Terry Langridge Complete Financial Services

03/16/2021

I am getting tired of foolish misinformation being sent out. So here is part of my effort to combat it:
I, like most insurance advisors, received this notice this morning from the CLHIA, if you don't know who that is google it. Short answer an association of insurance providers i.e. the companies who what to sell you life, critical illness and disability insurance.
"Contrary to misinformation being shared on-line, receiving a COVID-19 vaccine will have no effect on the ability to obtain coverage or benefits from life insurance or supplementary health insurance.
The CLHIA is aware of misinformation that is being spread through social media claiming that individuals who get the vaccine will not be able to get life insurance or may be denied their disability or life insurance benefits. These claims are incorrect and have no basis in fact whatsoever.
Canada’s life and health insurers stress that vaccination is one of the most effective ways to protect yourself and others from serious illness and death from COVID-19. Receiving the vaccine will not affect your individual or workplace life or health insurance benefits, or ability to apply for future coverage.
As with any medication approved for use in Canada, the COVID-19 vaccines have been found safe and effective through Health Canada’s independent scientific and medical assessment process.
Individuals who have questions about their coverage are encouraged to consult their policy and contact their insurer directly.
Quote:
“Getting the vaccine will not affect your insurance coverage. No one should be afraid and choose to not protect themselves from COVID-19 because they are worried about it affecting their benefits. All of Canada’s life and health insurers are supportive of Canadians receiving government approved vaccinations to protect themselves from serious illness and death.”
About the CLHIA
The CLHIA is a voluntary association whose member companies account for 99 per cent of Canada's life and health insurance business. These insurers provide a wide range of financial security products including life insurance, annuities (including RRSPs, RRIFs and pensions) and supplementary health insurance to over 29 million Canadians. They hold nearly $950 billion in assets in Canada and employ more than 157,000 Canadians."
When it is my turn, I will be getting vaccinated, not just for my safety but for my family, my friends, my clients and society as a whole. I understand there are some risks but I am willing to accept them for my self and my family (when a vaccine is approved for my kids.)
Cheers,
Terry James Langridge

05/18/2020

Over the last 8 weeks a lot has changed, faster and more comprehensively than I have ever seen. Like you I have been adjusting to the change of having my kids at home 24/7, shopping every two weeks or online, missing my extended family, trying to use to technology to replace seeing people face to face and watching death tolls in the States and around the world rise while safe on my little island. Needless to say it has been hard on all of us, mentally, physically and financially. Personally I miss my friends and extended family, my clients, my gym and favorite restaurants, and having physical human connection outside of my own little bubble and I am wishing this whole thing could be over but it isn’t… not yet. That being said we have been given an opportunity to open slowly and with preparation given the risks and needs of society as a whole. So, despite working the whole time answering questions and requests from people like you and researching the new supports and structures looking for new effective strategies, I am taking a more proactive approach to supporting you through this hard time, not with platitudes but with information, resources and strategies.

Given your situation has changed, at least socially if not financially, at this time I do not know how much, so within the next month I intend to reach out via email and phone to touch base addressing questions, concerns and changes giving option and advise after I find out your situation asking questions like:
1) What has changed in your employment/income?
2) What has changed in your budgeting?
3) What has changed in your responsibilities?
4) What has changed in your goals?
These type of questions will allow me to discuss what resources and supports are appropriate for you: Government, London/Canada Life, technology or others and assist you in making informed decisions essentially allowing me to tailor the avalanche of information to your needs.

Looking to the near future there are opportunities that are coming around investing, tax planning, financial support and others that if we look at now we can effectively save you money or reduce your expenses effectively making your situation better going forward.

I am looking forward to connecting with you by phone or in person (safely) in the near future.

To facilitate your needs my office hours and methods of connecting are as follows:
My office hours are:
9am to 7pm Monday and Thursday
9am to 3pm Tuesday, Wednesday and Friday
Meetings can be held as follows:
1) Phone, Skype or Zoom booked here: https://calendly.com/terry-langridge/distance-meeting
2) In person with the following conditions booked here https://calendly.com/terry-langridge/presentation-meeting-clone
a. Cleaned office (wiped down before and after each meeting)
b. a 2 meter distance
c. Maximum 2 clients at a time
d. You are welcome to wear a face mask or not as you deem appropriate or request that I wear one
e. I will have the wiped down pens for any paperwork needs we have.
f. Please cancel if you are showing any flu like symptoms and I will do the same.
I know this feels like overkill and it probably is but with at risk parents, clients and peers I want to be careful.

