Services Provided

Life Insurance and Strategic Financial Planning in Metro Vancouver

Our comprehensive, professional services can be divided into four key service categories.

No matter which service or services you require, you can rest assured that they are custom-made for you and your particular financial and wealth-related requirements. Our clients are given our personal attention to ensure we provide the most appropriate advice and help you achieve your objectives most effectively.

The four key service categories we offer are:

  • Select Specialties
  • Personal & Corporate Holistic Planning
  • Estate and Tax Planning
  • Insurance Strategies

Select Specialties

Royal Rock Wealth also handles a variety of other financial related services:

Involves using a life insurance policy with high cash surrender value as collateral for a line of credit at a bank, or investors can capitalize on an insurance contract by paying premiums that exceed the insurance cost. Upon the death of the insured party, the funds can be passed onto the beneficiaries on a tax-free basis, substantially decreasing estate taxes throughout the process.

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Corp IRP stands for Corporate Insured Retirement Program. The corporation purchases life insurance on the shareholder who needs such protection. The value accumulation from a corporate-owned life insurance policy will provide cash flow at a point in the future and can be used as collateral for a bank loan. The corporation or the shareholder obtains a bank loan, and funds flow to the shareholder as a taxable bonus or dividend. Repayment of the bank loan occurs upon the death of the insured. The death benefit is also paid out to the estate tax free. Read More

Personal & Corporate Holistic Planning

Holistic planning takes into consideration every financial and personal need from managing your money to accumulating wealth to leaving a legacy. Advisors that take this approach, understand your background, wealth accumulation goals and personal values.

Financial planning is all about helping individuals stay on-track with their long term financial goals and protect their legacy. Royal Rock Wealth will make a comprehensive assessment of an individual’s current income and expenditure and estimations of their future financial state using current known variables to predict future income, asset values and expenditure plans. Our services include:
  • Retirement planning
  • Lifestyle and budgeting
  • Education fund planning
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Estate and Tax Planning

At Royal Rock Wealth, our estate and tax planning services help you transfer property and assets to your beneficiaries while incurring as little taxation as possible. Estate and tax planning typically involves sensitivities around family relations as well as succession issues around an active business. Furthermore, families with assets spanning multiple countries will have additional cross border tax and legal considerations.

Succession planning is a common concern for many founders who own a sizable stake in their company and continue to be closely involved in the day-to-day operation of the business. Succession planning involves a plan to pass on ownership stake and leadership role of a company to the next generation or another party.

Primary concerns of succession planning typically revolve around tax liability and the ability to continue operations with minimal disruption upon the departure of the current owner. Insurance can provide additional safeguards for all parties when planning for the untimely death of one of the co-founders of the business.

Wealth transfers occur when valuable assets such as cash, real estate, securities or ownership of a family business get transferred from one generation of a family to the next. Such transfer may happen during the life of the concerned people or on the death of a parent or other family member. Read More
Having the right strategy to mitigate the effects of during-life or on-death taxes is vital to preserving wealth. Depending on the strategy employed, it may be necessary to contribute to tax-efficient accounts, diversify account types, choose tax-efficient investments, match investments with the right account type or hold investments longer to avoid unnecessary capital gains. Life insurance is often used as a tool to facilitate a tax efficient transfer of assets between generations. Our services include:
  • Tax planning
  • Intergenerational wealth transfers
  • Acquisition and disposition planning
  • Structured transfers
  • Asset protection

Insurance

Royal Rock Wealth will help you determine which insurances are necessary to protect you and your family against life’s unexpected events and allow you to live with peace of mind and the knowledge that you are well covered if anything untoward occurs.

There are a wide variety of insurance policies offering coverage, and these include:

is insurance which pays an amount of money (benefit) on the death of the insured. It is guaranteed to remain in force for the insured’s entire lifetime, provided required premiums have been paid.
is a permanent life insurance lasting the lifetime of the insured, which has an investment savings element and low premiums.
is an insurance product in which the insurer contracts to make a lump sum or periodic cash payments if the insured becomes ill with a critical or severe illness which may involve extended hospitalization and extensive treatment. Read More
is a supplemental plan which pays for prescription drugs, health care services and equipment over and above the scope of healthcare provided by the government. This may be applicable to companies purchasing group health plans for its employees or individuals looking to bulk up their coverage.
Royal Rock Wealth is a well-trusted, dynamic, vastly experienced financial services company well versed in investments, insurance, estate planning and tax strategies. Royal Rock Wealth is highly service-focused and can meet the needs of clients who need that extra attention and service.

Honest advice, expertise and out-of-the-box thinking forms the core of Royal Rock Wealth and our ability to deliver best-in-class financial advice for our clients.

My team and I are happy to discuss and learn more about how we can help you build and preserve wealth.

Tony Yang,
Founder of Royal Rock Wealth
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Your path to a more secure financial future is only a phone call away. To get started, fill in the contact form or call at 778-288-1587. we can get to know each other through an in-person or virtual consultation.