The Richmond News October 16, 2013 A15
Community FINANCES
Insure your most valuable asset against disability Judging by the real estate open houses and traffic in our local car dealerships, malls and WEALTH megastores, we sure do spend a lot of time shopping! Do you want to know the first thing we also buy before the sale is finished, or immediately afterward? Yup, we make sure our stuff gets insured! From the comprehensive umbrella policies that we take out on our homes to the car insurance and extended warranty packages on our consumer goods, we sure do like to protect ourselves from risk. Just when you think you’ve done an awesome job insuring the valuables, I’m about to tell you that there may be a gaping hole in your risk management plan. Let’s start by adding
Richard Vetter
up all the money you will make over the years. For example, take the case of a SMARTS 35-year-old who makes $60,000 per year and increases that income by five per cent each year as a result of promotions and inflationary increases. By retirement at age 65, he/she will have earned a total of $3,986,331. That’s a lot of money riding on the assumption that this income earner stays healthy! I would not feel comfortable with those odds, when the statistics tell us that a 35-year-old has a 50 per cent chance of being disabled for at least 90 days before age 65! Let’s be clear on this — the length of a disability, on average, is at least 90 days. Some disabilities could last as long as 30
years using this example. I asked one insurance company to provide me with examples of claims that they have been paying. That’s when I realized that the risk is very real! For instance, a salesman has received $690,000 to date from a brain injury sustained in 1988. A dentist who has been suffering from thoracic outlet syndrome since 1998 has received a total of $1,438.544. A business owner with a herniated disc has received $189,187 since 2008. Ironically, a financial advisor suffering from depression has received a total of $185,059 since 2009 (Hmmm, I wonder what could have triggered that). These are real people with real disabilities and none of them saw it coming. However, all of them made a plan to deal with it. Disability insurance is not as easy to apply for as life insurance. When the
risks are so high, it is only natural that the insurance company is going to ask a lot more questions. Underwriting a disability income policy is tricky and you really should work with an experienced and
qualified financial advisor. Your most valuable asset is looking back at yourself in the mirror every day. Please, don’t play Russian roulette with your income. Take the steps right now to insure it.
The opinions expressed are those of Richard Vetter, BA, CFP, CLU, ChFC. Vetter is a certified financial planner and owner of WealthSmart Financial Group in Richmond (www. wealthsmart.ca).
Roberts Bank Terminal 2 Project
Invitation to Participate in Pre-Design Consultation October 7 – November 12, 2013
Proposed Roberts Bank Terminal 2
DELTA
Existing Roberts Bank Terminals
An artist’s rendering of the proposed Roberts Bank Terminal 2 Project, adjacent to the existing Roberts Bank terminals.
Port Metro Vancouver is conducting Pre-Design Consultation regarding the proposed Roberts Bank Terminal 2 Project. The Roberts Bank Terminal 2 Project is a proposed new three-berth container terminal at Roberts Bank in Delta, B.C. that could provide 2.4 million TEUs (twenty-foot equivalent units) of container capacity.
You are invited to provide feedback and learn more about the project by: • Attending a small group meeting or open house (see schedule below) • Reading consultation materials and providing feedback online (consultation materials and an online feedback form will be available at www.portmetrovancouver.com/RBT2 on October 7, 2013) • Visiting Port Talk (www.porttalk.ca) and participating in a discussion forum • Calling 604.665.9337 • Providing a written submission through: Email: container.improvement@portmetrovancouver.com Fax: 1 866.284.4271 Mail: Roberts Bank Terminal 2 Project, 100 The Pointe, 999 Canada Place, Vancouver, BC V6C 3T4
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Take notice that the Regional Director Election for Region 9 will take place on Saturday, November 16, 2013. Every member in good standing on or before Friday, October 4 who resides in the Region (Delta, Richmond, Surrey) has the right to vote at any one of the following locations and times: Richmond – Voting 9:00-11:00 AM Cambie Community Centre 12800 Cambie Road, Richmond Delta – Voting 12:30-2:30 PM Town & Country Inn 6005 Highway 17A, Delta Surrey – Voting 4:30-6:30 PM Eagle Quest Golf Course 7778- 152 Street, Surrey Non-resident members of the riding associations are not entitled to vote. Please remember to bring 2 pieces of ID: one with photo and one with your address.
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SMALL GROUP MEETINGS & OPEN HOUSE SCHEDULE Date Tuesday, October 8
Event Type Small Group Meeting
Time 5:00pm-7:00pm
Wednesday, October 9
Small Group Meeting
5:00pm-7:00pm
Thursday, October 10
Small Group Meeting
1:00pm-3:00pm
Tuesday, October 15
Small Group Meeting
1:00pm-3:00pm
Tuesday, October 15
Small Group Meeting
5:00pm-7:00pm
Wednesday, October 16
Small Group Meeting
9:00am-11:00am
Wednesday, October 16
Open House
5:00pm-8:00pm
Thursday, October 17
Open House
5:00pm-8:00pm
Tuesday, October 22
Open House
5:00pm-8:00pm
Thursday, October 24
Open House
5:00pm-8:00pm
Saturday, October 26
Open House
10:00am-1:00pm
Location Coast Tsawwassen Inn 1665 56 Street, Delta Coast Hotel & Convention Centre 20393 Fraser Highway, Langley Delta Town & Country Inn 6005 Highway 17, Delta Surrey Arts Centre 13750 88 Avenue, Surrey UBC Boathouse 7277 River Road, Richmond SFU Morris J. Wosk Centre 580 West Hastings Street, Vancouver UBC Boathouse 7277 River Road, Richmond Surrey Arts Centre 13750 88 Avenue, Surrey Coast Hotel & Convention Centre 20393 Fraser Highway, Langley Delta Town & Country Inn 6005 Highway 17, Delta Coast Tsawwassen Inn 1665 56 Street, Delta
*To register for a small group meeting, please email container.improvement@portmetrovancouver.com or call 604.665.9337. Please provide your name and specify the date and time of the meeting you wish to attend. Pre-registration for open houses is not required.
How Input Will Be Used - Input received will be considered, along with technical and economic information, in developing project designs or plans, including engineering and environmental mitigation plans, for the proposed Roberts Bank Terminal 2 Project. p o r t m e t r o v a n c o u v e r. c o m / R B T 2