{"id":90,"date":"2022-10-11T16:34:43","date_gmt":"2022-10-11T16:34:43","guid":{"rendered":"https:\/\/www.rbcwealthmanagementfinancialservices.com\/en-ca\/?page_id=90"},"modified":"2023-06-22T15:31:40","modified_gmt":"2023-06-22T19:31:40","slug":"create","status":"publish","type":"page","link":"https:\/\/www.rbcwealthmanagementfinancialservices.com\/en-ca\/how-we-help\/create\/","title":{"rendered":"Create additional wealth"},"content":{"rendered":"\n<div class=\"wp-block-rbcwm-hero-block rbc-hero-wm  rbc-hero-overlap rbc-hero-overlap-mobile\"><div class=\"container\"><div class=\"row no-gutters\"><div class=\"col-lg-12\"><div class=\"rbc-card rbc-hero-card rbc-hero\"><div class=\"rbc-card-wrap\"><div class=\"rbc-card-body\"><div class=\"rbc-hero-body-content\"><h1 class=\"rbc-hero-title\"><span>Create additional wealth<\/span><\/h1><span class=\"rbc-hero-category\"><span>How we help<\/span><\/span><hr class=\"rbc-hero-hr hr-mini bdr-accent\"\/>\n<p class=\"has-large-font-size\">We can show you how insurance solutions may protect against the risk of future financial loss and help generate additional retirement income or cash flow.<\/p>\n<\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div>\n\n\n\n<section class=\"wp-block-rbcwm-rbc-block alignfull rbc-block has-white-color has-primary-background-color has-text-color has-background b-primary\"><div class=\"container\"><div class=\"row justify-content-center\"><div class=\"col-lg-12\">\n<div class=\"wp-block-rbcwm-columns container wrap\"><div class=\"row wrap blockId-e7360598-beab-4ff3-9a8e-01a08b10b732\">\n<div class=\"wp-block-rbcwm-column col-md-6 col-lg-6  mb-3 mb-lg-0\">\n<h2 class=\"wp-block-heading h3 mb-0&quot; has-white-color has-text-color\" id=\"h-prepare-for-the-future\">Prepare for the future<\/h2>\n<\/div>\n\n\n\n<div class=\"wp-block-rbcwm-column col-md-6 col-lg-6\">\n<p>At RBC Wealth Management Financial Services, we understand your needs and goals are always evolving. That\u2019s why we work closely with you and your trusted professionals to identify potential wealth-creating opportunities.<\/p>\n<\/div>\n<\/div><\/div>\n<\/div><\/div><\/div><\/section>\n\n\n\n<div class=\"wp-block-tk-tabs rbc-tab-expandable rbc-tab-medium overlap-top overlap-bottom rbc-block-grey\"><nav class=\"rbc-tab-nav\"><div class=\"rbc-tab-scroll-wrap\"><ul role=\"tablist\" class=\"rbc-tab-items\"><li role=\"none\" class=\"rbc-tab-item\"><button aria-controls=\"usinglifeinsurance\" aria-selected=\"false\" role=\"tab\" class=\"single-item rbc-tab-link\"><span class=\"rbc-tab-link-text\"><span data-id=\"0\">Using life insurance<\/span><\/span><\/button><\/li><li role=\"none\" class=\"rbc-tab-item\"><button aria-controls=\"usingincomewealthsolutions\" aria-selected=\"false\" role=\"tab\" class=\"single-item rbc-tab-link\"><span class=\"rbc-tab-link-text\"><span data-id=\"1\">Using income wealth solutions<\/span><\/span><\/button><\/li><\/ul><\/div><\/nav><section class=\"wp-block-tk-blocks-tabs\">\n<div data-tab-id=\"0\" class=\"wp-block-tk-tab-content active\"><section class=\"rbc-tab-content-wrap\"><div id=\"usinglifeinsurance\" role=\"tabpanel\" class=\"rbc-tab-expandable-content rbc-tab-content\"><div class=\"rbc-tab-content-body\">\n<section class=\"wp-block-rbcwm-image-block rbc-block rbc-block-image rbc-block-flush rbc-block-image-bleed rbc-block-image-mobile-top alignfull rbc-block-grey rbc-block-image-mobile-inherit\"><div class=\"container rbc-block-image-container\"><div class=\"row justify-content-between h-100 no-gutters\">\n<div class=\"wp-block-rbcwm-block-image-content rbc-block-image-content rbc-block-image-content-center col-lg-6 order-2 order-lg-1\"><div class=\"rbc-block-image-bleed-body wrap\">\n<h2 class=\"wp-block-heading\">Take care of those you leave behind<\/h2>\n\n\n\n<p>As much as we don\u2019t want to admit it, life can be uncertain\u2014and sometimes too short. <a href=\"https:\/\/www.rbcwealthmanagementfinancialservices.com\/en-ca\/insurance-solutions\/life\/\">Life insurance<\/a> may create some of the wealth you\u2019d no longer be able to provide if you die unexpectedly.