FAQs

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Wednesday, 21 October 2009 21:13

Gorr Financial

Your Future...Is My Business

FAQ's

I don’t understand many terms when it comes to insurance. Where can I learn more in plain English?

Just follow this link and you will find an easy to understand glossary of insurance terms

How Much Insurance Do I Need?

A great question! Each situation is different so why not follow this link and see for yourself what you need?

What types of insurance are available?

There are three main types. Term Insurance, initially cheap but premiums increase with age, Whole Life, with one constant premium, and Universal Life with constant or variable premiums depending upon how the client designs it!

Each has their place and sometimes clients will buy a combination of insurance. Whole Life is simple and straight forward like an automatic transmission car. There isn’t much to do. Universal Life is involving the client and is like a manual car, there will be more changes and shifts over time.

Consult the types of Insurance for simple explanations of the main types.

What Insurance is best for me?

There is no one universal answer. Young families with limited budgets need to create insurance estates and term which is initially cheaper may be the answer, but not a long term answer. Older Canadians will be concerned about leaving their estates intact for the families and in this case, Universal Life or Whole Life are better options.

Are you tired of waiting times for getting needed treatment?

Hospital closings. Nursing shortages. Long wait times for care.Why wait for treatment? Elite US Healthcare is now available. Learn more..

Will I be able to retire comfortably?
We all want too, but do we know if we can?

Planning today can ensure we get the retirement we want and not a retirement of disappointment! Our planning answers key questions clients have:

How much should I have based upon my goals?
How much income will I have when I retire?
How long will it last?
Is my present level of investing adequate to meet my goals?
Is there a more efficient way of accumulating the funds?

What happens if I became sick or injured and can't work?

It isn’t hard to imagine the consequences of not receiving a paycheque for a period of time.

How long could you live off your savings?
Who would make the mortgage payment?
How would you pay for groceries or clothing?

There is a solution, disability income. To learn more …..

How much do you need? Disability Needs Analysis

Is it better to pay down my mortgage versus putting money into an RRSP?

A good question and one we get a lot of the time. Why not see for yourself?

Where can I get more information?

Here are some sources I recommend:

Cell: 416-254-8270

Off: (905) 202-8430 ext.626

Fax: 1-866-287-9152

1700 Langstaff Rd. Suite 1001

Concord, Ont. L4K 3S3

Last Updated on Tuesday, 15 June 2010 11:56

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