Why do I need a Certified Financial Planner?  

Studies have shown that Canadian's who use a certified financial planner (CFP) realize a higher return on their investments over time, and are generally more financially secure than those who opt to go it alone. 

How does gawthrop financial get paid? 

There are typically 3 ways an advisor get's paid. One is fee for service, (hourly amount) second is through commissions earned on products, third is asset management fees. We can work under any of these models, depending on what our client's decide. 

I'm Buying A house, do i have to take the banks mortgage insurance? 

No. While mortgage insurance through the bank is better than nothing, buying a policy privately could cost less depending on your age and health. When you own your own policy, you are not tied to one mortgage lender.

i want/need life insurance, do i have to get medical tests done?

There are companies that do not require medical testing to get life insurance. However, there are limits to the amount of coverage you can buy. If you are healthy and willing to go through medical underwriting, your insurance would cost significantly less than a non-medical policy. 

do we need to meet in person to write a life insurance application?

No, there are now companies that allow us to do applications over the phone/skype and via email.

Term or Permanent insurance, which is better?

That depends on your needs. We would be happy to set up a phone conversation with us to determine which type of plan is best for you. The best type of insurance is the type that is in place when you die. 

How Much Life insurance do i need?

This depends on many variables. For example, how big is your mortgage? Do you have dependant children? Are you a one or two income house hold? These are just some of the questions that help us determine your life insurance needs. 


If you have a DIFFERENT question, or want to discuss a similar one, book an appointment to speak with us (phone or in person) below.