Family

Disability Insurance and Small Business: How a Small Business Owner Used Disability Insurance to Stay Afloat While Managing Depression

May 3, 2021blog, Business Owners, corporate, disability, Disability Insurance, Family

Sandra ran her own successful insurance agency company for over a decade before it hit her like a ton of bricks – she was chronically depressed and something had to change.

Triggered by a combination of constant stress leading to severe burnout and her 12-year-old son’s recent diagnosis with Type 1 diabetes, Sandra needed some time away from the office to recover and receive treatment. Her depression was absolutely debilitating and could have been devastating to her business and income.

Luckily, Sandra, whose name has been changed to protect her privacy, had purchased two disability insurance policies eight years prior that would help her through such a turbulent time. Sandra worked in the insurance industry and had seen just how important it was to protect yourself from a loss of income in case of a debilitating illness or disease.

Preparing Your Heirs for Wealth

October 1, 2020blog, Estate Planning, Family, financial advice, financial planning

If you think your heirs are not quite old enough or prepared enough to discuss the wealth they will inherit on your death, you’re not alone. Unfortunately, this way of thinking can leave your beneficiaries in a decision-making vacuum: an unnecessary predicament which can be avoided by facing your own mortality and creating a plan.

Avoiding the subject of your own mortality can also be an extremely costly to those you leave behind.

Juvenile Critical Illness with Return of Premium – Protection if you need it. A refund if you don’t.

September 1, 2020blog, Critical Illness Insurance, Family

Most of us have experienced or known someone whose family has been greatly impacted by a parent being diagnosed with a life-threatening disease or condition. But what about when it happens to children?

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.

The Importance of Critical Illness Insurance in Retirement Planning

August 1, 2018Family, Retirees

There are a number of obstacles that could potentially de-rail a comfortable retirement. These include marriage breakdown, a stock market crash, and being sued. Another huge obstacle would be the diagnosis of a life threatening critical illness affecting you or your spouse. While it might be difficult to insulate yourself against some of the threats to retirement security, Critical Illness insurance goes a long way to mitigate the financial disaster that could result from a change in health as we approach retirement.

SIX IMPORTANT REASONS TO HAVE A WILL

July 1, 2018blog, Estate Planning, Family, Individuals

It has been said that a Will is the last message you will leave your family. Having a Will can provide clear direction as to what your wishes are and who will get what. Die without a Will (known as dying intestate) and chaos will likely be the result. Having a Will allows you to provide for certainty instead of chaos.

Ontario Budget 2018

April 3, 2018blog, Business Owners, corporate, dental benefits, Estate Planning, Family, group benefits, Individuals, Investment, Retirees, Tax

The 2018 Ontario budget features a number of new measures and billions of dollars of enhanced spending across the spectrum, as announced by the province’s Finance Minister, Charles Sousa. Read on for some of the key proposals.

2018 Federal Budget Highlights for Families

March 4, 2018blog, disability, Family, Individuals, Investment, Tax

Several key changes relating to personal financial arrangements are covered in the Canadian government’s 2018 federal budget, which could affect the finances of you and your family.

RRSP Deadline is March 1, 2018. How much tax can you save?

January 27, 2018blog, Family, Individuals, Investment, RRSP, Tax

The deadline for contributing to your Registered Retirement Savings Plan (RRSP) for the 2017 tax filing year is March 1, 2018. You generally have 60 days within the new calendar year to make RRSP contributions that can be applied to lowering your taxes for the previous year.

Category: Family

Disability Insurance and Small Business: How a Small Business Owner Used Disability Insurance to Stay Afloat While Managing Depression

Preparing Your Heirs for Wealth

Juvenile Critical Illness with Return of Premium – Protection if you need it. A refund if you don’t.

Protecting Your Family

Basic Planning for Young Families

The Importance of Critical Illness Insurance in Retirement Planning

SIX IMPORTANT REASONS TO HAVE A WILL

Ontario Budget 2018

2018 Federal Budget Highlights for Families

RRSP Deadline is March 1, 2018. How much tax can you save?

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