Budget planning for insurance and investments

Planning tools is being decommitted. It is planned for Q2 of 2026. Any feedback you want to give send to info@planningtools.ca.

Budget planning can be tricky, particularly when it comes to thinking about the future. And it’s easy to think there’s no room to include insurance or investments in your plans.

However, if you spend even a little on insurance or investments today, it could make a big difference years down the road. Let’s see how insurance and investments could potentially fit into your budget.

Step 1 of 2: Your Info

Tell us about yourself

*indicates a mandatory field

Province*

Enter your age between 20 and 60*

Gender:*

Rates are based on the highest gender rate class

Are you a smoker?*

Yes

Monthly income after tax*

Mortgage/Rent

Utilities

Debt(Credit card, loan etc)

Food

Entertainment

Transportation

Other

Monthly expenses* more info

Calculate monthly expenses

Remaining monthly amount*

Step 2 of 2: See what your money may be able to get you

You can adjust the amount of money allocated into investments, life insurance and critical illness insurance.

Investment percent*

Investment amount*

Life insurance percent*

Life insurance amount*

Critical illness percent*

Critical illness amount*

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Here are your results

Investments

Investment amount at age :

Change investment assumptions

Optional – If you’d like, you can adjust the calculations by adding a starting balance, changing the investment growth rate and age.

Starting balance

Growth rate

Result calculated for age

Life insurance

Life insurance coverage today at age:

You may qualify for several insurance options. Here are coverage amounts for some of our popular products.

This tool is not an offer to provide life insurance. You must first apply and answer questions about yourself to potentially qualify for life insurance. If so, coverage amounts vary and are based on initial monthly insurance costs (premiums) that match your assumed life insurance allocation.

Critical illness insurance

Critical illness insurance provides a lump-sum payment if you’re diagnosed with a covered-life-threatening condition. Talk to your advisor for more details.

Term critical illness insurance is temporary coverage for a set period of years and your payments stay the same for that period. When that period ends your coverage automatically renews(unless you tell us otherwise). You can also convert to longer-term critical illness insurance, without having to answer further health questions. Talk to your advisor for more details.