LIFE INSURANCE vs ACCIDENTAL DEATH & DISMEMBERMENT INSURANCE
Whole life insurance and accidental death & dismemberment insurance (or AD&D as it is also known) do have certain similarities, one cannot replace the other. Life insurance provides your family with financial security in the event of your death barring some specific cases. AD&D insurance, on the other hand, falls under the types of insurance […]
Life Insurance Policies for Couples
Life can be very uncertain and unfair. Many of us have found ourselves saying goodbye to a loved one unexpectedly and abruptly. Apart from the emotional pain of dealing with the burden of death, one could also find themselves in a world of financial shortfalls with the loss of income. Funeral expenses alone could amount […]
Benefits for Small Business in Nova Scotia
Benefits for Small Business through Medavie Blue Cross is a brand-new group benefit offering for employers with 2-10 employees in 2021. The plan offers a full range of benefits from Life Insurance, Accidental death & dismemberment, Dependent Life, Long Term Disability, Extended Health Care, prescription drugs, and dental care. You are pooled with other small […]
Is Life Insurance Taxable?
Table of Contents Understanding Your Life Insurance PolicyIs Life Insurance Taxable in Canada? Importance Of Life InsuranceWhen Can A Life Insurance Taxable Event OccurTax Reporting Rules for Life Insurance Payouts How to make your life insurance more efficient for beneficiariesCan I claim life insurance on my income tax?Will my spouse/children pay my taxes after I die?When do […]