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These tools have been curated to meet most people’s needs and provide you with as many resources as possible. This way you can make informed decisions backed up with hard numbers.
These tools have been curated to meet most people’s needs and provide you with as many resources as possible. This way you can make informed decisions backed up with hard numbers.
The form below will allow you to calculate the amount of life insurance you will need to purchase to take care of your family and final expenses.
Contact Majdoub Financial Services today to get a quote for any new life insurance to give your family and loved ones a piece of mind.
This will allow you to calculate how much you will need to invest every year to meet your savings goals.
Tip: Hover over the question mark icons for more information.
This will allow you to calculate how much you will save over a specified amount of time.
Tip: Hover over the question mark icons for more information.
Just like your car requires its annual inspection to make sure the brakes, lines, and engine components are working properly, so does your personal financial plan. Hopefully, you already have one in place that was created either by you, or even better, by a professional financial planner. The plan is basically your road-map to retirement and financial security.
As we all know, nothing in life is constant, except change. For that reason you need to take some time every year to review the financial plan you have in place and to make sure that it still meets all of your needs. What follows is a quick 30-point inspection of the basics that should be covered in order to protect yourself financially.
This calculator provides an estimate for the amount of disability benefit that you qualify for. Self-employed people can add 15%, to a max of $30000, to their annual income.
Please contact us for further details.
For exact benefits available to you, contact Majdoub Financial Services.
Medical residents and incorporated physicians may qualify for more coverage.
Monthly benefits can vary by company.
This calculator can be used to determine how long your existing and new insurance will cover your family’s needs.
To insure and protect your family, contact Majdoub Financial Services today!
Questions | Term Life Insurance | Permanent Life Insurance |
---|---|---|
Lifetime coverage? | No, coverage is for a specified term | Yes |
Can more than one life be covered? | Yes, single or joint coverage with payout on first death | Yes, single or joint coverage with payout on first OR last death |
Cost? | Increasing premium | Level premium |
Premium guarantees? | Initial premium is guaranteed. Renewal guarantees vary by company | Premiums for the basic insurance coverage are guaranteed for the duration of the premium-paying period |
Premium flexibility? | No, premiums are payable for the entire coverage period | Yes, some dividend options allow you to pay premiums with your dividends |
Death benefit? | Level benefit guaranteed | Level or increasing death benefit |
Guaranteed cash value? | No | Yes |
Dividends? | No | Yes |
Investment options? | No | No, a team of professional managers invests pooled assets of all the participating parties |
Additional benefits and riders? | You can customize your life insurance policy by selecting from a wide variety of optional benefits and riders which vary between products. Contact The Majdoub Group for more details about these options. |
Male | Female | |||
---|---|---|---|---|
Type | Developing | Dying | Developing | Dying |
All cancers | 41.2% | 27.4% | 37.6% | 23.1% |
Prostate | 12% | 3.6% | - | - |
Breast | - | - | 11.4% | 3.7% |
Lung | 8.8% | 8.3% | 5.5% | 5% |
Colorectal | 6.7% | 3.5% | 6.1% | 3.3% |
Lymphoma | 2.9% | 1.6% | 2.5% | 1.4% |
Bladder | 2.7% | 1% | 1% | 0.4% |
Body of uterus | - | - | 2.3% | 0.6% |
Ovary | - | - | 1.6% | 1.1% |
Kidney | 1.6% | 0.7% | 1% | 0.4% |
Stomach | 1.4% | 1% | 0.8% | 0.7% |
Leukemia | 1.4% | 1% | 1.1% | 0.7% |
Pancreas | 1.3% | 1.2% | 1.3% | 1.3% |
Melanoma | 1.1% | 0.3% | 1% | 0.2% |
Cervix | - | - | 0.7% | 0.3% |
Source: Lifetime probability of developing and dying from cancer, retrieved July 30 2007 from Statistics Canada
Can't decide between a Tax-Free Savings Account or an RRSP?
Answer a few simple questions below, and we'll help by recommending which investment is best for you.
What age are you?
How much money do you want to invest this year?
Have you already maxed out your RRSP contributions?
Do you have taxable income you will be reporting?
How much do you expect to earn in the future?
Do you have income-tested benefits like the Child Tax Benefit or Old Age Security?
Contact Majdoub Financial Services today to get helpful advice on how a Tax-Free Savings Account and RRSPs could help you meet your investment goals.
Do you know what it will take to create a secure retirement? Use this calculator to help you create your retirement plan. View your retirement savings balance and your withdrawals for each year until the end of your retirement.
Please contact us for further details.