Terry Murphy
17 Main Street E3A 1B7 Fredericton, NB, Canada

It's comforting to know the business you rely on CAN be relied on. We’ve built our business on managing risks like economic changes As the world responds to the COVID-19 health and financial crisis, we know there are many questions about where Sun Life stands financially. We’ve built the foundation of our business on managing risks that may happen due to economic changes. We also have 155 years worth of experience to back it up.... Sun Life is resilient The best measurement of Sun Life’s financial strength is through our: Capital position Risk framework Financial strength ratings Strong earnings performance and payment of dividends out of these earnings You can feel comforted during this difficult time knowing: We’re in a very strong capital position. We have a healthy level of capital to meet our financial commitments to Clients. The Life Insurance Capital Adequacy Test (LICAT) ratio measures a company’s ability to meet its obligations. It’s one of several indicators used by Office of the Superintendent of Financial Institutions (OSFI) to assess an insurer’s financial condition. The minimum required is 90%. Sun Life’s LICAT ratio is 143% well above the minimum.(LICAT ratio is for SLF Inc. as at December 31, 2019.) We have a diversified business. With multiple product lines and services and operations around the world, we’re a diverse organization. This helps us prevent over-exposure in any one market or region. This diversity is also important to ongoing success, especially during challenging economic times. We’re leading in financial ratings. We’re proud to say that Sun Life’s ratings as a public life insurance company are among the best in North America. Our best in class ratings show Sun Life’s risk practices and strong financial flexibility.

I wanted to share a calculator that Preet Banerjee (CBC financial guru) put together on his website to help Canadians calculate the benefits they may be entitled to through GST/CERB/CCB. A lot of people have concerns about cash flow right now so hopefully this provides some guidance around what they may be entitled to from a benefit standpoint. Remember this is just an estimator and not an official calculator. It does not determine eligibility for the programs. I hope you are all keeping well. https://www.preetbanerjee.com/covid19-calculator

I had a client phone today to ask how things were looking. I explained the Markets are down around 20 percent. She told me she is going to see how much money she can get out of her savings account to invest in some of the many quality mutual funds we offer. Now THAT is someone who understands the "Buy Low" mantra of strategic investing! Maybe WE should talk?

Very interesting to see experienced investors contacting me and wanting to "buy low" during this time. Depending on the type of mutual funds you invest into, some are still in the positive gain year to date. Other mutual funds are very well priced. Maybe not at their lowest point yet, but definitely cheaper than they were a month ago. And there are some great mutual funds for consistent monthly income without using up your principal. Maybe we should talk?

It's interesting to watch the volatility on the stock markets, then look at how that is actually impacting client portfolios. Although the U.S. market is down about -10% on the year, I have a client that is up +3.6% on their portfolio. So, in their opinion, they're doing quite well, thank you. It's a matter of how you are invested for your comfort level and for those unexpected events. That's what I do!!