<\/p>\n\n\n\n<p>Typically, you would use life insurance for this purpose if you&#8217;re younger with financial obligations, such as a mortgage, education savings plans and childcare expenses. Your spouse might be financially compromised if you pass away.<\/p>\n\n\n\n<p>Life insurance proceeds may also help pay for funeral expenses and taxation at death.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">A solution on your terms<\/h2>\n\n\n\n<p>Depending on your needs, a cost-effective solution may be <a href=\"https:\/\/www.rbcwealthmanagementfinancialservices.com\/en-ca\/insurance-solutions\/life\/#termlifeinsurance\" data-type=\"URL\" data-id=\"https:\/\/www.rbcwealthmanagementfinancialservices.com\/en-ca\/insurance-solutions\/life\/#termlifeinsurance\">term life insurance<\/a>. The benefit may help your family meet financial needs and obligations after you\u2019re gone.<\/p>\n\n\n\n<p>A term policy may include the option to renew your coverage during your term or convert it to a permanent plan. In most cases, this can be done without evidence of insurability.<\/p>\n\n\n\n<p><strong>Insurance may help with<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Building estate wealth<\/li>\n\n\n\n<li>Managing risk<\/li>\n\n\n\n<li>Protecting your mortgage<\/li>\n\n\n\n<li>Providing liquidity<\/li>\n\n\n\n<li>Supporting dependants<\/li>\n<\/ul>\n\n\n\n<p><\/p>\n<\/div><\/div>\n\n\n\n<div class=\"wp-block-rbcwm-blockimage-image col-lg-5 order-0 rbc-block-image-bleed-col order-lg-2\"><div class=\"rbc-block-image-bleed-img-wrap \"><div class=\"rbc-block-image-img rbc-block-image-bleed-img bleed-img-right\" style=\"background-image:url(https:\/\/www.rbcwealthmanagementfinancialservices.com\/en-ca\/wp-content\/uploads\/sites\/2\/2022\/11\/people_family_31_2250x1500.jpg)\"><\/div><\/div><\/div>\n<\/div><\/div><\/section>\n<\/div><\/div><\/section><\/div>\n\n\n\n<div data-tab-id=\"1\" class=\"wp-block-tk-tab-content\"><section class=\"rbc-tab-content-wrap\"><div id=\"usingincomewealthsolutions\" role=\"tabpanel\" class=\"rbc-tab-expandable-content rbc-tab-content\"><div class=\"rbc-tab-content-body\">\n<section class=\"wp-block-rbcwm-image-block rbc-block rbc-block-image rbc-block-flush rbc-block-image-bleed rbc-block-image-mobile-top alignfull\"><div class=\"container rbc-block-image-container\"><div class=\"row justify-content-between h-100 no-gutters\">\n<div class=\"wp-block-rbcwm-block-image-content rbc-block-image-content rbc-block-image-content-center col-lg-6 order-2 order-lg-1\"><div class=\"rbc-block-image-bleed-body wrap\">\n<h2 class=\"wp-block-heading\">Never outlive your retirement savings<\/h2>\n\n\n\n<p>Converting your life savings into a retirement income stream is a delicate process. A unique set of risks\u2014such as longevity risks, market risks and the sequence of returns before and during retirement\u2014have the potential to negatively impact a healthy retirement income stream.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Address risks with income segregated funds<\/h2>\n\n\n\n<p>Besides longevity and market risks, there&#8217;s also the risk of our savings not lasting long enough. Thanks to advances in healthcare, Canadians are living longer. <a href=\"https:\/\/www.rbcwealthmanagementfinancialservices.com\/en-ca\/insurance-solutions\/income\/#traditionalSegregatedFunds\">Income segregated funds<\/a> are designed to address these risks. These funds offer a guaranteed lifetime income stream to help protect you from outliving your savings.