Canadian LIC 
For 2023, LIMRA stated that more than 32% of Canadians would “possibly” buy a permanent Life Insurance policy, eg, an Indexed Universal Life (IUL) policy. But most had no idea how the cost was calculated. The reality? The price you’re paying for an Indexed Universal Life Insurance Policy is based on a lot more than … Read more
Many of us believe that estate planning is only for the ultra-wealthy. But recent stats tell a different story: just 15 per cent of Canadians have an estate plan in place, even though fully 80‑82% say it’s important their family gets the money or other assets within 90 days to six months following their death. … Read more
When it comes to business, safeguarding key assets isn’t just good sense—it’s a necessity. What so many Canadian business owners fail to realize, however, is that it’s not their equipment or facility or even brand that’s their most valuable asset. It’s people. When the unanticipated occurs, a company’s own Life Insurance can act as somewhat … Read more
Imagine a young family in Calgary. Two children, a mortgage, and the absolute bare minimum in savings. They know they need Life Insurance but aren’t sure how much, for how long, or at what price. Permanent coverage feels expensive. Twenty or 30-year Term Life Insurance sounds like such a huge commitment. That’s where yearly renewable … Read more
The very word “nonguaranteed” when used in the field of Life Insurance gives most Canadians pause. Insurance should feel like certainty — pay the premiums, get the coverage and have the peace of mind that your family is safeguarded. But not every boon is carved in granite. Some features vary with performance, costs, and decisions … Read more
Disability is something that can happen suddenly, and when it does, income frequently stops while expenses don’t. But for professionals and employees in Canada, the question then is: which of these two offers the most adequate protection and cover — Group Disability Insurance Canada or individual Disability Insurance Canada? Both make a great backrest, but … Read more
Purchasing a home is one of the largest financial endeavours for Canadians. But in addition to mortgages, interest rates, and down payments, there’s another factor that should be in every buyer’s equation – Mortgage Insurance Coverage. For many homebuyers, this requirement determines how much they pay each month and how soon they can enter the … Read more
Buying Life Insurance is no longer a one-size-fits-all purchase. For many families, a basic policy seems sufficient. Others would only be protected with a Million Dollar Insurance Policy or more.” The question many Canadians will wonder is: Is $1 million enough — or is $3 million more like it? The answer will depend on your … Read more
Why People Consider Multi-Million Dollar Life Insurance A Million Dollar Life Insurance Policy sounded extreme. Not anymore. Increasing living expenses, larger mortgage amounts, children’s education, and mounting financial obligations often make lower coverage limits seem insufficient. A Multi Million Dollar Life Insurance Policy can be the only way to replace income and provide stability for … Read more
This economy? Yeah—it’s weird. Everything feels unstable right now. Prices up, layoffs everywhere, and somehow… the mortgage doesn’t care. Still due. Still full amount. No, none of that discount-for-being-broken-or-sick-or-whatnot. That’s sort of why people — more and more these days, actually — wind up looking into some Mortgage Protection Insurance Plans in Canada even though … Read more