(250) 391-9933

Financial and Estate Planning

Get In Touch

3161 Antrobus Crescent, Victoria, BC V9B 5M6

Planning for the Future

Individual Financial Planning

As long as there is inflation death and taxes, there is a need for sound financial planning. We can help you prepare for a secure financial future. Let our experience and knowledge protect your money from inflation, unnecessary taxation and provide long term security for you and your family.

In addition financial planning can provide for other important financial goals such as our child’s education, increase your net worth or plan for a comfortable retirement in these uncertain economic and political times.

We at Martell Insurance Services will help you assess all your financial needs and select financial products best suited to your immediate needs and long term goals and objectives. Periodic reviews of your Financial Plan by us ensures new areas of need, such as the arrival of a new baby, purchase of a vacation home or the transfer of funds from an RRSP to RRIF are incorporated and are part of your complete financial plan.

Investment Products

Z

GICs

Z

Segregated Funds

Z

Guaranteed Minimum Withdrawal Benefits

Financial Planning Concepts

Are you looking for an investment that offers potential high returns yet with very strong guarantees? Are you looking for tax sheltered growth outside of your RRSP?

Are you looking to maximize your gain and minimize the tax you pay on investment income?

If you are, one of the following concepts could be of interest to you.

  • Tax Free Savings Accounts
  • Personal IRP
  • Corporate IRP

How Does Leveraged Investment Work?

Leverage is an advanced investing technique where an investor borrows money to invest with the anticipation that the investment will return more than the interest paid on the loan. after interest charges and taxes are paid and the outstanding principal balance is repaid, the investor keeps the investment gains.

First an investor puts up an initial investment deposit from personal funds. Secondly the investor chooses the amount of additional investment he or she wishes to make (normally from 1 to 4 time the initial deposit)-and then takes out an investment fund loan from a bank. These two amounts are combined and invested in a non-registered investment

Estate and Succession Planning with Life Insurance

Personally taking care of your tax and estate planing needs can be a real challenge. Often insurance planning is an integral part of the overall plan. Having a partner to assist you with information on customized insurance solutions can be a real asset.

We at Martell Insurance Services want to be that partner.

We provide specialized information about the role life insurance can play in helping clients achieve their financial goals. We understand law, life insurance and accounting and their link to complex tax and estate planning. More importantly we know when and when not to incorporate life insurance.

Life insurance has long been recognized as an important tool in estate and succession planning. Traditionally, life insurance has been used in personal estate planning for such things as creating liquidity to satisfy estate liabilities including tax liabilities: estate equalization; estate creation and funding charitable bequests. For business and succession planning purposes life insurance has traditionally been used as a funding vehicle for the survivor ship obligations under a shareholder agreement; for key person protection and for business loan protection. Each of these traditional uses for life insurance focuses on the protection element associated with life insurance. The existence of a life insurance policy ensures that cash will be available to fulfill particular needs at a specific point in time when liquid funds are needed.

Life insurance is often the most economical and tax efficient vehicle for accomplishing many estate and succession planning objectives. However in addition to traditional applications modern life insurance products and the unique tax treatment afforded these products can provide more than simply a tax-free death benefit. Product innovations in recent years have created the ability to design life insurance solutions which are better suited to the needs of the clients. Life insurance products combine pure insurance protection with tax preferred investment attributes. In addition where the appropriate beneficiary designation is in force life insurance products can provide the possibility of creditor protection. As a result of this combination of features life insurance products are unique financial instruments which can often enhance estate and succession planning and allow for a variety of attractive and tax efficient planing opportunities.

Life Insurance
Products

Life insurance products can generally be divided into two categories: Term Insurance and Permanent Insurance. Term insurance is typically used to satisfy a temporary insurance need, while permanent insurance products are most effective when dealing with insurance need ins the business and succession planning context.

Personal Estate Planning

Traditional uses of lie insurance in personal estate planning;

  • Estate Creation.
  • Final Expenses.
  • Estate Equalization.
  • Charitable Giving.
  • RRSP/RRIF Estate Maximization.
  • Funding of Capital Gains Taxation.

Estate Planning & Business Succession

Traditional uses of life insurance in the corporate context are listed below;

  • Buy-Sell Funding
  • Collateral Insurance
  • Key Person Insurance
  • Split Dollar Arrangements
  • Estate Freeze

Let Us Assist You with Your Life Insurance & Financial Planning Needs

Get In Touch

3161 Antrobus Crescent, Victoria, BC V9B 5M6