Get The Best GIC Rates in Victoria BC With Discovery Insurance Service

1. Get The Best GIC Rates in Victoria BC Discovery Insurance

2. Introduction • It’s a quite strange issue to be definite, but after the experience of one of the worst monetary downturn since the Great Depression; many investors are looking for safe investment products that are capable of producing expected investment returns. • For many, this means investing in guaranteed investment products, such as guaranteed interest Contracts issued by insurance companies (GIC’s) or Guarantees Investment Certificates issued by banks (bank GIC’s). • These guaranteed investment products that earn interest may not seem as interesting or exciting as investing in a promising market mutual fund or commodity index. • Nevertheless, with many stock market indexes reporting negative returns, a little certainty can go a long way towards providing you with more confidence when saving for your retirement. And there is a lot more to today’s insurance GIC’s than many people may realize, making them healthy additions to any well-balanced financial plan.

3. GIC’s – A Healthy Addition to Every Financial Plan • Diversifying your investments among equities, fixed-income investments and cash has been the cornerstone of sound financial planning strategies for some time. And GIC’s can be a great fit for many investors looking to add more certainty to the fixed-income portion of their portfolio. • GIC’s do offer one very important advantage when compared to other fixed-income investments: they offer a guaranteed interest rate, no matter what the financial markets are doing. This can help to reduce overall investment risk within your portfolio while you’re saving for your retirement years.

4. The Insurance Advantage • Many investors realize that you can purchase bank GIC’s at your local branch. But did you know you can buy similar investment products offering very competitive rates from insurance companies? • GIC’s issued by insurance companies offer three distinct features that set them apart from bank GIC’s: an estate planning benefit, more extensive potential protection from creditors and tax advantage for non-registered contracts. • The estate planning benefit means that if you name a beneficiary other than your estate on the insurance GIC contract at the time of purchase, the proceeds (including interest) of your investment will bypass your estate if you pass away. • This is significant because it means that your beneficiaries will receive the proceeds privately* and directly, without administrative charges, while avoiding potential probate** and estate fees.

5. The Insurance Advantage • Insurance-based GIC’s may also protect your personal savings from professional liability. • As long as the GIC investment is made before an individual or business runs into financial difficulties, generally the proceeds of the GIC will be protected from creditors with the appropriately named beneficiary. This can be an attractive feature for owners of small businesses or those in any other profession where liabilities have the potential to threaten your personal savings.

7. Contact US • With Phil Edney’s association with Desjardins Financial Security Investments Inc., they have contracts with many of the banks, trust companies, and Credit Unions which allow them to shop the market for the best GIC rates in Canada. • To know more about GIC Rates Insurance in details then visit Discovery Insurance Service. Visit us today! Address: #26-1644 HillsideAve. Victoria, B.C. V8T 2C5 Contact No: (250) 592-4887 Toll Free: 1-888-567-9555 Website: http://discoveryinsurance.net/ Email: info@discoveryinsurance.net