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Danny Cohen

Chartered Life Underwriter

 

Life and  Investment Advisor

Danny Cohen with a 29 -year track record of providing attentive client service tailored to each client’s unique financial needs. Has always set himself apart with a tireless devotion to continuing education. He earned the Chartered Life Underwriter (CLU) designation.

Tel. 514 924 6648

Email:  [email protected]

 

 

 

 

I understand the individual needs

 

Medical professionals, legal professionals, professors, small business owners and affluent families all have unique and complex financial needs and challenges. Danny Cohen has made it a priority to serve each of these specialized client groups differently, according to their needs. I am  proud of the testimonials that confirm our understanding and service excellence in each of these niche areas:

  • Medical Professionals
  • Legal Professionals
  • Professors
  • Small Business Owners
  • Family

 

 

  ADVISING SMALL BUSINESS OWNERS

 

 

As small business owners, we are familiar with the challenges of entrepreneurship and the unique planning required paving a smooth financial road. We will ensure that you:

  • Protect yourself from the loss of a key business partner or employee or your ability work due to accident or illness;
  • Draft a buy-sell agreement to outline the terms and conditions of your departure and allow successors to easily assume control of the business;
  • Protect your family and employees through a group disability insurance plan (a valuable benefit that helps you attract and retain key employees), while supplementing your coverage with an individual policy;
  • Protect your family and employees with group health, life insurance, critical illness and long-term care coverage;
  • Creditor-proof your personal assets by incorporating your business (if it is not already incorporated), moving excess cash to a holding company, and investing in Guaranteed Investment Funds for your RRSP and other personal investment plans;
  • Reduce taxes through income splitting: awarding tax-deductible salaries to family members who provide a service, or paying dividends to share-owning family members aged 18 years and older;
  • Take advantage of your capital gains exemption;
  • Plan for a retirement in which you enjoy the same level of lifestyle or better;
  • Avoid the pitfall of relying exclusively on the sale of your business by contributing to an RRSP, Individual Pension Plan (IPP) or a Retirement Compensation Arrangement (RCA);
  • Establish a non-registered portfolio alongside your RRSP, such as universal life insurance for tax-sheltered growth;
  • Devise a carefully-considered estate plan to transfer wealth smoothly and swiftly to your heirs and favourite causes, accounting for capital gains tax;
  • Design a business succession plan and make preparations to sell your business;
  • Ensure you have a Will and Power of Attorney or POA (called a Mandate in Québec)

 

 

  My QUALIFICATIONS

 

I am a members of Chartered Life Underwriter (CLU) For more than 80 years, the CLU designation has been widely recognized as a mark of excellence and is Canada’s premier wealth transfer and estate planning designation.

 

Testimonials from families

“I have been a client of Danny Cohen and his team for several years now, and I am very satisfied with the level of knowledge and financial options they offer. It is a tremendous asset to have the same team manage all my financial needs (financial planning, mortgage, RRSP’s, insurance). Danny always takes time to explain various options to me, and address any questions or concerns I may have in a timely manner. I feel well taken care of when it comes to my finances and I place great trust in him.”

— Joel Burn Senior Manager,

 

“I have been a client of Danny Cohen since 1989. I have consistently been impressed by his professionalism, responsiveness and overall work ethic. More importantly, He strives to understand my needs and priorities before making his recommendations.”

— Mary Cohen Top of Form Bottom of Form

 

 

NET WEALTH PROTECTION

 

Net Wealth protection involves

planning in the following main areas,

namely:

1. Critical Illness Insurance

2. Disability Insurance

3. Long Term Care

 

 

For our high net worth clients, it is more cost effective to purchase insurance to cover these potential situations than it would be for them to liquidate their assets.

 

And for our clients whose financial resources are more limited, any one of the aforementioned situations could have serious repercussions for their retirement and estate plans.

 

My objective is to ensure that the financial plans that our clients’ have put into place; their dreams, life goals and legacy are not sabotaged by the unexpected.

 

We have studied the products on the market and have the expertise and knowledge to recommend the right plan and coverage.

 

“Your financial security is our business.”    

*  Critical Illness Insurance  *              *  Disability Insurance *                 *  Long Term Care *