Andrew Power - Financial Advisor, The Insurance Man

06/22/2024

Andrew Power - Financial Advisor, The Insurance Man is a returning Red Ribbon Sponsor this year 💪 Through Andrew Power's continued support, and the dedication of our many donors like him, we are able to bring you some brand NEW, CREATIVE and ENGAGING entertainment and programs this year to our 2024 Fair!

Have our enhanced 2024 fair events been catching your eye on social media?! What's bringing you some anticipation thus far?! Stay tuned cause there's even more coming!!

04/08/2022

What a great article summarizing so many of the discussions we have in my office. Have a look and make sure you aren't making the same mistakes.

By the time retirement savers realize the error of their ways, it may be too late.

06/01/2021

Keep yourself safe from fraudsters!

We are seeing an increase in financial fraudulent activity. I want to remind you to stay vigilant and inspect all materials sent to you very carefully.

Some materials created can look legitimate and are not always easy to identify as fraudulent. We have recently seen fraudulent GIC brochures branded as Canada Life that even I had to look closely at to make sure wasn't legitimate! To keep yourself safe, consider some of these helpful tips when reviewing printed and digital materials:

• Ensure the contact information found in the materials matches the contact information as found on the company’s
corporate website.

• Any payments for products would be made directly to the corporation through either cheque or EFT, or wire
transfer, NEVER directly to an advisor.

• Reach out to myself or the Client Service Centre of the financial institution of the materials you received if you
have questions.

The Insurance Bureau of Canada (IBC) issues fraud alerts to inform consumers about insurance scams. Fake policies and non-existent insurance companies can put you at risk. If you suspect fraud, you can contact the IBC TIPS Line at 1-877-IBC-TIPS or the Canadian Anti-Fraud Centre at 1-888-495-8501.

Your financial well being is important to me and I’m here to help answer any questions if you’re concerned about a product being offered to you from an outside source.

Please like and share this post around your feeds to help keep our community safe from fraud!

For more security tips, check out this link:

https://www.canadalife.com/internet-security.html

Andrew

At The Canada Life Assurance Company (Canada Life), we recognize and respect the importance of security.

05/11/2021

Hate seeing stories like this, but it is a great reminder of the value of advice. Review your beneficiary designations often, and make sure they are backed up in your will.

If you need help with this, reach out in the private messages or give me a call.

Dianne Taylor is urging others to check their listed beneficiaries routinely for things like RRSPs and life insurance policies after her husband's sudden death left her and her teenage daughter faced with losing the bulk of their family's savings.

03/24/2021

Clients often ask me to help educate them on how investment markets work. If you feel intimidated by talk of "market cycles" or "bull/bear" markets then have a look at the short article in the link below to learn more.

To learn about how I can help you manage the effects of
changing market cycles on your investments, reach out to me anytime.

https://www.canadalife.com/blog/investing-saving/what-are-market-cycles.html?cid=sm|Individual|CL_MV_EN_FBK_MarketCycles20200221EN|FBK

Knowing why markets move up and down should help you focus on the long-term and give you confidence when investing your money.

03/15/2021

Passing along this important update from the Canadian Life insurance association... getting vaccinated will NOT affect your life insurance coverage. Get the facts and see the statement at the link below.

Stay safe, and always feel free to reach out to me directly with any questions.

CLHIA is a voluntary non-profit association with member companies accounting for 99 per cent of Canada’s life and health insurance business.

04/09/2020

A lot of us are choosing to this Easter weekend, but there is still good news to be shared with your friends and family.

Did you know that many of the major life insurance carriers in Canada are offering flexible payment options to clients affected by COVID-19? If your ability to pay premiums has been affected by this pandemic, I may be able to help provide some options to reduce or defer your payments without losing valuable coverage.

Please share this important information among your networks. If you want to know more about your options in these difficult times, I welcome you to reach out directly to me.

We all need to help each other stay safe, healthy, and well. If you need help adjusting or creating your financial security plan, I am available.

Be well!

04/07/2020

I am in the business of keeping promises. While I always hate to see a valued client pass away and witness the pain in their family and loved ones, I take pride in being there to help survivors negotiate the claims process. While it is completely normal to question if an insurance company will keep up their end of the deal – especially during a global crisis like the current COVID-19 pandemic – the three death claim cheques I have delivered in the last few days have helped to make sure that my clients can take care of their loved ones even after they go.

Even in the face of economic downturns like we are currently experiencing we are still processing claims “business as usual”, meaning that I can make sure promises are kept. At a time when these families have just lost a loved one, and on top of that are dealing with extra economic pressures, I get to be the guy with the cheque in hand. For that, I am extremely grateful.

Stay safe and stay healthy out there, we are all in this together.

01/31/2020

Thinking about your retirement planning on ? If your TFSA is full and additional RRSP savings/Pension income will just mean more in retirement, have you explored a less-discussed option? There is another way to generate tax-free income in retirement.

This article cites some relatively large premiums, but this strategy works for smaller amounts as well. To see if this strategy is worth exploring for you, give us a call to schedule an appointment.

Many people can’t see how much income or savings they’ll need to make ends meet in retirement, but if someone can point them in the right direction, they might just hit the target

10/28/2019

Traveling this winter? We partner with an excellent travel insurance broker who will quote the market and get you the best plan for your exact needs. Click the link below to learn more, or as always, reach out to me directly with any questions.

You must declare any and all pre-existing conditions When purchasing travel insurance, it is important to mention all of your pre-existing conditions to your travel insurance specialist, even minor conditions such as bronchitis. By doing this, your travel insurance specialist will have all the neces...

10/09/2019

A great, simple read on why life insurance offered by your lender usually isn't the right decision. Private coverage guarantees your family's protection, comes with several benefits and additional flexibility, and is almost always less expensive.

If you have any questions about how this all works or what it might cost, feel free to reach out.

Consider life insurance instead