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Annuities may offer you peace of mind<\/h2>\n\n\n\n<p>If you\u2019re looking for another way to receive predictable retirement income, consider purchasing <a href=\"https:\/\/www.rbcwealthmanagementfinancialservices.com\/en-ca\/insurance-solutions\/income\/#annuities\" data-type=\"URL\" data-id=\"https:\/\/www.rbcwealthmanagementfinancialservices.com\/en-ca\/insurance-solutions\/income\/#annuities\">an annuity<\/a>. Independent from market and interest rate fluctuations, annuities create a steady cash flow with locked-in payments.<\/p>\n\n\n\n<p>People often use annuities as an efficient way to cover fixed costs. The steady cash flow may also help you avoid the need to liquidate other investments or assets.<\/p>\n\n\n\n<p>With a life annuity in your wealth plans, you will never outlive its income stream, and only the interest income is taxable.<\/p>\n\n\n\n<p><strong>Income wealth solutions may help with<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Peace of mind in retirement<\/li>\n\n\n\n<li>Predictable lifetime income<\/li>\n\n\n\n<li>Protection from market risks<\/li>\n<\/ul>\n<\/div><\/div>\n\n\n\n<div class=\"wp-block-rbcwm-blockimage-image col-lg-5 order-0 rbc-block-image-bleed-col order-lg-2\"><div class=\"rbc-block-image-bleed-img-wrap \"><div class=\"rbc-block-image-img rbc-block-image-bleed-img bleed-img-right\" style=\"background-image:url(https:\/\/www.rbcwealthmanagementfinancialservices.com\/en-ca\/wp-content\/uploads\/sites\/2\/2022\/11\/couple-smiles-with-advisor-in-page.jpg)\"><\/div><\/div><\/div>\n<\/div><\/div><\/section>\n<\/div><\/div><\/section><\/div>\n<\/section><\/div>\n\n\n\n<section class=\"wp-block-rbcwm-image-block rbc-block rbc-block-image rbc-block-flush rbc-block-image-bleed rbc-block-image-mobile-top alignfull rbc-block-image-mobile-inherit rbc-block-image-flush-content\"><div class=\"container rbc-block-image-container\"><div class=\"row justify-content-between h-100 no-gutters\">\n<div class=\"wp-block-rbcwm-block-image-content rbc-block-image-content rbc-block-image-content-center col-lg-6 order-2 order-lg-1\"><div class=\"rbc-block-image-bleed-body wrap\">\n<div class=\"wp-block-rbcwm-card rbc-card rbc-block-image-overlap-left rbc-card-flush-x-mobile\"><div class=\"rbc-card-wrap\"><div class=\"rbc-card-body\n\t\t\t\t\t\t\"><div class=\"rbc-card-icon c-white d-none d-lg-flex b-primary\" style=\"\"><span aria-hidden=\"true\" class=\"georgia rbc-card-icon-quote\">\u201c<\/span><\/div>\n<figure class=\"wp-block-rbcwm-blockquote mb-0\"><blockquote class=\"rbc-display\">\u201cI believe our estate planning specialist\u2019s greatest attribute is their ability to simply explain to our clients how and why insurance is important to their family\u2019s overall well-being. We always preach to our clients that investments are an important aspect of what we do, but it isn\u2019t the only thing we do for them. We also want to make sure our clients have a financial plan, and they and their families are adequately protected if some unforeseen unfortunate event happens in their lives.\u201d<\/blockquote><figcaption class=\"regular\">\n<p><strong>Troy Edwards<br><\/strong>Senior Portfolio Manager and Investment Advisor<br>Edwards Private Wealth<br>RBC Dominion Securities Inc.<\/p>\n<\/figcaption><\/figure>\n<\/div><\/div><\/div>\n<\/div><\/div>\n\n\n\n<div class=\"wp-block-rbcwm-blockimage-image col-lg-5 order-0 rbc-block-image-bleed-col order-lg-0 flex-lg-row-reverse rbc-block-image-flush-content\"><div class=\"rbc-block-image-bleed-img-wrap  d-flex flex-lg-row-reverse\"><div class=\"rbc-block-image-img rbc-block-image-bleed-img bleed-img-left\" style=\"background-image:url(https:\/\/www.rbcwealthmanagementfinancialservices.com\/en-ca\/wp-content\/uploads\/sites\/2\/2022\/11\/people_individual_08_2250x1500.jpg)\"><\/div><\/div><\/div>\n<\/div><\/div><\/section>\n\n\n\n<section class=\"wp-block-rbcwm-rbc-block alignfull rbc-block rbc-block-flush-bottom rbc-block-has-overlap rbc-block-small has-white-background-color has-background\"><div class=\"container\"><div class=\"row justify-content-center\"><div class=\"col-lg-12\">\n<div class=\"wp-block-rbcwm-rbc-button rbc-button-block row no-gutters align-items-end b-white blockId-e8dfbb66-4f72-45ca-88ba-5ab7806abab8 overlap-bottom\"><div class=\"rbc-card\"><div class=\"rbc-card-wrap\"><div class=\"rbc-card-body\"><div class=\"row\"><div class=\"col-lg-8\"><h3 class=\"mb-0 rbc-button-block-title\"><span>Let\u2019s talk about your financial future<\/span><\/h3><hr class=\"hr-mini my-1-half bdr-warm-grey\"\/>\n<p class=\"paragraph-intro\">Connect with RBC Wealth Management Financial Services or speak with your RBC advisor* to learn more about insurance planning.