Kelowna Life Insurance Dale Lamb Sun Life

Kelowna Life insurance - What is it?

2009-02-23T15:52:00.000-08:00

Life insurance is used to protect the financial security of the people you love most.

A life insurance policy pays a cash benefit, tax free, to your beneficiaries when you die. The amount of money for which you are insured and the type of insurance you buy depends on your needs.

People can get life insurance through work (some employers offer it through group benefits plans. This type usually ends when you leave the employer.) or they buy it on their own.

There are 3 types of life insurance: term, permanent and universal.

Term life insurance

Flexible, temporary, protection with options for your future

What is it?

Term life insurance provides temporary protection for temporary needs. It also has some flexibility, so you can adjust your insurance, as your needs change.

It provides several guarantees

You can choose between:

Term insurance - provides coverage for one person
Joint term insurance - one policy that covers 2 people who share a joint risk (e.g. a mortgage)

Who is it for?

We find that term life insurance is a popular choice for:

Individuals focused on affordability and flexibility
Small business owners facing debts or significant start-up costs
Business owners with complex needs like key person protection or buy/sell agreements
People with mortgages or other temporary debt-

Call today for an appointment: Sun Life Kelowna

Dale Lamb /DKL Financial Services Inc.

Kelowna, British Columbia

(250) 860-6403 x2203

mailto:x2203dale.lamb@sunlife.com

http://www.sunlife.ca/dale.lamb/e/index.htm

TFSA Kelowna Advisor

2009-01-23T15:55:00.000-08:00

The TFSA is the most significant government savings program since the introduction of the Registered Retirement Savings Plan (RRSP).It’s a great incentive for Canadians to save their money and have the interest grow tax-free.

Everyone can save! - Any Canadian can open a TFSA if they've filed a tax return and are 18 years of age or older.

Earn without taxes! - A TFSA lets you invest without being taxed on interest or investment earnings.

Contribution room grows. - Initially, your annual contribution room is $5,000 in a calendar year. In future years, the federal government may increase the annual amount in $500 increments to recognize the impact of inflation.

If you don't use it, you won't lose it! - Unused contribution room gets carried over to the next calendar year. There is no limit to how much contribution room can be carried forward.

Withdrawals don't impact contribution room.- If you take money out of your TFSA, you don't lose the contribution room – you get it back in the following calendar year. Your contribution room for the next calendar year will increase to reflect the amount of your withdrawal.

Keep it simple, consolidate. - While you can hold more than one TFSA across a number of financial institutions, you'll need to be careful not to over-contribute. Total contributions across all accounts can't exceed your accumulated contribution room. Each year you'll be assessed a 1% penalty on the amount you exceed your accumulated contribution room.

Keep what you earn! - Unlike an RRSP, you don't deduct your TFSA contributions from income on a tax return. However, the earned interest or growth won't be taxed. And money you take out of your TFSA won't affect federal income-tested benefits and credits.

Help others save!
TFSA contributions are made with after-tax dollars, so you can help your spouse or adult children in setting up their TFSAs. The interest they earn on this gift isn't taxable to you or them.

-Call today for an appointment: Sun Life Kelowna

Dale Lamb
DKL Financial Services Inc.
Kelowna, British Columbia
(250) 860-6403 x2203
dale.lamb@sunlife.com

http://www.sunlife.ca/dale.lamb/e/index.htm

Dale Lamb Kelowna RRSP Season

2009-01-10T21:42:00.000-08:00

Starting and building an RRSP will likely be one of the most important steps you take in your financial life. There is no better way to reduce your taxable income and save for the future.
What are the benefits of an RRSP?
Why are RRSPs such a powerful saving tool?
How much can I put into an RRSP?
When can I make a contribution?
What happens if I can't contribute the full amount?
Can I take money out of my RRSP?
How long can I have a RRSP?
What are my options when I have to close my RRSP?

