Calculators
Four sums, done in your browser. Every figure you enter stays in the page: nothing is stored, nothing is sent to us, and there is no form to fill in first.
Calculators
- Life insurance needs estimateA plain arithmetic estimate of how much life insurance a Canadian household might need: income to replace, debts to clear, less what is already in place.
- Retirement income gapThe difference between the retirement income you want and the income you already expect, and the capital that difference implies at a rate you choose.
- What a fee costs over timeThe same money, compounded twice: once at your assumed return and once at that return less the annual fee. The difference is what the fee costs.
- The rule of 72How long money takes to double at a rate you choose, by the old mental shortcut and by the exact arithmetic, side by side.
This calculator is an illustration, not a quotation, a projection or a recommendation. It performs arithmetic on figures supplied by the reader and supplies no rate, return, premium or benefit of its own. Results depend entirely on the assumptions entered and will differ from any real contract, plan or account. Canadian Wealth Creation Centre Inc. is licensed for insurance distribution and is not registered with CIRO; nothing here is securities advice. No figure entered here is stored, transmitted or seen by anyone.
It is a sum, not a promise. Change one assumption and the answer changes, which is the point of it. Use it to understand the shape of a question, then check the specifics against a real statement, a real contract, or a person licensed where you live.
A thirty-minute discovery meeting
A first conversation establishes whether this fits. No illustration is prepared and nothing is arranged.
Often the answer is no, and you will hear it during the call rather than in a proposal afterwards.
The form is on the discovery meeting page and takes a minute. It arranges a conversation. It is not advice, and nothing is being sold here.
Listen to this page
Read aloud by your own browser. Nothing is sent anywhere.
About the author
Jose Salloum is a Financial Security Advisor (Conseiller en sécurité financière) licensed by the Autorité des marchés financiers in Quebec, by the Financial Services Regulatory Authority of Ontario, and by the Insurance Council of British Columbia. Licensed since 2001, he works with Canadian families, business owners and incorporated professionals.
He is the founder of Canadian Wealth Creation Centre Inc. (CWCC), registered with the AMF, and of its educational branch IBCFinancial.com. He holds the Infinite Banking Concepts® Authorized Practitioner certification from the Nelson Nash Institute, a private certification rather than a regulatory licence.
CWCC is not registered with CIRO and does not provide securities advice. This page is general education and not advice on any individual file.
Important disclosures
This page is education, not advice. The content is general information prepared by Canadian Wealth Creation Centre Inc. It does not take your circumstances into account and is not a recommendation to buy, hold or cancel any contract. CWCC is not registered with CIRO and does not provide securities advice. The firm places insurance in Quebec, Ontario, Alberta, British Columbia, Manitoba and New Brunswick; clients elsewhere are served by advisors licensed in their province.
Nothing here was written with your file in front of us. Read it to understand the subject, then judge it against your own situation, ideally with someone who is licensed where you live and who has seen your numbers.
This is not tax advice, and the tax treatment depends on your own circumstances. The tax treatment described depends on the contract remaining exempt under the Income Tax Regulations and on the reader’s individual circumstances. A withdrawal, a surrender or a policy loan may be a disposition under the Income Tax Act, and amounts above the adjusted cost basis may be taxable in the year they occur. Tax rules change. Canadian Wealth Creation Centre Inc. is licensed in life and health insurance. It is not an accounting practice, it does not prepare returns, and nothing on this site is tax advice or an opinion on any reader’s tax position. Anything a reader intends to rely on should be confirmed with a professional accountant and against the current published rule of the Canada Revenue Agency and, in Quebec, Revenu Québec.
The tax result is not automatic and it is not unconditional. It rests on the contract staying within the Canadian rules and on your own situation. Before you rely on any of it, talk to an accountant who has actually worked with these contracts.
Illustrations and projections are not predictions. Any figures, examples or illustrated values are hypothetical, are shown to explain a mechanism, and are not a forecast of the performance of any contract. Actual values will differ and may be lower than those shown. Past dividend scales do not predict future scales.
An example is there to show how the parts move, not to tell you what you will get. Any real illustration you are shown should be read on its guaranteed columns first.