<\/p>\n\n\n\n<p class=\"is-style-disclaimer\">*Advisors at RBC Dominion Securities or RBC Phillips, Hager &amp; North Investment Counsel can assist you with insurance planning.<\/p>\n<\/div><\/div><\/div><\/div><\/div><div class=\"col-lg-5\"><a href=\"https:\/\/www.rbcwealthmanagementfinancialservices.com\/en-ca\/contact\/\" class=\"rbc-button rbc-button-block-cta rbc-button-large rbc-button-warm-grey rbc-button-block\"><div class=\"rbc-icon rbc-button-icon-right\"><i aria-hidden=\"true\" role=\"img\" class=\"rbc-icon-img fal fa-fal fa-angle-right\"><\/i><\/div><span>Contact us<\/span><\/a><\/div><\/div>\n<\/div><\/div><\/div><\/section>\n\n\n\n<section class=\"wp-block-rbcwm-rbc-block alignfull rbc-block has-white-color has-primary-background-color has-text-color has-background b-primary\"><div class=\"container\"><div class=\"row justify-content-center\"><div class=\"col-lg-12\">\n<header class=\"wp-block-rbcwm-block-header row rbc-block-header\"><div class=\"col-lg-12\">\n\n<h2 class=\"wp-block-heading rbc-block-header-title col-lg-12 has-white-color has-text-color\" id=\"h-get-the-most-out-of-life\">Get The Most Out Of Life<sup>\u00ae<\/sup><\/h2>\n\n<\/div><\/header>\n\n\n\n<div class=\"row wrap blockId-3327eab0-7861-4ea5-81be-823c2fc6bf90\">\n<div class=\"wp-block-rbcwm-column col-md-12\">\n<div class=\"wp-block-rbcwm-cardcta-block rbc-card rbc-card-cta rbc-card-hover rbc-card-cta-translucent ani-card-up rbc-card-mb\"><div class=\"rbc-card-wrap\"><div class=\"rbc-card-body\"><div class=\"row\"><div class=\"col d-flex\"><div class=\"row w-100 align-items-start\"><div class=\"rbc-card-cta-col-left mb-1 mb-lg-0 col-xl-4 col-lg-5\"><h3 class=\"rbc-card-cta-title h4\">Protect your wealth<span class=\"rbc-icon\"><\/span><\/h3><em class=\"rbc-display mb-0\"><blockquote><\/blockquote><\/em><\/div><div class=\"rbc-card-cta-col-right col-xl-8 col-lg-7\"><p class=\"rbc-card-cta-seperator\">Explore how insurance solutions may help create another asset within your overall portfolio, protect the value of your estate and fund your estate&#8217;s tax liabilities.<\/p><\/div><\/div><\/div><a href=\"https:\/\/www.rbcwealthmanagementfinancialservices.com\/en-ca\/how-we-help\/protect\/\" class=\"col-auto align-self-lg-center rbc-card-link-full position-static\"><span class=\"sr-only\">Grow<\/span><div class=\"rbc-icon rbc-card-cta-arrow fa-3x\"><i aria-hidden=\"true\" role=\"img\" class=\"rbc-icon-img fal fa-angle-right\"><\/i><\/div><\/a><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbcwm-cardcta-block rbc-card rbc-card-cta rbc-card-hover rbc-card-cta-translucent ani-card-up\"><div class=\"rbc-card-wrap\"><div class=\"rbc-card-body\"><div class=\"row\"><div class=\"col d-flex\"><div class=\"row w-100 align-items-start\"><div class=\"rbc-card-cta-col-left mb-1 mb-lg-0 col-xl-4 col-lg-5\"><h3 class=\"rbc-card-cta-title h4\">Transfer your wealth<span class=\"rbc-icon\"><\/span><\/h3><em class=\"rbc-display mb-0\"><blockquote><\/blockquote><\/em><\/div><div class=\"rbc-card-cta-col-right col-xl-8 col-lg-7\"><p class=\"rbc-card-cta-seperator\">Discover how insurance solutions may help you prepare for what happens with your estate\u2014and provide for your beneficiaries and the causes you care about\u2014after you\u2019re gone.