As I am reaching out to my entire book of business in the next month if you want to book your time in advance now please feel free here: https://calendly.com/terry-langridge

Stay safe and healthy,

Terry Langridge
Financial Security Advisor
Freedom 55 Financial
Office: (778) 405-0383
Cell Phone: (250) 881-5597
E-mail: [email protected]
Website: www.terrylangridge.ca
Book your appointment now: https://calendly.com/terry-langridge

An in depth review of topics identified last time.Please email the documentation requested for this discussion at least 24 hours before the meeting. Please add how you want to connect as well so that we can make this happen.

03/13/2020

First off I want to ask you to not make a poor choice during this market downturn. Historically the worst action taken and what costs many investors the most is selling during a downturn and keeping their money in cash while the market recovers, the whole buy high sell low concept.
Warren Buffett is credited with saying “Be fearful when others are greedy and greedy when others are fearful” and after the largest market decrease since 2008 there is a lot of fear right now. I believe the best thing you can do to protect your current wealth is to hold the course or take more progressive action. Market recoveries have almost always been less than 3 years and most less than 12 month so when you hold the course you come out ahead as evidenced by the historical chart at the end of my message

Second thing is how to use negative markets to your advantage now that you know the best choice for protecting your current investments. We have been waiting for a major correction for the last 8 years, while market timing does not normally work we have the opportunity now to say “well that happened, I can now do this to get ahead” with a lot more certainty that I have been able to have since 2008.

I have three methods of proceeding to enhance your returns using the negative market and eventual recovery moving from least risky to most risky:
1) Rebalance your portfolio from fixed income instruments to equity instruments, your fixed income has earned positive returns while the equity has gone down, rebalancing your portfolio towards a higher equity component allows you to take advantage of that change markets upward swing.
2) Investing money you have been holding off to the side or depositing more money on a monthly basis to basically buy while the market as a whole is “on sale”
3) We can borrow money to invest more in the markets based on your situation so that you can get ahead in a drastic fashion over the next few years – With interest rates on the decline again and the tax deductibility of the interest we are looking at a very low cost for a potentially very high return.

If you want to explore one or more of the above options, you book a meeting directly at https://calendly.com/terry-langridge for those of you concerned about in person meetings during the COVID-19 I have added a skype/phone meeting (distance meeting) to my booking page so that you can keep yourself safe.

Talk soon,

01/15/2019

After the toughest investment environment in 10 years some of my clients have asked for some advice, I think the best advise I can offer at this time is "this too shall pass"...
The markets go up and down but the impact of that pales in comparison to the day to day actions that you take to get to your goals, one step at a time, one choice at a time, one day at a time until you reach your chosen goals.
To a 2019 of the best choices, the small steps forward and getting there.

02/14/2018

Sorry for not posting in a while, due to changes in Facebook I am migrating my primary communication back to email. So starting in March a monthly email with articles, notes and updates about the financial and my world will be sent out. I will keep this page up but it will not be as active as the last 6 months.
Cheers,
Terry

01/08/2018

Do you contribute to your TFSA?

A TFSA allows you to invest and save up to $5000 a year without paying tax on any earnings that may accrue. The income earned on the amount contributed is tax-free, even when it is withdrawn. A TFSA can be used to enhance your overall financial plan and help you to save for both long and short-term goals. I can teach you best strategies.

01/07/2018

Best Strategies for your RRSP

Most of us know a Registered Retirement Savings Plan or RRSP is a type of investment account primarily used for your personal retirement savings. But how to best go about it? I can help.

01/06/2018

Are you debt free?

A new study by Statistics Canada shows 29.6 percent of Canadian families were debt-free last year. That's actually better than the 28.9 percent from the 2012 survey but pales in comparison to the 32.7 percent of 1999.