Financial solutions

You want the peace of mind that comes with planning your financial future and protecting your family. We’ve been helping everyday families achieve their financial goals for more than 140 years. Whether you’re just starting out or ready to retire, we have financial solutions for every stage of life.

Looking for advice on achieving your financial needs? How can we help you?

Learn about our financial products

It’s more important than ever to have the knowledge and confidence to make daily and long-term financial decisions. But in a recent study, seven in 10 Canadians said they weren’t confident their math and money management skills would help them plan for a secure financial future.¹ And, four in 10 said they are not saving anything at all.²

At Foresters Financial™, we have a wide range of solutions and tools that can help you determine what’s best for your family - and we’ll help connect you with an advisor who will take the time to learn more about your situation and recommend products that will meet your needs.

We deliver financial solutions for today’s complex and ever-changing economic landscape that help you grow, protect and enjoy what you have—by making sure your financial strategies work as hard as you do.

¹Ipsos Reid poll, conducted on behalf of ABC Life Literacy, 2011.
²Ipsos Reid poll conducted on behalf of ABC Life Literacy, 2011.

Save for your future

Many people struggle with saving money for the future. In fact, 67% of Canadians wish they were better at saving and only 32% of Canadian with a budget say they stick to it all the time.¹ Some of us save for the first time when we’re planning for a major milestone like getting married or buying our first home.

No matter what you’re planning - owning a home, sending a child to college, or investing for your retirement - an advisor can help you develop a plan that helps you build towards your future goals.

¹ Statistics Canada - Canadian Financial Capability Survey; 2009

Plan your retirement

In previous decades, Canadian workers could enjoy a comfortable retirement paid for primarily by private pension plans and government benefits. But today, private pensions are dwindling and life expectancies are increasing. Canadians are more responsible than ever before for planning their own retirement, yet almost one third of Canadians feel they will not be able to retire at age 65¹

Even if retirement is decades away, it’s important to have a plan that provides for today's expenses while also recognizing the needs of tomorrow. Investing a small amount each month for retirement can make a big difference.

Regardless of where you are in life, an advisor can work with you to assess your current situation and help make your retirement dreams a reality.

¹Canadian Institute of Chartered Accounts: Canadian Finance Study, 2010

Protect your family

Man and woman giving children piggy back rides

You love your family and you want to protect them but it’s important to prepare for the unexpected. In the event of your death, adequate life insurance can provide immediate relief to cover burial expenses and legal fees. Moreover, it may bring peace of mind for the near and distant future by covering your mortgage and other monthly expenses as well as your children’s education.

When asked why they don’t have life insurance, many people say that they can’t afford it. But a recent study found that consumers overestimate the cost of life insurance by as much as three times¹. At Foresters Financial™, we have life insurance options to fit all families and an advisor can work with you to assess your personal situation and recommend products that best meet your needs.

¹LIMRA 2014 Life Insurance Awareness Month fact sheet

Life Insurance Solutions

You don’t want to think about not being here to protect your family but if you were to die tomorrow, would your family be able to stay in their home, make their car payments or pay for college? Or would the lifestyle you’ve worked so hard to provide suddenly become out of reach?

Life insurance can provide for the people who depend on you financially. The proceeds can be used for final expenses, to help replace your lost income, pay your mortgage, fund your child’s education, and more. Some types of insurance offer a tax-advantaged way to build cash value toward retirement.

Life insurance may sound expensive. In fact, in a recent survey, fewer than 20% of consumers were able to correctly estimate the cost of life insurance and most overestimated the cost by as much as three times³. The good news is that there are life insurance solutions for every family’s budget.

An advisor can work with you to find a life insurance solution that best meets your needs and circumstances, now and in the future.

Learn more about life insurance

³2014 LIMRA Insurance Barometer Study

Annuities

After years of hard work, you deserve a rewarding retirement. But it takes planning to reach that goal and traditional sources of retirement income are decreasing. Despite this, 30% of Canadians admit they are not planning ahead for retirement⁴ and more than half do not contribute to their Registered Retirement Savings Plans each year.⁵

To safeguard against the risk of outliving your assets, you may want to consider an annuity, a contract issued by a life insurance company which guarantees a steady stream of income at some point in the future.

An advisor can work with you to find an annuity solution that best meets your needs and circumstances, now and in the future.

Learn more about annuities

⁴Statistics Canada - Canadian Financial Capability Survey; 2009
⁵The CICA’s Canadian Finance Study, 2010

Protecting your first home

Buying a home is one of the biggest and most complex financial decisions you will ever make so it’s important to have the right protections in place.

In addition to the obvious costs like a down payment and mortgage, home ownership involves many additional expenses such as property taxes, annual repairs and regular maintenance. You will likely need an emergency fund to cover unexpected costs such as a leaky roof, a new furnace or faulty plumbing.

You may want to think about life insurance that could enable you to replace lost income and stay in your home if your partner passes away unexpectedly, or ensure that goals, such as a child’s education can still be achieved. You’ll also want to continue contributing to your retirement, so you’ll need to consider that as well when budgeting.