<\/p><\/div><\/div><\/div><a href=\"https:\/\/www.rbcwealthmanagementfinancialservices.com\/en-ca\/how-we-help\/transfer\/\" class=\"col-auto align-self-lg-center rbc-card-link-full position-static\"><span class=\"sr-only\">Grow<\/span><div class=\"rbc-icon rbc-card-cta-arrow fa-3x\"><i aria-hidden=\"true\" role=\"img\" class=\"rbc-icon-img fal fa-angle-right\"><\/i><\/div><\/a><\/div><\/div><\/div><\/div>\n<\/div>\n<\/div>\n<\/div><\/div><\/div><\/section>\n\n\n\n<section class=\"wp-block-rbcwm-rbc-block alignfull rbc-block rbc-block-grey has-white-color has-block-grey-background-color has-text-color has-background has-block-grey-background-color has-background\"><div class=\"container\"><div class=\"row justify-content-center\"><div class=\"col-lg-12\">\n<header class=\"wp-block-rbcwm-block-header row rbc-block-header\"><div class=\"col-lg-12\">\n<div class=\"row\">\n\n<h2 class=\"wp-block-heading rbc-block-header-title col-lg-8 has-primary-color has-text-color\" id=\"h-related-strategies\">Related strategies<\/h2>\n\n\n\n\n<div class=\"wp-block-rbcwm-block-header-link col-lg-4 rbc-block-header-cta-wrap text-lg-right text-left mb-half mb-lg-0\">\n<p><a href=\"https:\/\/www.rbcwealthmanagementfinancialservices.com\/en-ca\/how-we-help\/insurance-strategies\/\" class=\"link-cta link-chev\">Browse all strategies<\/a><\/p>\n<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-rbcwm-block-header-description rbc-block-header-description\">\n<p><\/p>\n<\/div>\n<\/div><\/header>\n\n\n\n<div class=\"wp-block-rbcwm-card rbc-card rbc-card-mb\"><div class=\"rbc-card-wrap\"><div class=\"rbc-card-body\n\t\t\t\t\t\t\">\n<div class=\"row blockId-8e112d4e-5677-44aa-bb3a-c9aaf645e1e1\">\n<div class=\"wp-block-rbcwm-column col-md-6  mb-1-half mb-lg-2-half\">\n<h4 class=\"wp-block-heading\" id=\"h-planning-for-the-unexpected\">Planning for the unexpected<\/h4>\n\n\n\n<p>If you are in the early stages of creating wealth, insurance may be a low-cost way to create a financial safety net should you or an income-earning spouse pass away.<\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-rbcwm-column col-md-6  mb-1-half mb-lg-2-half\">\n<h4 class=\"wp-block-heading\" id=\"h-accident-or-illness-protection\">Accident or illness protection<\/h4>\n\n\n\n<p>Your ability to earn an income might be your greatest asset. Help protect it with living benefits insurance, which may provide funds to offset living expenses when you are unable to work.<\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-rbcwm-column col-md-6  mb-1-half mb-lg-2-half\">\n<h4 class=\"wp-block-heading\" id=\"h-retirement-income-enhancement\">Retirement income enhancement<\/h4>\n\n\n\n<p>Your investment in a life insurance policy isn\u2019t beyond reach. Through planning, those accumulated funds may be accessed in a tax-efficient manner during your lifetime. We can show you how.<\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-rbcwm-column col-md-6  mb-1-half mb-lg-2-half\">\n<h4 class=\"wp-block-heading\" id=\"h-business-term-insurance\">Business term insurance<\/h4>\n\n\n\n<p>In the event of a death, your business may need funds to ensure its continued operations. Term life insurance may provide funds for buy-sell agreements, to cover the loss of a key person and to insure collateral loans.<\/p>\n<\/div>\n<\/div>\n<\/div><\/div><\/div>\n<\/div><\/div><\/div><\/section>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":7,"featured_media":0,"parent":677,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"editor_notices":[],"footnotes":""},"rbcwm_content_owner":[],"class_list":["post-90","page","type-page","status-publish","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.8 (Yoast SEO v26.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Create additional wealth - RBC Wealth Management Financial Services<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.rbcwealthmanagementfinancialservices.com\/en-ca\/how-we-help\/create\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Create additional wealth - 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