Starting early is a great way to reach your long-term investment goals with the help of compound interest.
Narrator: Want to achieve your financial goals faster?
Description: A trowel scoops a seed into a pile of dirt. The frame splits in half. The left side shows saving $500/month at age 25. The right side is later, $1000/month at age 45.
Narrator: Then why not start saving money today.
Description: A watering can is lifted and waters the seed. The trowel covers the seed.
Narrator: Because, the sooner you start putting it away.
Description: A calendar enters the frame, with the same amount invested on the first day of each month.
Narrator: The sooner your money can grow.
Description: The split frame with the two seeds returns. On the left side a tree starts to grow as the age increases from 25 to 45. A legal line appears: “$500 invested on the first day of every month over 40 years. 6% annual rate of return, compounded monthly. Segregated fund and/or mutual fund fees will lower your rate of return.”
Narrator: thanks to earnings that can compound over time.
Description: A tree also starts to grow on the right side at age 45. Both sides finish growing at age 65. A legal line appears: “$1000 invested on the first day of every month over 20 years. 6% annual rate of return, compounded monthly. Segregated fund and/or mutual fund fees will lower your rate of return.”
Narrator: Before you know it, you’ll be closer to achieving your goals, than if you’d waited.
Description: The tree on the left side is bountiful, saving $1,000,724. The tree on the right is much smaller, saving $464,351.
Narrator: Save early, save often.
Description: The tree on the right moves out of frame. Text “Save early, save often” appears.
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.
Managed solutions can help you be more confident in your investments, letting you focus on your financial goals and not on shifting markets. Learn more at https://www.canadalife.com
Critical illness insurance can provide the coverage you need, when you need it most.
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.