Testimonial
Rewiring Retirement Plans
How Whole Life Insurance Paved Tony’s Path to Financial Peace
It is good to know there will be something there for your loved ones when time comes and also have cash available to you before that time.
Challenge
Intro to: Tony Virginillo
Tony Virginillo is a true British Columbia. He was born in and lived in the metro Vancouver area his entire life. Upon attending Tillicum and Confederation Park Elementary schools, he graduated from Alpha Secondary. He found a career in the trades, which started with admission to BCIT and an electrical apprenticeship soon after.
Maxed-out RRSP, but not enough for a comfortable retirement...
Over the years, he continued a successful career as an electrical foreman. He made Maple Ridge his home. But despite his career advancements and maxed-out RRSP contributions, he became increasingly stressed about his retirement prospects. Sleepless nights became his norm.
Solution
Enter Jamal Khan
Tony finally faced his financial anxieties head-on. A colleague eventually referred him to Jamal, who diagnosed the source of his worries: although his RRSP contributions were maxed out, they wouldn’t be enough for a comfortable retirement.
But before Tony could start panicking, Jamal presented him with a solution: Tony was a great fit for Whole Life Insurance, which could provide additional leverage or flexible access to cash during his retirement.
Tony knew he could trust Jamal: “His calm demeanor gave me the confidence that we could put together a plan that worked for me. […] With the information I received, I have been able to understand how Whole Life works, and [it] has given me a positive outlook for when I retire.”
No more sleepless nights for Tony. With his Whole Life Insurance policy, he knows he could be mortgage-free by retirement. Plus, he now has the financial backing for a stress-free, secure future.
Results
Today: In his own words
“My outlook on my future financial situation is very good now and I feel I will be in a good financial situation when that time comes.
“It is good to know there will be something there for your loved ones when time comes and also have cash available to you before that time.
And if I could go back, what I might have done differently regarding my Whole Life Insurance policy is that I would have definitely started to pay into a policy at a younger age. I would budget what you can afford for a monthly payment.
Jamal has been great at communicating with me and has been on the ball when it comes to making changes to my investments when needed.
My goal is to settle down somewhere in Central America, and I can’t wait for when I’m ready to do it. I feel great about my prospects!”