Advice

 

Description: This animated video introduces a character named Krista, her partner and her advisor with illustrated graphics to explain responsible investing.

Text: Ask an advisor: What is responsible investing?

Description: An illustration of the world with leaves draws into the frame.

Krista: My partner and I just adopted our first baby. We want to start saving for her future, while also investing in a better world for her to live in.

Description: Krista holds her newborn baby while talking on the phone in her living room. Her partner comforts her.

Advisor: Responsible investing is a way to make the world a better place while also helping you reach your financial goals.

Description: Cut to the advisor sitting in her office, talking through a headset. A laptop sits in front of her.

Advisor: It’s a way to invest in companies that show they care about society, the environment and their employees with the way they do business.

Description: Illustrations animate into frame: a skyscraper to represent companies, a group of people for society, a wind turbine for the environment and two people talking for employees.

Advisor: It also limits investing in companies with damaging or unsustainable business practices.

Description: The camera pans to eight pie graphs with investment graphics. The unsustainable investments get smaller.

Krista: But will I have to sacrifice performance?

Description: Cut to Krista on the phone.

Advisor: Most people don’t realize these investments perform just as well or better than traditional ones.

Description: Two line graphs appear, each labelled “Traditional” and “Responsible,” showing the same investment growth over time.

Advisor: If you believe in more sustainable products and businesses,

Description: The line from the “Responsible” graph continues and draws a world illustration into the frame.

Advisor: responsible investing could be for you.

Description: Cut to the advisor in her office.

Advisor: Let’s talk about how responsible investing can fit in your financial plan.

Description: The frame splits in half and Krista appears on the phone. She smiles.

Text “Let’s talk. Contact me today.” appears onscreen with a legal line: “Video produced by Canada Life. canadalife.com 1-204-946-1190”

 

Description: This animated video introduces a character named Greg and his advisor with illustrated graphics to show how benefits can help a small business owner.

Text: Ask an advisor: Should I get benefits for my small business?

Description: An illustration of a storefront draws into the frame.

Greg: My employees have been asking for workplace benefits. Are they right for my business?

Description: Greg stands behind a counter of baked goods while talking on the phone. An employee carrying empty coffee cups on a tray walks into frame.

Advisor: I'm in the neighborhood. I’ll stop by.

Description: Cut to a close-up shot of Greg.

Advisor: In today’s competitive job market, group benefits can be a great way to invest in your company’s health.

Description: The advisor sits on a stool at a high table with her laptop. Greg serves her tea.

Advisor: They can help you attract and retain staff

Description: The camera zooms out to show Greg in a circle. Two more circles appear with Greg’s employees inside each.

Advisor: Improve morale and productivity

Description: The camera zooms into one of the employees. Text “Morale” and “Productivity” appear, each with an indicator showing a high rating.

Advisor: And keep your employees healthy at work.

Description: The camera zooms out of the employee to show them safely carrying a large box.

Advisor: There are plans available for companies as small as two people.

Description: Cut to Greg and the advisor talking in the café.

Advisor: You can start with basic benefits such as prescription drugs, dentalcare, disability, life, critical illness and accident insurance.

Description: Illustrations animate into the frame to represent each benefit.

Advisor: Then as your business grows, you can add a retirement and savings plan.

Description: Two illustrations appear : a Muskoka chair for retirement and a piggy bank for savings.

Greg: But can I afford it?

Description: Cut to a medium shot of Greg.

Advisor: Adding workplace benefits can be less expensive than pay raises. When you raise pay, you also increase your contributions to public pension plans, employment insurance and worker’s compensation. With benefits, you don’t have to. You just make the monthly payments.

Description: Three illustrations of the benefits return. A list appears, titled “No increases in:” with “Employer contributions under Canada and Quebec pension plans,” “Employment insurance” and “Worker’s compensation” in a column.

Advisor: And our apps and online services can make administering your plan easy and secure.

Description: Cut to the advisor with her laptop turned towards Greg. The My Canada Life at Work dashboard is displayed.

Advisor: Let’s talk about creating a group benefits plan that works for you, your employees and your business.

Description: The camera zooms out to show Greg and the advisor.

Text “Let’s talk. Contact me today.” appears onscreen with the Canada Life logo and legal line: “Canada Life and design are trademarks of The Canada Life Assurance Company. canadalife.com 1-204-946-1190.”

 

Description: This animated video introduces a character named Nora and her advisor with illustrated graphics to explain the importance of continuing to contribute to your RRSP.

Text: Ask an advisor: How does inflation affect my retirement savings?

Description: Nora sits at a table across from her advisor.

Nora: My grocery bill is going through the roof. Rising costs are really squeezing my budget. I’m not sure I can afford to continue contributing to my RRSP and I’m worried about how a possible recession could impact my investments.

Advisor: I understand your concerns.

Description: Fade to a hand holding a coin, then placing it on a slope. The coin begins rolling downhill, then uphill, then downhill again.

Advisor: However, not contributing to your registered retirement savings plan, even for a short time, can really affect whether you reach your saving goals. And that can affect your retirement income and lifestyle.

Description: Coin rolls into a graph on a upward slope that shows how your investments and interest dramatically increases over 25+ years of contributing.

Advisor: That’s because what you invest now will grow over time through compound interest.

Description: The coin rolls through the graph again on a less dramatic slope.

Advisor: The less you save now, the less interest you’ll earn over time, which means less money when you retire.

Description: Nora speaks at the table.

Nora: What would you recommend then?

Description: Transition to three illustrations with a word above each one – mortgage, retirement and travel. Advisor’s finger enters frame and touches the illustrations. A risk tolerance slider appears below each graphic and moves between low and high.

Advisor: To start, I can help you create a budget and if necessary, revisit your savings goals and risk tolerance.

Description: The words “on track” appear below each graphic and risk slider.

Advisor: That way, you’ll keep your retirement savings goals on-track and find opportunities to grow your investments as the economy improves.

Description: Transition to a circle graph with the heading RRSP and $300 per month. A finger enters the frame and adjusts the graph to $150 per month.

Advisor: If you’re still feeling a spending pinch, you could consider just reducing the amount you’re saving for retirement, rather than stopping completely.

Description: Transition to advisor at table talking with Nora.

Advisor: Let’s talk about ways you can stick to your retirement savings plan while managing rising costs and an uncertain economy.

Description: Text – Let’s talk. Contact me today appears onscreen with the Canada Life logo and legal line: “Canada Life and design are trademarks of The Canada Life Assurance Company. canadalife.com 1-888-252-1847."

 

Description: This animated video introduces an illustrated character Kim and her advisor to show how to withdraw money from an RESP for a child for post-secondary education.

Ask an advisor” appears. The camera zooms out as the text lands in an outlined square. “How do I withdraw money from an RESP?” fades in below. An illustration of a graduating student draws on the right side of the frame.

Kim: My oldest child will be ready to start post-secondary school soon.

Description: Kim talks on a cell phone in her living room while her son reads a book at a nearby table. Screen splits in half to include the advisor on the right half, sitting in an office.

Advisor: That’s great news!

Kim: How do we withdraw money from his registered education savings plan?

Description: Screen moves to full view of the advisor in her office.

Advisor: We’ll contact your RESP provider with proof that he’s enrolled in a qualified post-secondary educational program.

Description: Screen changes to circle with $5,000 in it. Above the circle, text that says 1 weeks starts to spin until it reads 13 weeks.

Advisor: Once you’ve done that, if he’s attending full time, the most you can withdraw is $5,000 during the first 13 weeks he’s enrolled.

Description: Text in circle changes to read $2,500. Above the circle, text changes to read part time.

Advisor: If he’s going part time that limit is $2,500.

Description: Text in circle changes to read Any amount. Above the circle, text changes to read After 13 weeks.

Advisor: After that, you can request withdrawals of any amount with no limit unless he takes a break from studies and doesn’t re-enrol within 12 months.

Description: A dollar sign in a circle appears on screen, then transitions to become one date on an illustration of a calendar. Screen transitions to Kim in her living room again.

Kim: What can we use the money for?

Description: Screen transitions to image opf Kim’s son in a school setting, then a bookstore, then an apartment.

Advisor: Tuition, textbooks, living expenses. Stuff like that.

Description: Screen transitions to Kim in her living room again.

Kim: And what if he decides not to go to post-secondary school?

Advisor: You have options, including moving the money that you put into the RESP to your registered retirement savings plan.

Description: Screen transitions to illustration of a piggybank with letters RESP under it, then money moving to another illustration of an easy chair with the letters RRSP under it.

Screen transitions to advisor in your office again.

Advisor: Once he’s firmed up his plans, let’s talk more about withdrawing the RESP money, including how those withdrawals will be taxed.

Description: Text that says “Let’s talk. Contact me today.” appears onscreen with the Canada Life logo and legal line: “Canada Life and design are trademarks of The Canada Life Assurance Company. canadalife.com 1-888-252-1847.”

 

Description: Emily stands in her kitchen, talking on the phone with a friend.

Narrator: Critical illness insurance provides coverage when it counts.

Description: She quickly hangs up the phone, feeling a pain in her chest.

Narrator: If you’re ever diagnosed with a life-threatening illness covered by your policy.

Description: Cut to Emily in a hospital bed. A doctor stands beside the bed holding a clipboard.

Narrator: Critical illness insurance can help you focus on you and your family.

Description: Cut to her at home, lying on the couch, covered in a blanket. Her son sits on the end of the couch while her husband brings a tea.

Narrator: It’s a one-time tax-free payment you can use however you want.

Description: Her hands enter the frame. She opens a letter to reveal a cheque from Canada Life.

Narrator: And that includes covering costs your healthcare plan doesn’t.

Description: A shield is drawn around a plus sign, representing healthcare.

Narrator: It’s money to help.

Description: Cut to Emily holding her phone.

Narrator: Pay the bills.

Description: She uses online banking to make a bill payment.

Narrator: Protect your retirement savings.

Description: Cut to Emily and her husband smiling, vacationing on the beach.

Narrator: And cover expensive drugs or alternate treatments.

Description: Cut to her in the kitchen, holding a pill bottle and receipt.

Narrator: It can also give you access to expert medical help.

Description: She sits at her desk with her laptop open, video conferencing with a specialist.

Narrator: And if you never need to make a claim.

Description: A shield is drawn to represent optional coverage.

Narrator: With the optional return-of-premium* benefit, you could get back some, or all of the money you paid for your coverage.

Description: A pile of money appears and becomes larger when "all of the money…” is mentioned. Legal line appears: *The Canada Revenue Agency (CRA) and Revenue Quebec have not provided a formal ruling regarding the tax treatment of return-of-premium benefits that are included in a critical illness policy. The tax treatment of an optional return-of-premium benefit is, therefore, subject to interpretation.

Narrator: Get the coverage you need, when it counts the most.

Description: Cut to Emily and her family sitting on the couch relaxing and drinking tea.

Narrator: Visit canadalife.com to learn more.

Description: Text “Visit canadalife.com to learn more.” appears with Canada Life logo and legal lines: Canada Life and design are trademarks of The Canada Life Assurance Company. canadalife.com 1-888-252-1847.

 

Narrator: You may have heard that RRSPs are taxable in retirement.

Description: The question “ Are RRSPs taxable in retirement? ” appears.

Narrator: That’s true!

Description: A thumbs up moves into frame.

Narrator: But think about this.

Description: Thumb moves out of frame. An egg in a nest appears.

Narrator: When you contribute to an RRSP,

Description: Coins fall into nest.

Narrator: you may pay less tax at the end of the year,

Description: A hand types on a calculator. A paper is printed from the calculator.

Narrator: Which helps you save money today.

Description: The paper becomes a calendar.

Narrator: Now let’s fast forward to the future.

Description: The calendar flips.

Narrator: Once you retire and withdrawal savings from your RRSP, your income will likely be less than it is today.

Description: A lake scene is revealed. A dock with muskoka chair and small table with lemonade moves into frame.

Narrator: That means your tax rates will be lower on those withdrawals –

Description: Camera pans to the left, coins bounce into frame and land on a piece of paper with a percentage.

Narrator: so you won’t pay as much tax as you might think.

Description: An arrow appears from below the paper and moves out of frame. The camera follows and the arrow lands. More coins fall beside.

Narrator: Learn more at canadalife.com.

Description: Frame fades to reveal “Learn more at canadalife.com” with Canada Life logo and legal line: Canada Life and design are trademarks of The Canada Life Assurance Company.

 

Description: Braelynn walks into her kitchen with a bag full of groceries. She sets them down on the counter.

Narrator: What kind of investor are you? Adventurous. Cautious. In between.

Description: She opens her cupboard and places three types of hot sauce on the shelf: hot, mild then medium in between.

Narrator: These are just some ways to express your comfort with investment risk.

Description: Camera zooms in on sauces.

Narrator: All investments have risk, some more than others.

Description: Cut to Braelynn, she stands and thinks.

Narrator: One way to reduce risk is through diversification.

Description: “Diversification” appears onscreen.

Narrator: That means spreading your money around in various investments.

Description: Cut to three pie graphs with investment graphics, each display a meter underneath to indicate a “Lower” or “Higher” amount of risk. Each graph is set to a low or medium level of risk.

Narrator: That way, if the market changes for one investment, you have other investments to keep you balanced.

Description: The investment in the middle becomes smaller and the risk level increases. The other two investments adjust to a lower risk to accommodate.

Narrator: If you think diversifying your investments is complicated, it doesn’t have to be.

Description: Camera pans down to reveal a large question mark, investments fall behind.

Narrator: This is where an asset allocation fund comes in.

Description: A pie graph of an asset allocation fund appears. Investment graphics surround the graph.

Narrator: An asset allocation fund automatically spreads your money amongst several funds, so they help manage risk.

Description: A dollar sign appears in the middle of the asset allocation fund. All investment graphics flip to show dollar signs.

Narrator: You can choose from three different types of asset allocation funds.

Description: Cut to three squares with text in each: “Target date funds,” “Target risk funds” and “Risk-adjusted target date funds.” A cursor enters the frame and clicks on “Target date funds.”

Narrator: Target date funds are based on the year you expect to retire.

Description: A pie graph appears, labelled “Target date funds” with a counter below. The counter rolls to 2050.

Narrator: Target risk funds are based on your comfort with risk.

Description: Five pie graphs appear, labelled “Target risk funds.” A meter appears below to indicate a “Lower” or “Higher” amount of risk. The graphs are arranged from low to high risk: “Conservative,” “Moderate,” “Balanced,” “Advanced” and “Aggressive.”

Narrator: Risk-adjusted target date funds are based both on the year you want to retire and your comfort with risk.

Description: 2050 target date and aggressive target risk fund graphics are shown side-by-side. The label “Risk-adjusted target date funds” appears.

Narrator: Not sure how comfortable you are with risk?

Description: Cut to large question mark.

Narrator: Our investment personality questionnaire can help you figure that out.

Description: Cut to view of hands holding a tablet. The investment personality questionnaire is displayed.

Narrator: Now you can have a diversified investment portfolio that fits your needs and helps you reach your savings goals.

Description: Return to Braelynn in her kitchen, using the medium hot sauce to make dinner.

Narrator: Sign into GRS Access at canadalife.com

Description: Text “Sign into GRS Access at canadalife.com” appears with Canada Life logo and legal line: Canada Life and design are trademarks of The Canada Life Assurance Company. canadalife.com 1-800-724-3402.