Insurance expertise

Joanne Iverson

JoAnne Iverson

Wealth Protection Specialist, Credential Financial Strategies Inc.

Life insurance… as affordable as a cup of coffee.

Some people think of life insurance as something they’ll need to start thinking about as they approach retirement. The truth is—if someone you love will suffer financially when you die, you need life insurance to be included as part of your overall wealth preservation strategy.

The cash provided by your policy at death replaces your income and can help your family meet important financial needs like the cost of a funeral, paying off a mortgage, funding a child’s education or daily living expenses.

It’s much more than just a death benefit

While many people think of life insurance primarily as a tool to protect their loved ones, it can be used for much, much more.

For individuals, adequate insurance can:

  • Supplement a retirement income
  • Enhance or equalize an estate
  • Act as a tax-advantaged investment solution

For business owners, it can:

  • Provide a tax-shelter for savings
  • Become a source of retirement income
  • Help alleviate debt such as a line of credit

The right fit

There are two main types of life insurance. As a Wealth Protection Specialist, I can help you determine which is right for you.

Permanent Life Insurance

  • Covers an entire lifetime
  • Security of fixed premiums
  • Premiums can build equity allowing to take a loan against it or use as collateral.
  • Some policies allow taking cash value.

Term Life Insurance

  • Protection for a set duration of time.
  • Protection against temporary obligations such as a mortgage or child’s education.
  • Can fund a buy-sell agreement between partners accumulated.

How much is enough?

Determining how much life insurance coverage you’ll need is an important step towards a balanced wealth plan. I can work with you to calculate how much you need now and anticipate your needs well into the future.

Your needs

Understanding your insurance needs, and aligning them to the correct solution, is what I do. Solutions available include:

  • Life Insurance (Term or Permanent)
  • Critical Illness
  • Disability Insurance
  • Annuities

I will work with you to determine:

  • Costs to cover immediate, ongoing and future expenses
  • How much annual income your loved ones will need
  • Policies you may already have and savings you’ve accumulated
  • Policies to suit your budget

Surrounding you with expertise

Other areas of expertise offered through my Credential colleagues include:

  • Financial & estate planning
  • Actuarial services
  • High net worth services
  • Trust services
  • Philanthropy
  • Small business services

Working with an expert to uncover your needs forms the basis of a solid wealth preservation strategy. It begins with a conversation. Contact me to discuss your options.

Advisor shaking hands with client

Life insurance.

A key component of ensuring your generational wealth.