Turning 2021 taxes into charitable gifts for 2022
I love when my mentees do great things.
Thie Convery, a 30+ year advisor with Investment Planning Counsel in Dundas Ontario makes me proud.
For the past 1 ½ years, along with more than 50 other advisors, she’s been a member of the Platinum Group mentoring/coaching program I conduct with Jim Ruta.
Some of the advisors are early in their career and don’t want to wait 30 years to become successful, others are already successful and know they could do even better.
They all recognize that knowledge is their business game changer and appreciate my sharing 30 years of experience and best practices.
Thie’s vast charity work includes marathon swims across the Great Lakes to raise funds for the End Polio Now campaign.
She also embraced our corporate goal to help create $1 Billion of new charity, working with clients, non-profits, charitable foundations and collaborating with like-minded professionals.
Wishing everyone a wonderful Holiday Season and HEALTHY and HAPPY 2022!
Thinking of the Perfect Holiday Gift??
Will Power
A very honest “Aha” moment
Now Available: Clients can now get up to $270 million of individual coverage
Just in…some timely news for UHNW clients from Canada’s largest life insurance company.
Manulife Financial announced an increase to $270 million of expanded underwriting capacity.
Clients can now get up to $270 million of individual coverage.
This news makes it easier to place large cases AND provide top-up coverage on existing policies, including policies issued from other insurance companies.
With so much economic growth over the past 20 years, especially in the real estate and private equity markets, it’s especially important to review one’s tax and estate planning and learn how life insurance can be used to preserve family wealth, cost and tax-effectively.
There’s a common misconception that as wealth increases, the need for life insurance decreases.
And the wealthy often believe they can self-insure. Which they likely can, but they may lack liquidity.
National Webinar Event - Canadian Hadassah-WIZO (CHW)
If you are old enough and grew up in the GTA, you probably remember the Hadassah Bazaar.
It was organized by Canadian Hadassah-WIZO (CHW), a women's volunteer organization (my late mother, of blessed memory, was a member) which raises money to fund health, social welfare and education programs in Canada and Israel.
Long before dollar stores and the internet, the Bazaar was a legendary annual fundraiser that people looked forward to attending.
It was a real happening - a genuine BIG flea market - attended by thousands.
It ran for 84 years until 2008, often at the CNE grounds.
I was delighted when Lisa Colt-Kotler invited me to speak at the national webinar event on October 18th where I explained several giving strategies available to generous people who like the idea of creating a legacy and paying less tax.
Happy Thanksgiving!
My Amazing Mentor
Exercising Accidental Philanthropy™
Attention: Insurance Advisors, Estate Planners, DAF Fundholders and Aspiring Philanthropists.
Timing IS Everything
A few years ago I was introduced to a wealthy real estate family with an extensive property portfolio assembled over 2 generations.
Lots of real estate, no estate planning - and not surprised.
Getting them properly organized in the most tax and cost-efficient way would be a complex and time-consuming and something we love to help clients with.
Anticipating a lengthy planning process, we recommended that each family member apply for $10 Million of Term Life Insurance right away.
Once issued, that Term Insurance could be quickly converted, partially or fully, into permanent policies - without any medical underwriting or the need to re-qualify.
Note: All Term Insurance offers this option.
It’s EASIER THAN EVER to buy every kind of Life Insurance.
With COVID outbreaks and Delta variants dominating the news, people are more aware than ever of their mortality.
Amid the doom and gloom there’s good news for anyone buying Life Insurance.
You can now get up to $5 million of Life Insurance with NO medical, NO in-person meeting, NO blood and urine samples, all in a 15-minute phone call.
The same applies to Critical Illness Insurance up to $250,000.
Clients are topping up coverage and buying new term and permanent insurance policies for spouses, children, grandchildren, and for charitable giving.
Policies are typically approved in less than 72 hours. Higher limits are available with additional underwriting.
To learn more click https://lnkd.in/eW5eUMA, call me at 416 364 2929, or send an email Mark@WEALTHinsurance.com
This is the time to revisit your estate planning - including wills, powers of attorney, estate directory and life insurance.
Please share this with your contacts.
A great interview on the Tonic Talk Show