Carmela Co Financial & Insurance Services Inc.

Carmela Co Financial & Insurance Services Inc. Languages Spoken: English, Filipino, Ilocano, Tagalog I am a Sun Life Advisor. A clear connection: bit.ly/ClearConnection.

These are my personal opinions and do not constitute professional advice nor do they reflect the official position of Sun Life. Advisors and their corporations conduct insurance business through Sun Life Financial Distributors (Canada) Inc. Mutual fund business is done with your advisor through Sun Life Financial Investment Services (Canada) Inc.

06/15/2026

How much life insurance is the right amount? Let’s set up some time to discuss the details such as how long you need it and what kind might be right for you. You can walk out feeling more confident and educated on your options.

Script: How much life insurance is the right amount? Simply put, the amount of life insurance you need depends on your unique situation. A good place to start is to figure out how much life insurance you may need… how long you need it for… and what kind might be right for you. Let’s look at an example: Jackie is 33 years old… and has two kids. She has four goals for her life insurance: Leave money to her family to pay off her mortgage. Top up her kids’ registered education savings plans. Pay off her student loans. And, replace her income for 10 years. Based on these goals, Jackie is looking at a 1-million-dollar life insurance policy. If she died, her family could choose to use the insurance payout to: Put 300-thousand dollars toward the mortgage. Add 60-thousand dollars to the kids’ RESPs. Pay off her 40-thousand-dollar student loan. And… cover the family’s ongoing costs with the remaining 600-thousand dollars. How much do life insurance payments cost per month? In Jackie’s case, a 1-million-dollar, 30-year term policy for a non-smoking, 33-year-old woman… could cost about 80-dollars per month. For a man of the same age, it’s closer to 110-dollars per month. How long do you need your coverage to last? For a younger person… or a couple with debt and a mortgage, a 30-year policy or longer may be suitable. For someone in their forties… with little debt and a small mortgage… a 20-year policy might be the right fit. What are your options? Your employer may offer life insurance through your employee benefits. But… it may not be enough. And you can lose that coverage if you change employers. You may want to consider more life insurance. In which case, you have two types to choose from: Term life insurance. And… permanent life insurance. Any amount of life insurance can help give your loved ones some financial security when you die. Your unique situation will inform the amount and type of insurance you need. For more tips and tools, visit sunlife.ca.

It all begins by planting a seed. A stress-free retirement starts with a plan. Reach out to me to get started.
06/14/2026

It all begins by planting a seed. A stress-free retirement starts with a plan. Reach out to me to get started.

05/15/2026

Some people will end up spending as many years retired as you did working. That’s a long time to cover expenses and have money to pay for your retirement dreams.

Let’s discuss your retirement plan so you can feel more confident about your future.

05/14/2026

Peace of mind isn't just a saying - it's a gift you can give your loved ones. Let's talk about leaving a legacy of love and care that extends far beyond tomorrow.

Transcript: What is permanent life insurance? Simply put, all life insurance is designed to provide your loved ones with financial security when you die. One of the most common types of life insurance is called permanent life insurance. It’s called “permanent,” because it covers you for as long as you live. How does permanent life insurance work? It provides coverage for your entire life. With most permanent plans, your premiums (monthly or annual payments) remain the same, regardless of any changes to your health as you age. And, your beneficiaries will get a tax-free death benefit after you die. The death benefit refers to the amount of money your beneficiaries get when you die. You can name your family or anyone you want as your beneficiaries. Beneficiaries are the people or person you want to financially protect. The exact amount of money they get after you die depends on: how much life insurance coverage you buy, and the type of policy you have. They can then use that money as they wish. For example, they can use it to cover the cost of: debts, mortgage or rent, child care, tuition, living essentials, and more. Most permanent insurance policies also include a feature called cash value. Cash value is a savings component that can grow over time. You can borrow against it or use it as collateral for a loan. You may also withdraw your cash value, but this may reduce your policy’s death benefit. There can also be tax consequences to accessing your policy cash value. What’s the advantage of permanent life insurance? As you age, or if your health deteriorates, purchasing a new insurance plan becomes much more costly. But with most permanent insurance, the premium stays the same for the life of your policy. Plus, when you buy a permanent life insurance policy, the benefit is guaranteed for the rest of your life. Permanent life insurance can provide you with the security of knowing your loved ones will have lasting, stable protection. It can offer peace of mind early, leaving you free to enjoy your life now. For more tips and tools, visit sunlife.ca.

In the face of economic challenges, it’s important to do what you can to protect your business, your employees and your ...
04/15/2026

In the face of economic challenges, it’s important to do what you can to protect your business, your employees and your income.

Get in touch today to discuss how you can protect your business.

04/14/2026

Empower yourself with easy-to-understand resources and learn more about the financial industry.

The opinions expressed in this article are of the fund company that owns this content and do not constitute professional advice or recommendation, nor do they reflect the official position of Sun Life. Please seek advice from a qualified professional, including a thorough examination of your specific legal, accounting and tax situation.

As a business owner, you may be used to taking risks in business. But you don't need to take those same risks with your ...
04/13/2026

As a business owner, you may be used to taking risks in business. But you don't need to take those same risks with your finances. Reach out and let’s create a strategy that focuses on business growth, risk mitigation and reaching your overall financial goals.

04/12/2026

Let’s work together so you can feel confident in your savings when it comes time to retire.

Transcript: Did you know? Canadian women retire 30% less wealthy than men*. *Mercer

As a business owner, you pour your heart and soul into your company. But when was the last time you tidied up your finan...
04/03/2026

As a business owner, you pour your heart and soul into your company. But when was the last time you tidied up your financial strategy?

Just like decluttering your office can boost productivity, a financial spring cleaning can renew your sense of control and peace of mind.

Ready for a fresh financial start? Let's chat!

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