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While your unique circumstances may require the expert advice of a TD Waterhouse insurance specialist, our overview of some typical life stages, provided below, will give you a better idea of how insurance strategies and solutions may combine to provide you with a personalized insurance portfolio designed to give you peace of mind at any given stage of your financial life.
Not all of the circumstances in each life stage need apply in order for the strategies to be appropriate. The strategies shown often apply to more than one life stage.
Starting Out
With a young family, moderate income and both short- and long-term debt, protecting the family and its financial stability in the event of death, disability or other personal crisis is a top priority.
Strategy and Insurance Portfolio
Building Wealth
Mid-life brings new responsibilities and concerns. Income and assets are increasing, debt is decreasing, but family obligations - both to parents and children - can provide challenges. It's also important that family wealth be secured.
Strategy and Insurance Portfolio
Pre-Retirement
Earnings are at their peak, debt is coming down and children are generally self-sufficient. Parents may require full-time care, and it's important to reduce taxes to maximize and protect assets.
Strategy and Insurance Portfolio
Retirement
Retired, with limited family obligations, the focus shifts from earning an income to staying healthy, not outliving your income and providing an inheritance for family members or leaving a legacy to charity.
Strategy and Insurance Portfolio
Personal Insurance Strategies Reference Guide
This convenient chart summarizes the four main life stages and the insurance strategies that may be appropriate for each stage.
Get chart
Take the next step
For more information please call your TD Waterhouse Advisor for a referral or contact TD Waterhouse Insurance Services at 1-866-757-2008.
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