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IMMEDIATE FINANCING ARRANGEMENT (IFA)

FOR CANADIAN CORPORATIONS

An IFA is a practice whereby you take out a premium life insurance policy that has a cash building component, such as an exempt whole or universal life insurance policy, and then directly use the policy as collateral to obtain a loan.


How the IFA works to help you get more tax deductions?

IS ‘PERMANENT LIFE INSURANCE’ A NEED OR A WANT?

Most Canadians are confused about choosing life insurance that caters to their needs. You must be fed up with many advisors, agents, brokers pitching a rosy life insurance product.

6 Reasons Why Retirement Planning

Should Be Your Priority

Retirement management has several benefits that range from both personal and psychological

to financial. Here are several advantages and common reasons for effectively planning your

retirement. As popular saying


“If you fail to plan, you are planning to fail!”

Important financial decisions that

everyone should make

Some timely decisions that we make have a great impact on our life either immediately or for the years that are yet to come. Taking a right financial decision is the best example of making a timely decision.

How to prepare yourself to face life- threatening situations and make the right financial decisions?

Each one of us begins a new day praying to God for the future of our family and ourselves. We step out of our home for work or any reason without knowing what is going to happen. Many personal unexpected situations might affect your family at large.

Welcome to Our Canadian Financial & Retirement Planning Blogs

At Hexavision, we offer valuable insights to help Canadians achieve financial freedom and prepare for a stress-free retirement. Our blog section is designed to educate you on the best strategies for managing your wealth, reducing taxes, protecting your investments, and leaving a meaningful legacy.

Whether you're just starting your financial journey or nearing retirement, our expertly crafted blogs will guide you through every step of the process.

The Urgent Need for Canadians Without a Will and Healthcare Directive

The Urgent Need for Canadians Without a Will and Healthcare Directive

August 25, 20233 min read

“Nothing is certain except death and taxes - This famous quote originated with Benjamin Franklin in 1789.

Introduction:

Life is unpredictable, and while we often plan for joyous moments and milestones, we tend to overlook the importance of preparing for the unexpected. If you're one of the countless Canadians without a will and healthcare directive, it's time to consider the impact it can have on your life and the lives of your loved ones. In this emotional journey of awareness, we'll delve into five harsh realities that await those without these critical documents and unveil five blissful outcomes that come from taking immediate action.

With that said, here are 5 Hell Points of Neglect: why you should have will and health care directive today! 👊

1. Chaos Amidst Grief:

   When you pass away without a will, your loved ones are left in a state of chaos. The lack of clear instructions can lead to disputes, strained relationships, and potential legal battles. The grief of losing a family member is magnified by the turmoil of sorting out their affairs without guidance.

2. Unintended Beneficiaries:

   Without a will, your assets may not go to the people you intend. The law determines the distribution, which could mean your assets end up with distant relatives or even the government. Your hard-earned legacy could be lost to unintended beneficiaries.

3. Guardianship Uncertainty:

   For parents, a will is essential for naming guardians for your children. Without this directive, the court will decide their future, and your children may end up with individuals you wouldn't have chosen.

4. Financial Strain:

   The absence of a will can lead to a lengthy and costly probate process. Your loved ones could be burdened with legal fees and court proceedings, diminishing the financial resources you intended for them.

5. Healthcare Dilemmas:

   A healthcare directive provides instructions on medical decisions in case you are unable to communicate. Without it, your family may be forced to make difficult choices without knowing your wishes, causing emotional distress and potential conflicts.

Here are 5 Bliss of Preparedness: why you should have will and health care directive today! 👊

1. Clarity and Peace of Mind:

Having a will and healthcare directive offers the gift of clarity. Your wishes are documented, ensuring your loved ones know exactly how you want your affairs to be handled. This knowledge brings peace of mind to both you and your family.

2. Protection of Assets:

With a will in place, you ensure your assets are distributed according to your wishes. You can provide for your family's future, safeguarding their financial security and preventing disputes over inheritance.

3. Ensured Child's Future:

For parents, a will is a safeguard for your children's future. Designating guardians gives you peace of mind that your kids will be cared for by the people you trust, ensuring their emotional well-being.

4. Financial Efficiency:

 A well-structured will can expedite the probate process, reducing legal fees and ensuring a smooth transition of assets. Your loved ones won't have to navigate a convoluted process during their time of grief.

