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The four cornerstones of financial security planning

A sound financial security plan should protect you against uncontrollable events such as disabilities or death while helping you plan for controllable events such as buying a new home and retiring comfortably. To do this, Freedom 55 Financial's planning process is based on four cornerstones of financial security planning:​

Cash Flow

Cash flow (or liquidity) is your ability to access cash or assets that are easily convertible to cash. Cash flow can be a short term savings option that can regenerate over time and need your constant hard work.

Income Protection

Mitigating your risk against uncontrollable events such as a disability or critical illness is key to your financial security. When building your financial security plan, we’ll consider:

  • Will your income be reduced in the event of disability or critical illness?

  • If your income is reduced, will it be difficult for you to maintain your lifestyle and retirement savings?

  • How much disability or critical illness insurance coverage is enough?

  • What impact will inflation have on your income if you’re unable to work for a long time?

  • Do you know if your group benefits provide a provision to allow you to continue your retirement savings if you become disabled or suffer a critical condition or illness?


When we discuss retirement planning, we consider:

  • What kind of lifestyle do you see for yourself in retirement?

  • How much money will you need to retire comfortably?

  • What impact will inflation have on your income?

  • Would you like to have the freedom to slow down or retire early?

Time and planning are two factors that influence whether or not you accomplish your retirement goals. Therefore, you must work towards your retirement goals over time.

Estate Planning

All financial security plans start here because death is inevitable and an uncontrollable event. As part of the financial security planning process, we’ll discuss:

  • How much income will your family need if you die?

  • How will inflation affect this income?

  • How to preserve your estate for your family when you die


Let's get acquainted. Contact us

We offer a complimentary "Get Acquainted" meeting to describe our

services, and to see if our services are right for you.

The information on this website is intended for residents of Prince Edward Island and Ontario only.

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Quadrus, Quadrus and design, Quadrus Investment Services Ltd. and design and Canada Life Mutual Funds are trademarks of Quadrus Investment Services Ltd. used with permission.


Insurance Products, including segregated fund policies, are offered through Cole Wealth Management Inc., and Investment Representative Lawrence Cole offers mutual funds and compensated referrals through Quadrus Investment Services Ltd.

* The use of e-mail is not a secure medium and personal information should be transmitted by more secure means.

Mortgages are offered through The Canada Life Assurance Company. The Canada Life Assurance Company is a federally regulated life insurance company and the mortgagee. *Inquiries will be referred to a Credit Planning Consultant.

Representing Freedom 55 Financial is a division of The Canada Life Assurance Company.

Canada Life, and Freedom 55 Financial and design are trademarks of The Canada Life Assurance Company.

Shops of St. Avards

11 St. Peters Road

Charlottetown, PE C1A 5N1 

Tel: 902-892-3062 Ext 224

Fax: 902-628-2228

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© 2020 by Cole Wealth Management Inc.