Financial  Planning...............What we offer to our clients!

Life Insurance

fIs a self created asset, a legally binding  financial instrument (Your Own WILL) which provides a lump sum of cash for a bereaved family.

If the major bread earning member of the family were to pass away untimely, this WILLED LIFE INSURANCE MONEY compensates for loss of deceased's life-time income earning  potential. It also provides  financial security for all the family   outstanding debts. Amount of death benefit is paid as a lump sum to the named beneficiary on the diseased Life Insurance Policy. Money paid is Tax- Free and can be used for Final Expenses, Charitable Giving or as per distributed as per the Will.

59% of all retiring Canadians are now retiring with debt. The loan on their home is their biggest worry.     

Critical Illness

This coverage allows for payment of a lump sum benefit to the insured person whilst the person is still living. 

This payment is very helpful when the insured is diagnosed with an incurable illness.Critically Ill individuals have added medical & lifestyle altering expenses within the home and at work. 

Tax- free money received from Critical Illness Insurance, becomes a savings grace for own life's existence. It is your life line .
Cancer, Heart Attack, Stroke, Major Organ Transplant, Severe Burns, Inability to look after ones activities of daily living, such illnesses generally limit the earning capacity of the affected person. However, the bills multiply & must be paid. At this stage, borrowing money is nearly impossible.

Who in your family has suffered a Critical Illness? Were they financially constrained? Who can help pay for their day to day expenses ?

Investments

theThe ability to grow returns, is generally forgotten! Your RRSP investments enable you not only to reduce the Income Tax you have already paid on your income, but your cumulative savings are the only source of income you would have at retirement.  Since money put into investments earns returns based on the length of time it is  invested, as well as the investment options chosen, most people never really save enough. 

You have about 40 years in your working life. The earned money when invested also needs to grow for 40 years to reach it's maximum potential. Like the 73  per cent Canadianswho own their own home , if you prioritize placing all your money on paying Mortgage of your house, you are neglecting the potential growth of your money that would accrue to you from your long- term investments. This delimma is worth solving. Shopp Finance can help you solve it !   

Question yourself before investing. Is your aim to simply get small guaranteed fixed interest return or achieve a compounding  savings appreciation from the Capital Market's Growth ? With a limited time till retirement, we need to multiply our investments to the maximum possible, in those 40 working years. The rule of 72 shows you how much time it takes to double your invested money. Invested Money doubles itself  in 8 years, in 12 years in 20 years or in 42 years. Which period would you choose to double your money ?

Why I Do What I Do ?

I have observed that there is an absolute aversion to Investment Risks, as consistently advocated by the Larger Financial Establishments.  Why is that?
Perhaps, lack of investor education in the operations of our capital market, as a prime instrument for monetary growth, may be the reason. However, even in times of War, Capital Markets Grow. If we look at the Andex Charts from 1950 on-wards till 2019, it is clear that in the long term, 7 years or more, Investing in the Mutual Funds of the Capital Market have always been immensely profitable and continues to be till today. Most dooms-day warnings are given by those who really believe in the contrary! They end up destroying the profit potential of the average struggling family, who sees only limited options. What a waste of our Capital Market, as a Resource!

Shopp Finance helps the average  family leap across this Risk v/s Rewards divide. We explain what is the present and future value of your money. Let you decide: money in your Home's Piggy Bank Or in your Retirement  Pocket?

Disclaimer:
Insurance guidance is provided by Atul Prakash, who is Professionally licensed and knowledgeable in the nuances of Needs & Wants of Life Insurance & Critical Illness Insurance & Disability Insurance. He also provides Accident & Illness Insurance & Medical Insurance for Vacation Travel & Visitors to Canada & Super Visa Medical Insurance & Group Benefits Plans  for Corporate Business. Investment business in Mutual Funds is distributed by Shah Financial Planning Inc. Segregated Funds are IVR Contracts. sold through Insurance Company Vendors.