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How to make retirement savings last

How to make retirement savings last

Boost your knowledge with this helpful article.

The opinions expressed in this article are of the fund company that owns this content and do not constitute professional advice or recommendation, nor do they reflect the official position of Sun Life. Please seek advice from a qualified professional, including a thorough examination of your specific legal, accounting and tax situation.
Exciting news! Sun Life launched a new GenAI-powered Notes Assistant tool for advisors.

Powered by GenAI, this tool efficiently and safely summarizes Client meetings and outlines action items. As an advisor, this allows me to spend less time taking notes, and more time on what matters most – helping Clients achieve lifetime financial security and live healthier lives.

This is one example of how Sun Life is embracing the power of technology to make life brighter for advisors and Clients.

Want to learn how this can benefit your financial journey? Let's chat about your goals and how I can help you achieve them.




Transcript: Say hello to Sun Life’s new Notes Assistant created for advisors powered by GenAI. Key features: Meeting summaries, Action items, Draft emails. 100% of advisors saved over 15 minutes per meeting. 65% of advisors saved over 30 minutes per meeting. Harnessing GenAI so advisors can spend less time on note taking and more time helping Clients achieve lifetime financial security and live healthier lives.
How much life insurance is the right amount? Let’s set up some time to discuss the details such as how long you need it and what kind might be right for you. You can walk out feeling more confident and educated on your options.


Script: How much life insurance is the right amount? Simply put, the amount of life insurance you need depends on your unique situation. A good place to start is to figure out how much life insurance you may need… how long you need it for… and what kind might be right for you. Let’s look at an example: Jackie is 33 years old… and has two kids. She has four goals for her life insurance: Leave money to her family to pay off her mortgage. Top up her kids’ registered education savings plans. Pay off her student loans. And, replace her income for 10 years. Based on these goals, Jackie is looking at a 1-million-dollar life insurance policy. If she died, her family could choose to use the insurance payout to: Put 300-thousand dollars toward the mortgage. Add 60-thousand dollars to the kids’ RESPs. Pay off her 40-thousand-dollar student loan. And… cover the family’s ongoing costs with the remaining 600-thousand dollars. How much do life insurance payments cost per month? In Jackie’s case, a 1-million-dollar, 30-year term policy for a non-smoking, 33-year-old woman… could cost about 80-dollars per month. For a man of the same age, it’s closer to 110-dollars per month. How long do you need your coverage to last? For a younger person… or a couple with debt and a mortgage, a 30-year policy or longer may be suitable. For someone in their forties… with little debt and a small mortgage… a 20-year policy might be the right fit. What are your options? Your employer may offer life insurance through your employee benefits. But… it may not be enough. And you can lose that coverage if you change employers. You may want to consider more life insurance. In which case, you have two types to choose from: Term life insurance. And… permanent life insurance. Any amount of life insurance can help give your loved ones some financial security when you die. Your unique situation will inform the amount and type of insurance you need. For more tips and tools, visit sunlife.ca.
What is a recession and what does it mean for you

What is a recession and what does it mean for you

Take control of your personal finances by understanding the industry better. Check out these resources to get started.


The opinions expressed in this article are of the fund company that owns this content and do not constitute professional advice or recommendation. Please seek advice from a qualified professional, including a thorough examination of your specific legal, accounting and tax situation.
When should I start saving for retirement?

When should I start saving for retirement?

Empower yourself with easy-to-understand resources and learn more about the financial industry.

The opinions expressed in this article are of the fund company that owns this content and do not constitute professional advice or recommendation, nor do they reflect the official position of Sun Life. Please seek advice from a qualified professional, including a thorough examination of your specific legal, accounting and tax situation.
US stocks bear brunt of global economic uncertainty

US stocks bear brunt of global economic uncertainty

Access helpful resources on financial knowledge developed by professionals in the industry.


The opinions expressed in this article are of the fund company that owns this content and do not constitute professional advice or recommendation, nor do they reflect the official position of Sun Life. Please seek advice from a qualified professional, including a thorough examination of your specific legal, accounting and tax situation.
Bank of Canada holds interest rate at 2.75% again as 'uncertainty remains high'

Bank of Canada holds interest rate at 2.75% again as 'uncertainty remains high'

Bank of Canada holds interest rate at 2.75% again as 'uncertainty remains high'
Wills, Care And Tough Talks: A Mother’s Day Financial Planning Guide

Wills, Care And Tough Talks: A Mother’s Day Financial Planning Guide

Discover how to support your mom in planning for the future with practical advice on estate, legal, and care decisions.
How much does divorce in Canada really cost?

How much does divorce in Canada really cost?

Christopher Liew outlines some of the expected and not-so-expected costs of divorce, to help you prepare and plan if you and your spouse decide it’s time to part ways.
Why the sky-high price of groceries may be starting to stabilize

Why the sky-high price of groceries may be starting to stabilize

A food economist is expecting more stability through the summer months with the next update from Statistics Canada coming on May 20.
Economist says Canadian grocery prices may level off

Economist says Canadian grocery prices may level off

An economist says Canadians may see grocery prices ease as supply picks up, demand cools, and a stronger dollar and paused tariffs help.
The costs to own a car in Canada are rapidly rising, in addition to tariffs - National | Globalnews.ca

The costs to own a car in Canada are rapidly rising, in addition to tariffs - National | Globalnews.ca

The costs involved in car ownership continue to rise at a rapid rate, and U.S. President Donald Trump's tariffs could create a snowball effect.
Can you make RRSP contributions after age 71? - MoneySense

Can you make RRSP contributions after age 71? - MoneySense

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Tax refunds are arriving and Gen Z are the most likely to invest it: survey - National | Globalnews.ca

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