The Basics of Insurance

Guest: Kim MacDonald

Episode Details

Life insurance. Critical Illness insurance. Disability insurance.

Which ones do you need?

What’s the difference between them? 

Who should you turn to for advice? 

Learn about the different types of insurance and more when we interview A2J special guest Kim MacDonald. 

Guest Bio

Kim MacDonald is a Financial Advisor and Insurance Advisor dedicated to providing clients with comprehensive wealth management to help them make the most of their lives.

She started in the financial services in 2005 at the age of 25 with a reputable bank owned investment firm in Edmonton and she worked under the tutelage of one of the most experienced Financial Advisors in Canada.

Kim partners with a select group of individuals, families, not-for-profits, and business owners to invest their earnings, work through robust planning and insure for life's surprises.

Everyone comes to Kim with a different story and set of experiences in life but they all have one thing in common: they are all extremely busy people who benefit from a professional keeping them on track, providing the most accurate and unbiased advice and coordinating their financial affairs.

Everyone works through topics that are relevant to them.

The areas explored include:

  • Tax planning
  • Financial planning
  • Retirement planning
  • Estate planning and preservation solutions
  • Education planning
  • Divorce planning
  • Debt planning
  • Protecting against death
  • Protecting against illness
  • Protecting against disability
  • Covering business overhead costs when disabled
  • Protecting your company from key person risk
  • Travel insurance
  • Group retirement
  • Group benefit plans
  • Investment portfolio review and construction.

She provides a comfortable environment for clients to open up to us about life's challenges and we are focused on delivering clear and logical steps to address all areas that are important to our clients. Kim is acutely aware that clients want logical solutions with measurable results that position them towards their goals.

When Kim meets with new clients, she has a three meeting process followed up with a predictable communication plan year in and year out.

Kim has spent a good deal of time writing industry exams.

Licensing: Securities | Insurance | Options

The Chartered Investment Manager (CIM®) designation is a leading industry standard for discretionary investment and portfolio management services. It ensures that our advice on investing stands out against our peers.

The Certified Financial Planner® (CFP®) certification is the world’s most recognized financial planning designation and is considered the ‘gold standard’ for the profession. CFP professionals have demonstrated the knowledge, skills, experience, and ethics to examine their clients’ entire financial picture, at the highest level of complexity required of the profession.

The Fellow of the Canadian Securities Institute (FCSI®) is the highest honour and most senior credential in Canadian financial services. It is reserved solely for an elite group of experienced financial services professionals that meet the highest standards for advanced education, ethical conduct, industry experience and peer endorsement.

The Personal Financial Planner (PFP®) designation is a leading credential for comprehensive financial planning in Canada, recognized by Canada's largest financial institutions. It ensures that financial professionals have the knowledge and skills to address all aspects of a client's financial situation.

The Chartered Financial Divorce Specialist (CFDS) provides an objective assessment of different divorce scenarios around child and spousal support, cash flow and budgeting, insurance and taxation. There is no legal opinion or advice offered, it is strictly a divorce financial planning relationship. A CFDS follows a strict code of ethics as monitored by the Academy of Financial Divorce Specialists and other relevant licensing authorities.

The Certified Divorce Financial Analyst (CDFA®) helps both client and lawyer understand how the financial decisions made today will impact the client’s financial future, based on certain assumptions. The focus is on identifying the short-term and long-term effects of dividing property, integrating tax issues, analyzing pension and retirement plan issues, determining if the client can afford the matrimonial home – and if not, what might be an affordable alternative, evaluating the client’s insurance needs, establishing assumptions for projecting inflation and rates of return, bringing an innovative and creative approach to settling cases.

Kim is a Registered Collaborative Professional with the International Academy of Collaborative Professionals and the Association of Collaborative Family Professionals (Edmonton) and has exceeded the requirements for advanced practitioner level in the Association for Conflict Resolution. As a collaborative professional, Kim can be invited into Collaborative Practice to work with family lawyers as a financial neutral or she can act outside of the process in the capacity of divorce financial planner.


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