Mike Butean
Job title: Advisor, Sun Life, CCS, PFA™
Languages spoken: English, Romanian
Area(s) served: Kitchener-Cambridge-Guelph-GTA,Ontario
Vision Statement
To help families and entrepreneurs create generational wealth and financial security through smart, protection-first strategies – using permanent insurance with cash value, critical insurance coverage and strategic investments options as powerful tools for their future. My legacy is to build trust, reduce financial stress and leave a lasting impact through honest, Client-first advice.
Who we service
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Entrepreneurs small
Families
Incorporated professionals
Helping you achieve lifetime financial security
My goal is to help you achieve lifetime financial security and live an overall healthier life. I do this by taking the time to learn about your unique financial situation and goals. From there, I use my experience and industry knowledge to create a plan that helps you get on track.
I understand that you can’t know what you don’t know. I take an approach that doesn’t focus on the past but instead prepares you for the future. My most important job is to help you achieve financial independence. Let me help you get to a place where you feel confident that you can survive financial storms, thrive and teach your kids to do the same.
My office is in Kitchener, Ontario. I’m happy to offer in-person and virtual appointments to the tri-city and all over Ontario. Please book an appointment with me to get started.
Career change and growing family
Products and services
Health insurance products
Life insurance products
Saving, budgeting and investing
Health protection and Financial Security
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Don't let your retirement goals take a backseat to your wanderlust! Let’s budget for domestic travel while keeping your retirement plan on track.
#RetirementPlanning #CanadianTravel
Don't let your retirement goals take a backseat to your wanderlust! Let’s budget for domestic travel while keeping your retirement plan on track.
#RetirementPlanning #CanadianTravel
Canadians turning to travel for resilience and longevity
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.