cover the cost of long term care, if you develop a chronic illness or disabling condition that requires in-home caregivers or relocation to a long term care facility.
If you become physically disabled, your ability to earn an income may be compromised; your ability to pay bills or save for your future may be compromised.
Disability insurance plans are designed to help meet income requirements, so the individual can concentrate on recovering from the disabling ailment and return to active life as soon as possible.
Individual Health Benefits
Customized Health and Dental plans.
This product helps in areas such as:
- Pay for specialized medical treatment not covered by health insurance.
- Cover the cost of home renovations made necessary by your illness.
- Pay off your mortgage or clearing up other outstanding debt.
The Group Benefits Division of McFarlan Rowlands was established to provide a comprehensive suite of competitively priced products to our clients. Our innovative group benefits plans cover the needs of our clients while being sensitive to their budgets.
As an independent broker with 100+ years in the business, we provide a hassle-free experience that gives our clients the peace of mind they deserve.
Please contact us for more details:
Group Benefits & Group RRSPs:
- Employer/Employee and Associations Benefit Plans
- Group Insurance plans offer a wide variety of Life, Health, Dental, Disability and Accidental benefits
- Standalone Group RRSP’s are also available
Our McFarlan Rowlands Life Insurance & Investments Department offers a wide range of investment options including:
A Guaranteed Investment Certificate (GIC) is an investment that offers a guaranteed rate of return over a fixed period of time.
A Segregated Fund is a type of investment fund that can only be administered by Canadian Insurance Companies. These funds offer certain guarantees that no other investment funds can, such as reimbursement of capital upon death, potential protection from creditors, and bypassing probate fees and other estate cost when paid out to a named beneficiary.
Tax Free Savings Accounts (TFSA)
The Tax-Free Savings Account (TFSA) is a flexible, registered, general-purpose savings vehicle that allows Canadians to earn tax-free investment income to more easily meet lifetime savings needs. The TFSA compliments existing registered savings plans like the RRSP and RESP.
Registered Education Savings Plan (RESP)
An RESP is a special plan that can help you save for a child’s education after secondary school. The government of Canada allows savings to education grow tax free, until a child named in the RESP enrols in post secondary education.
Call us to discuss the government grant.
Investor Insight Is a publication developed by our wealth management team at McFarlan Rowlands to ensure that our clients have the most up-to-date information on issues and trends in the financial marketplace.
If you have any questions or suggestions as to what you would like to see in future editions, please don’t hesitate to get in touch.
View our latest Insights:
- Investor Insight Spring/Summer 2016
- Investor Insight Spring/Summer 2015
- Investor Insight Fall/Winter 2014
- Investor Insight Spring/Summer 2014
- Investor Insight Fall/Winter 2013
- Investor Insight Spring/Summer 2013
- Investor Insight Fall/Winter 2012
- Investor Insight Spring/Summer 2012
- Investor Insight Spring/Summer 2011
- Investor Insight Fall/Winter 2010
- Investor Insight Spring/Summer 2010
- Investor Insight Fall/Winter 2009
An important part of anyone’s financial goals and objectives is to have a clear roadmap to how and when they can retire. What will this world look like? Will you be able to retire in comfort and with independence or will you outlive your investments and income? Our experienced team can help paint this picture by providing a comprehensive plan to achieve your goals.
Some retirement planning options we offer include:
Registered Retirement Savings Plans (RRSP)
A legal trust registered with the Canada Revenue Agency and used to save for retirement. RRSP contributions are tax deductible and taxes are deferred until the money is withdrawn.
Life Income Funds & Locked in Retirement Funds (LIF & LIRA)
A Locked-In Retirement Account and the virtually identical Locked-In Retirement Savings Plan (LRSP) are accounts designed to hold locked-in pension funds for former plan members. Funds held inside LIRAs and LRSPs will normally only become available (or unlocked) to holders upon retirement.
At retirement, holders can convert their LIRA/LRSP into Life Income Funds (LIF) or Locked-In Retirement Income Funds (LRIF) which will provide pension income during retirement.
Registered Retirement Income Funds (RRIF)
A RRIF is a plan that is designed to provide a steady stream of income during retirement. A specific percentage of the plans assets must be withdrawn each year as income starting at age 71.
Guaranteed, regular income for a selected period of time. Annuities are available in several forms. You will never outlive your money!
Please contact us for more details:
Travel Insurance is an inexpensive means to cover losses arising from sudden and unforeseeable circumstances while outside your province of residence. Out of Canada emergency medical expenses are not generally covered by your government medical plan and these expenses can be financially overwhelming.