In terms of planning for your financial future, Life Insurance usually serves a dual purpose — it’s protection for loved ones and a tool for long-term financial planning. In a recent survey in Canada, many families described Life Insurance as income replacement, and many seniors told researchers that they viewed lifetime coverage as a bridge … Read more
It’s a question many Canadians with such permanent life coverage ask themselves: Should I opt for a policy that accrues cash value or one focused on death benefit protection alone? The notion of guaranteed Universal Life Insurance (also known as GUL for the acronym enthusiasts, or no-lapse universal life when we’re feeling fancy) is sort … Read more
For a lot of Canadians, a Million Dollars Whole Life Insurance Policy isn’t about luxury — it’s about taking responsibility. Whether you’re a homeowner with dependents, a business owner with key assets, or simply looking to secure an estate for the future in your retirement years, that amount of coverage can help provide financial security … Read more
Life is unpredictable. Don’t let a surprise illness, or your age, or medical history prevent you from leaving something behind for loved ones. That’s where Guaranteed Issue Whole Life Insurance comes in — especially for seniors, or people with health issues. In Canada, it will ride alongside traditional term life products or fully underwritten whole … Read more
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