Terri-lyn Lenz
Job title: Advisor, EPC
Trustworthy advice you can count on
Your financial strategy should be as unique as you are. Whether you’re just starting out, about to enter retirement, or somewhere in between, a strong financial roadmap can help you reach your short and long-term goals. Let’s work together to protect what matters most to you and help you secure your future. Reach out to get started. Let’s get you there.
Let's work together
When it comes to your finances and protecting your assets, knowledge is power. My goal is to empower you by equipping you with the knowledge to make decisions that will help you reach your goals. I can help you, whether you are a:
- family,
- new home owner or
- small business owner.
When we work together, I’ll listen to your needs. I’ll work with you as a team to set goals and protect your family, home or business. I know that your individual situation is unique. That’s why I customize your plan so it fits your stage of life, protection needs and savings goals.
I live in Vanscoy, Saskatchewan and serve Clients across Central Saskatchewan via in-person or virtual appointments. Contact me to book your appointment.
My story
My focus on helping families intensified in 2019 when my youngest child was in a major motor vehicle collision. My daughter spent eight weeks in intensive care unit, eight weeks in the neurology ward and then six months in the physical rehabilitation ward.
This experience had a devastating impact on our family and my business. Even today, years later, it impacts us. I had to take several months off from work before slowly transitioning back to my career. Throughout this time, I was in the hospital everyday.
The insurance my business and family had in place saved me from losing my business and our home. This experience has made me very passionate about helping others prepare for the unexpected. I’m determined to educate Clients on the benefits of protecting themselves and their assets.
Products and services
Health insurance products
Life insurance products
Saving, budgeting and investing
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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
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.
1. You’ll miss out on the advantages of compound interest.
2. You'll have to pay tax on your RRSP withdrawals.
3. You’ll permanently lose RRSP contribution room.
If you need cash to deal with an unexpected expense, reach out and we can figure out the right strategy for you.