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Received a cash windfall or inheritance? Learn 3 smart ways to protect, invest and grow your money for long-term financial resilience. David Cooke Wealth Counsellors can help.

Key takeaways Illness and injury can prevent you from reaching your goals if you can’t replace your income. Critical illness insurance can pay for things your government or private plan doesn’t. Disability insurance covers almost anything that prevents you from doing what you do for a living, and provides a monthly income until you recover. The cost of income protection due to illness or injury is very affordable compared to how it could derail your financial plan. Ima

KEY TAKEAWAYS FORO stands for the fear of running out of money – it affects 59% of Canadians. Retirees who take a defensive position gain access to tax-free benefits to cover unexpected costs. A resilient financial plan can eliminate FORO and provide a lifetime of reliable income. FORO is overcome through a combination of investment and insurance strategies. A recent survey from CPP Investments found that nearly six in 10 Canadians (59%) worry about outliving their savings. T

Most financial plans focus on money coming in (income), money going out (expenses), and what you do with the rest after the bills get paid. What they don’t always address is the financial erosion that threatens your ability to save more and build wealth. Key takeaways Wealth erosion refers to the gradual loss or reduction of family wealth that can occur undetected if you don’t know where to look. The most common forces of wealth erosion are taxes, inflation, spending habits,

Key takeaways If you could only do one thing to create lasting family wealth, you would want to buy permanent life insurance. Resilient wealth doesn’t rely on luck or timing. It’s built on a foundation of certainty. Permanent life insurance is the ideal foundation for everything you add to your plan for resilient wealth. If the law allowed you to build your entire financial plan around just one product—only one—what would you choose? This is the question that Bob Castilogne

Key takeaways Getting wealthy and staying wealthy requires a combination of investment and insurance strategies that work together. Income protection should be your priority throughout your working life. An advisor can help you create and adjust a more resilient financial plan that only gets better over time. Think about your income today and for the rest of your working years. If you’re 40, earning $100,000 per year and plan to work until age 65, that’s $2,500,000 of income