When you’re ready to buy your first home, an advisor can help ensure you enjoy it without worrying about your investment. Click on the following suggested products for more information.

Annuity Plus TFSA

Term life insurance

Protecting their education

When high school ends, you’ll want your child to pursue an education that will give them the most opportunities for a successful future. Whether they want to pursue a university degree, college diploma or a trade, education can be very expensive.

The cost of postsecondary education has risen dramatically over the last decade, forcing many students to incur significant debt to realize their academic dreams. A recent report suggested that the cost of a university degree in Canada with tuition and other compulsory fees is expected to have tripled from 1990 to 2014.² Average fees, in current dollars, have increased from $1,464 in 1990-91 to $6,348 in 2012-13, and they are expected to climb to $7,437 in 2016-172. And that’s not including room and board or other expenses.

Imagine how difficult it would be to cover the costs of your child’s education if you were to experience the loss of a household salary. Foresters Financial™ has a range of products that can help ensure your children can continue their education even if you’re no longer here. Click on the following suggested products for more information:

Term life insurance

Advantage Plus whole life insurance

²Canadian Centre for Policy Alternatives: Degrees of Uncertainty: Navigating the Changing Terrain of University Finance, September 2013

Just starting out

If you’re just starting your career, retirement can seem like the concern of an older generation but the earlier you start to plan, the more likely you are to live the retirement of your dreams. The good news – time is on your side!

Begin by answering some basic questions:

When would you like to retire and what do you plan to do then? Work part-time? Start a new career? Engage in volunteer work?
Do you see yourself on a yacht in the Caribbean, puttering in a rural garden, or both?
How much money will you need to ensure the kind of retirement that you dream of and what steps can you take today to work towards it?

An advisor can help you answer these questions and help you plan for your future. Our solutions provide an ongoing income stream throughout your retirement and your lifetime. As you move through each of life’s stages and milestones, an advisor will help you reassess and change course as needed. Click on the following suggested products for more information:

Annuity Plus

Annuity Plus TFSA

Nearing retirement

You’ve heard about the importance of saving and growing your assets for retirement, but as retirement approaches, you face a new challenge: How to generate an ongoing income stream to help sustain you during your retirement, which could last 30 years or more. That’s where it can help to have a retirement income strategy to help provide a stream of income, some protection from inflation and market volatility, and potential for growth. While this may sound overwhelming, it doesn't have to be.

Securing dependable income throughout retirement involves asking key questions, such as how government benefits, personal savings and investments fit together to build your plan, what your income needs will be, and how your plan can manage risks. By asking such questions, you can make informed decisions toward realizing the retirement you want.

At Foresters Financial™, we can recommend an advisor to work with you to ensure you have the plans and protections in place for a comfortable retirement. Click on the following suggested products for more information:

Annuity Plus

Annuity Plus TFSA

Preparing for final expenses

Losing a loved one is difficult enough without having to worry about the additional burden of final expenses. With a traditional funeral now estimated to cost more than $8,000, many families have to borrow money, sell assets or dip into retirement savings when a family member dies unexpectedly.

If you don’t have a plan to cover final expenses, they will be left to your loved ones. At the very least you should leave enough to cover basic funeral expenses and provide a cushion for your family. But ideally you should consider a stream of income for your family that can replace what they will lose.

Foresters Financial™ has life insurance products that are designed to help with final expenses as well as a full range of traditional life insurance options. Click on the following suggested products for more information:

Term

Advantage Plus

Protecting your family's lifestyle

What would happen if you passed away unexpectedly? It’s not pleasant to think about but if others are relying on you financially, it’s time to push aside your discomfort and develop a plan to protect your family. If you were to die tomorrow, would your family still be able to pay the mortgage, auto loans, college tuition and other expenses? Adequate life insurance can help keep your family’s dreams alive, regardless of what the future holds.

An advisor can meet with you to assess your situation and review your debts, your dependents and your long-term financial goals so that we can find the right solutions to meet your needs. Click on the following suggested products for more information:

Term

Advantage Plus

Leaving a legacy

You’ve worked hard your entire life to create the lifestyle you always dreamed for yourself and your family but what do you want your legacy to be? Whether your desire is to protect a child or grandchild with special needs, donate to your most endearing charity or simply leave everything you’ve attained to your family and friends in the most tax-efficient manner, how will you ensure this becomes a reality? Foresters Financial™ can help you plan for the legacy you decide. Click on the following suggested products for more information:

Advantage Plus

412588 CAN (10/16)

Financial solutions

Looking for advice on achieving your financial needs? How can we help you?

Learn about our financial products

Save for your future

Plan your retirement

Protect your family

Learn about our financial products

Save for your future

Plan your retirement

Protect your family

Life Insurance Solutions

Annuities

Protecting your first home

Protecting their education

Just starting out

Nearing retirement

Preparing for final expenses

Protecting your family's lifestyle

Leaving a legacy

Life Insurance

Annuities

Tools & guides

Customer care

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