Financial Tools
Retirement Calculator
How much should I save for retirement? Each person’s answer to this question will be different. It all depends on a person’s current situation and retirement goal.
All you need to do is provide the requested information and the retirement simulator will do the calculations. Please click on this Canada Government website to do a self-analysis.
How much Insurance do you Need?
Experts generally recommend purchasing life insurance coverage worth 7 to 10 times your annual salary in order to protect your family. For a more precise figure, talk to a financial planner, insurance agent or insurance broker to determine how much and what type of life insurance is best for you.
Use this calculator to get a rough estimate of the amount you will need.
When to Review your Life Insurance
✔️ Get married, form a common – law partnership, or have a baby. If you died tomorrow, life insurance could give your partner enough money to pay basic living expenses.
✔️ Buy a home or take on other debt. Life insurance could help your family stay in their home and pay off your credit cards and loans if you died or became unable to work.
✔️ Get divorced. If you pay for your children’s support, life insurance could cover these costs in the event of your death. Your divorce agreement may require you to buy life insurance.
✔️ Support aging parents. Life insurance could provide funds to help support your aging parents if you die.
✔️ Own a business. If you buy insurance for yourself or a business partner, it will help keep your business going if something happens to one of you. Likewise, if your business takes on a big loan, life insurance could pay it off if you die.
✔️ Retire. If your pension income will stop or be reduced after your death, life insurance could help your family cover your funeral costs and pay their living expenses when you die.
