Life Insurance

How Will COVID-19 Impact the Insurance Industry?

August 4, 2020blog, Coronavirus, Coronavirus - Associates, Coronavirus - Practice Owners, Insurance, Life Insurance

During this stressful and challenging time, many are wondering what effect COVID-19 could have on their life insurance. Some may be worried that the insurance companies would make changes to their existing policy due to coronavirus concerns, resulting in an increase in their premiums or a restriction to their coverage. It should be reassuring to all that insurance companies are generally not able to change the contractual provisions of the insurance policies that are in force.

Term Life Insurance – Two Valuable Options

July 2, 2020blog, Individuals, Insurance, Life Insurance

For many Canadians, especially those with young families, term life insurance is most often the product of choice for protecting one’s family. The major reason for this is that it is the lowest entry-level cost to purchase life insurance.

The Need for Corporate Life Insurance

June 1, 2020blog, Business Owners, buy sell, corporate, Estate Planning, Life Insurance

Life insurance is used for two general purposes in a private corporation – managing risk and creating opportunities. The risk management function is satisfied as life insurance provides the corporation with a tax-free payment in the event of the death of an owner or someone vital to the success of the business. As life insurance also allows for the tax-sheltered build up of cash value additional planning opportunities are additionally created.

The Estate Bond

May 1, 2020blog, Estate Planning, Investment, Life Insurance

Growing your estate without undue market risk and taxes

Often we see older investors shift gears near retirement and beyond. Many become risk-averse and move their assets into fixed income type investments. Unfortunately, this often results in the assets being exposed to higher rates of income tax and lower rates of return – never a good combination.

Or maybe the older investor cannot fully enjoy their retirement years for fear of spending their children’s inheritance.

The Estate Bond financial planning strategy presents a solution to both of these problems.

What is Key Person Insurance?

March 1, 2020blog, health benefits, Life Insurance

Most business owners understand that assets vital to the success of the enterprise should be insured. Premises are routinely covered for fire and/or theft; vehicles used to make deliveries, insured; machinery needed for manufacturing, also insured. Given that these tangible assets are instrumental in the success of the business, it makes good business sense that the business is protected in the event of a loss. But what about key employees? Many business owners overlook the impact on their business should a key employee die unexpectedly.

Protecting Your Family

January 1, 2020blog, Estate Planning, Family, health benefits, Life Insurance

Let’s face it, raising a family today can be financially challenging. The cost of living continues to increase, housing costs are rising along with education and extra-curricular activities for our children. It is tough to make ends meet and still have something left over at the end of each month.

Basic Planning for Young Families

October 30, 2019blog, disability, Family, Individuals, Life Insurance, RRSP, Tax Free Savings Account

As a young family, you will be facing a lot of new challenges that you may or may not be prepared for along the way. Whether it’s children, a mortgage, or unexpected expenses that come up, now is the perfect time to start thinking about all the potential pitfalls that may arise.

Insurance for Businesses: What You Need to Know

September 29, 2019blog, Business Owners, group benefits, Life Insurance

As an entrepreneur, protecting your business is important. You’ve invested your time, energy, and money into creating your new enterprise, which is why it’s so imperative that you take all the necessary steps to protect it.

Do Retirees and Empty-Nesters need Life Insurance?

August 30, 2019blog, Estate Planning, Life Insurance

Now that the kids are out of the house, you should be shifting your focus on retirement. Since your money isn’t going towards feeding, clothing, and supporting your children (hopefully), you should be figuring out the best way to maintain your quality of life once you retire.

The Case for Life Insurance

July 30, 2019blog, Debt, Estate Planning, Life Insurance, mortgage

When it comes to most forms of insurance, many people understand the importance of having coverage. Whether it’s your car, your home, or other valuable possessions, having insurance means that you’re financially protected should disaster strike. One of the first things you do when you buy a new car is to make sure it is protected before you drive it off the lot. Why? Because if you are involved in an accident chances are good you would suffer financially.

Category: Life Insurance

How Will COVID-19 Impact the Insurance Industry?

Term Life Insurance – Two Valuable Options

The Need for Corporate Life Insurance

The Estate Bond

What is Key Person Insurance?

Protecting Your Family

Basic Planning for Young Families

Insurance for Businesses: What You Need to Know

Do Retirees and Empty-Nesters need Life Insurance?

The Case for Life Insurance

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