5. Empowerment and Control:

 A healthcare directive empowers you to make decisions about your medical treatment. You retain control over your care even if you're unable to communicate, sparing your family from making agonizing choices.


Other resources to help you get started with creating a Will and Health Care Directive at no cost to you!

Personal Financial Planning

Our Guiding Hand:

While we are not legal professionals, our team is committed to helping you navigate the complexities of preparing a will and healthcare directive. We provide a checklist and guidance to simplify the process, all at no cost to you. Your peace of mind is our priority, and we're here to support you in ensuring your family's future is secure.

Take Action Now, Don't wait until it's too late. The consequences of not having a will and healthcare directive can be devastating for your loved ones. Take the first step towards securing their future by preparing these essential documents today click here to request a check list or contact us.


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blog author image

Kanwaljit (Sunny) Kochar

I am a passionate financial expert and the creator of the Total Financial Freedom Mentorship Program for Canadians. With over 30 years of experience in various business & industries, I have helped people grow and succeed over time. As a Personal Financial Coach specializing in retirement planning and management for Canadians, I and my team work with executives and entrepreneurs to help them build their wealth 3 times faster. Our goal is to help them not only get out of bad debt but also achieve total financial freedom, retire early and wealthy, all without strict budgeting. This allows them to still enjoy vacations, treat their kids, and spend quality time together as a family. I am also the CEO & Founder of Team Hexavision.

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IMMEDIATE FINANCING ARRANGEMENT (IFA)

FOR CANADIAN CORPORATIONS

An IFA is a practice whereby you take out a premium life insurance policy that has a cash building component, such as an exempt whole or universal life insurance policy, and then directly use the policy as collateral to obtain a loan. In this way, you gain the full benefit from the insurance policy, yet you are still able to use your money to build your business or to invest in other income-generating avenues.


How the IFA works to help you get more tax deductions?

IS ‘PERMANENT LIFE INSURANCE’ A NEED OR A WANT?

Most Canadians are confused about choosing life insurance that caters to their needs. You must be fed up with many advisors, agents, brokers pitching a rosy life insurance product.

6 Reasons Why Retirement Planning Should Be Your Priority

Retirement management has several benefits that range from both personal and psychological to financial. Here are several advantages and common reasons for effectively planning your retirement. As popular saying


“If you fail to plan, you are planning to fail!”

Important financial decisions that

everyone should make

Some timely decisions that we make have a great impact on our life either immediately or for the years that are yet to come. Taking a right financial decision is the best example of making a timely decision.

How to prepare yourself to face life- threatening situations and make the right financial decisions?

Each one of us begins a new day praying to God for the future of our family and ourselves. We step out of our home for work or any reason without knowing what is going to happen. Many personal unexpected situations might affect your family at large.

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Kanwaljit (Sunny) Kochar DBA Hexavision Enterprise is licensed to sell Segregated Funds investments, Life and A&S Insurance products in Ontario, Alberta, QC, NB, SK, NS and British Columbia. Not available in other provinces.

License #s: FSCO LIC#17161321 (ON), AIC LIC # M-3493167-1763384-2020 (AL), BC LIC#LIC-2020-0022136-R01 (BC). Insurance and segregated funds provided by Carte Risk Management Inc.

@ 2024 Hexavision Enterprise| Terms And Condition| Privacy Policy | Advisor Disclosure

© 2024 Hexavision Enterprise. All rights reserved

Our Service Area

Ontario | Quebec

Alberta | Nova Scotia

British Columbia | Saskatchewan

New Brunswick

Working Hours

🟢 Monday to Friday : 9:30 - 6:30 EST

🔴 Saturday and Sunday : Closed

Join Our Blogs/Newsletter

Kanwaljit (Sunny) Kochar DBA Hexavision Enterprise is licensed to sell Segregated Funds investments, Life and A&S Insurance products in Ontario, Alberta, QC, NB, SK, NS and British Columbia. Not available in other provinces. License #s: FSCO LIC#17161321 (ON), AIC LIC # M-3493167-1763384-2020 (AL), BC LIC#LIC-2020-0022136-R01 (BC), AMF LIC# 2023-CI-1016414(QC), LIC # 087345 (SK), FCSC LIC# 220039066 (NB) Insurance and segregated funds provided by Carte Risk Management Inc.

@ 2024 Hexavision Enterprise| Terms And Condition| Privacy Policy | Advisor Disclosure

© 2024 Hexavision Enterprise. All rights reserved