Life Insurance & Living Benefits
are core components of
proper financial security planning.
Henley Financial and Wealth Management has helped clients with independent advice, unique insurance strategies and customized insurance products for over twenty-three years.
We will asses your life insurance needs now and for the future. Working with your professional accounting, tax and legal advisors, if necessary and we will provide recommendations about the best choices and options available in the market today.
Life Insurance provides:
Our services include:
Canadians are living longer than ever before and facing a greater responsibility to fund their retirement. Saving and building a “retirement nest egg” for the future is becoming more important. However, many people are not saving enough to maintain their desired standard of living throughout their retirement.
In retirement, most people have a reduced income since they are no longer working. It’s important to think about how much you will need to retire comfortably, whether you will be relying on a reduced income, and whether that will be enough.
Since we’re living longer and our life expectancies continue to increase, our retirement savings will be stretched further. To help yourself prepare for a comfortable and sustainable retirement, you will need to plan your retirement carefully. The earlier you start planning; the more options you will have.
With proper planning, you can save enough for the standard of living or lifestyle you want in retirement.
At Henley Financial and Wealth Management we will help guide you through the process to achieve the optimized retirement you desire.
Estate and Investment Strategies
Is a process that uses tax strategies along with wills and trusts to minimize tax liabilities at death and achieve the client’s desired distribution of wealth and property in an efficient manner.
Life insurance is an integral part of the process. A properly structured life insurance plan provides the funding to the estate or holding company to meet estate tax liabilities, fund obligations, provide funds to replace lost income and/or enhance the intergenerational transfer of wealth.
With more than twenty-three years of experience, our professionals always consider specific client dynamics to maintain family harmony while efficiently planning the estate.
People often think of Life Insurance as a financial instrument purchased to replace income.
While true for most Term Insurance, the majority of in-force Permanent Life Insurance is now held for investment purposes by large corporations such as banks, financial institutions, and average Canadians
who buy Permanent Life Insurance as an alternative investment to low risk low yield, highly-taxed investments like bonds, GICs , etc.
The use Permanent Life Insurance as a worry-free investment that can grow at an equivalent rate in excess of 6 - 8%, can be accessed tax-free, and passed along to families and favourite charities tax-free.
The unique tax treatment of Life Insurance policies under Canada’s Income Tax Act make it a key component in Succession Planning.
Used as Investments: