The Importance of Beneficiaries | Have You Planned Ahead?

The Importance of Beneficiaries | Have You Planned Ahead?

On today's episode, Darren and Christina break down everything that has to do with beneficiaries and how/why you need to name one in your policy! They also chat about different types of beneficiaries and how they work depending on the type of policy you have. Tune in now!

Show notes:

00:00 - Introduction

00:45 - What is a beneficiary and why should I name one?

2:40 - What happens when the beneficiary is the estate?

5:30 - What is a contingent beneficiary?

6:35 - Revocable vs. irrevocable beneficiary

8:05 - Can you name a minor as a beneficiary?

9:10 - Corporate policies and beneficiaries

10:40 - Beneficiary on critical illness policy (why you should use them)

11:45 - How does a beneficiary come into play when it comes to creditor protection?

13:20 - Beneficiaries on other types of products

14:40 - How to check in and potentially update my beneficiary

TAKE CONTROL OF YOUR MONEY NOW: https://www.controlandcompound.com/contact-us

FIND US ON:

INSTAGRAM: https://www.instagram.com/controlandcompound/

TIKTOK: https://www.tiktok.com/@controlandcompound?lang=en

FACEBOOK: https://www.facebook.com/controlandcompound

JOIN OUR FACEBOOK COMMUNITY: https://www.facebook.com/groups/controlandcompound

Episoder(253)

Volatility, Pressure & Big Decisions Ahead for Canadians | March Update

Volatility, Pressure & Big Decisions Ahead for Canadians | March Update

BOOK A CALL WITH US NOW: https://www.controlandcompound.com/contact-us   On the surface, things look stable. Inflation is near target. Rates are holding. The dollar isn't moving much. Markets aren't m...

2 Mar 28min

The Hidden Reason Entrepreneurs Burn Out | Buy Back Your Time with Dan Martell

The Hidden Reason Entrepreneurs Burn Out | Buy Back Your Time with Dan Martell

Most entrepreneurs believe working harder is the answer. More hours. More hustle. More grind. But what if the real breakthrough isn't doing more — it's doing less of the wrong things? On today's episo...

23 Feb 28min

What Every Canadian Needs to Know About Passing Down Wealth

What Every Canadian Needs to Know About Passing Down Wealth

Canada doesn't have a formal death tax — but that doesn't mean death is simple or inexpensive. When someone passes away, taxes can be triggered immediately through deemed disposition, and on top of th...

16 Feb 27min

Business Owners: This RRSP Mistake Could Costs You Millions

Business Owners: This RRSP Mistake Could Costs You Millions

BOOK A CALL WITH US NOW: https://www.controlandcompound.com/contact-us   Should incorporated Canadian business owners contribute to an RRSP — or is it quietly working against them?   On today's episod...

9 Feb 33min

20 Years in Business: The Truth About Entrepreneurship No One Tells You | Darren Mitchell Spotlight

20 Years in Business: The Truth About Entrepreneurship No One Tells You | Darren Mitchell Spotlight

BOOK A CALL WITH US NOW: https://www.controlandcompound.com/contact-us We're flipping the script for this month's entrepreneurial spotlight series and Darren is taking his turn in the hot seat! Entrep...

5 Feb 27min

Markets Up, Economy Down? The Truth Canadians Keep Missing | February Update

Markets Up, Economy Down? The Truth Canadians Keep Missing | February Update

BOOK A CALL WITH US NOW: https://www.controlandcompound.com/contact-us Canada's economy feels uncertain heading into 2026 — but are the headlines telling the full story? On today's episode it's the ...

2 Feb 28min

How to Choose the RIGHT Advisor for Infinite Banking (8 Questions You Must Ask)

How to Choose the RIGHT Advisor for Infinite Banking (8 Questions You Must Ask)

BOOK A CALL WITH US NOW: https://www.controlandcompound.com/contact-us Choosing the right advisor is the most overlooked — and most important — part of implementing an Infinite Banking or high cash ...

26 Jan 21min

The Biggest Retirement Lies in Canada (And How to Avoid Them)

The Biggest Retirement Lies in Canada (And How to Avoid Them)

BOOK A CALL WITH US NOW: https://www.controlandcompound.com/contact-us Most Canadians think retirement is about hitting a number but on today's episode, Darren and Christina break down why that mind...

19 Jan 36min

Populært innen Business og økonomi

stopp-verden
dine-penger-pengeradet
lydartikler-fra-aftenposten
rss-penger-polser-og-politikk
e24-podden
rss-borsmorgen-okonominyhetene
pengepodden-2
livet-pa-veien-med-jan-erik-larssen
pengesnakk
tid-er-penger-en-podcast-med-peter-warren
utbytte
finansredaksjonen
morgenkaffen-med-finansavisen
lederpodden
rss-markedspuls-2
rss-pa-konto
boligbobla
rss-fa-makro
rss-investering-gjort-enkelt
rss-andelige-tanker-med-camillo