What are the benefits of a RRSP?
Investments in an RRSP have 2 big advantages over investments held outside an RRSP:

1. The contributions you make are tax-deferred.
(Most people consider it “saving” tax, but the money is actually taxed when you eventually withdraw it.)
If you contribute to an RRSP, you won't pay tax on that money. For instance, say you make $65,000 per year. If you contribute $5,000 to an RRSP, you can deduct $5,000 from your taxable income for the year. You save the tax you would normally have had to pay on that $5,000.

2. The growth of your money is sheltered from tax while it grows.
Investments inside an RRSP grow without being taxed. That is true, whether the growth is from:
interest,
dividends, or
capital gains

-Call today for an appointment: Sun Life Kelowna

Dale Lamb

DKL Financial Services Inc.
Kelowna, British Columbia
(250) 860-6403 x2203
dale.lamb@sunlife.com

http://www.sunlife.ca/dale.lamb/e/index.htm

Dale Lamb Kelowna Financial Advisor

How an appointment with Dale Lamb Financial Advisor works

2009-01-10T21:16:00.000-08:00

As your advisor, I can identify opportunities and help you make informed choices for building and protecting your savings based on your goals and plans for the future.

Dale Lamb can help you:

assess your current situation by examining your finances,
set achievable financial goals,
develop a realistic plan to meet those goals,
put your plan into action,
monitor your progress to keep you on track, and update your plan to grow with your changing needs and goals.

I will work with you as much or as little as you choose. I am available to listen to your needs and concerns and work with you to come up with the best plan that suits your needs.

Preparing for a Financial appointment

2009-01-10T21:12:00.000-08:00

The most important step in providing clear financial solutions is understanding your needs. When we meet, here's the information we'll need for both you and your spouse:
Salary or income, investments and insurance amounts
Pension and registered savings information
Assets and debts
Financial information for any business you own
Critical Illness
We can help you be financially prepared for a serious illness. Critical illness insurance helps ease the financial worries so you can concentrate on recovery.
-
Call today for an appointment:
Dale Lamb
DKL Financial Services Inc.
Kelowna, British Columbia
(250) 860-6403 x2203
dale.lamb@sunlife.com

http://www.sunlife.ca/dale.lamb/e/index.htm
-
Dale Lamb Kelowna Financial Advisor

About Dale Lamb - Financial Advisor Kelowna

2009-01-10T21:02:00.000-08:00

Dale Lamb was raised in the Okanagan Valley and for the last 30 years has called the Okanagan his home. He went to school at Okanagan Mission Secondary High School and graduated in 1989.

Dale came from and entrepreneurial family and had an early interest in corporate finance and by the age of 17 he was already dabbling with the stock markets.

Dale went to the University of Victoria and pursued his Bachelor of Arts with a focus on business economics and statistics. From university Dale entered the corporate financial, industry and became an advisor with Mutual Life of Canada in October 1995.

Through the past 14 years Dale has been a leader and top performer in the financial field through all transitions from Mutual Life to Clarica and seven years ago the changeover to Sun Life Financial, bought out, merge

Dale is a Life and Qualifying member of the Million Dollar Round Table (MDRT) . MDRT is an international, independent association representing the world's best sales professionals in the life insurance-based, financial services industry.

DKL Financial Products and Services

2009-01-10T20:18:00.000-08:00

As your advisor, I am dedicated to providing you with practical solutions to your unique needs. I will work with you to help you get a clear picture of where you are now, and where you would like to be in the future.

For individuals
Growing and protecting the income you and your family depend on is a challenge. Whether it's through life insurance, health insurance or an investment strategy, we can offer solutions to help you build lifetime financial security.
Financial planning
Investing
Life
Health

For businesses

Businesses large and small can benefit from solutions that help protect your business and the people that work for you. Because every business is unique, plans can be tailored to suit your specific needs.
Key person protection [PDF, 2 pages, 195 kb]
Estate planning [PDF, 36 pages, 354 kb]
Corporate investment shelter [PDF, 2 pages,216 kb]

Dale Lamb
Kelowna, British Columbia
(250) 860-6403 x2203
dale.lamb@sunlife.com

Dale Lamb Kelowna Financial Advisor

financial advisor near Kelowna, BC