How Long Does The Life Insurance Claims Process Usually Take?
Life insurance is an essential financial tool that pays out a sum of money or death benefit to your beneficiaries to help cover their expenses and compensate for lost future income. Over 70% of Canadians have some type of life insurance policy to help provide peace of mind and financial security for loved ones. It […]
Retirement Planning: The Role of Annuities and Life Insurance
The best years of our lives often come during retirement, as you can finally do all the things you wanted but couldn’t, as you were too busy working and saving up for the future. Those who successfully plan for retirement can live out the remainder of their lives in comfort and luxury without worrying about […]
How Life Events Affect Your Insurance Needs
As we go through the different stages of life, from infancy to adulthood, our wants and needs change and so do our financial needs and responsibilities. During our transition to adulthood, we tend to only think about ourselves and the present whereas as we age our goals and thoughts change. What becomes more valuable is […]
The Role of Beneficiary Designations in Life Insurance Policies
Having a life insurance policy is the most effective way to safeguard your loved ones financially, in case you were to pass away unexpectedly. It is one of the stepping stones of a sound financial plan. A death benefit isn’t paid out automatically and that is why the role of beneficiary designation is of such […]
What Is The Process For Making a Life Insurance Claim?
The sudden death of a loved one can be a devastating and tumultuous time for the aggrieved and thinking about filing a life insurance claim during this time can only add to those feelings of grief. However, beginning the process of making a life insurance claim shouldn’t be seen as a finality of what has […]
Are Life Insurance Proceeds Taxable?
Having a life insurance policy has almost become a necessity for Canadian families. It is now common practice for most Canadian companies to offer group life insurance as a benefits package to all their employees. As a result, nearly 80% of all Canadians have some form of life insurance, which for the most part, offers […]
What Are The Top Factors That May Affect Your Life Insurance Premium?
Life insurance coverage is widely popular in Canada because it is an essential financial tool that helps Canadians protect their loved ones financially – in the event of their untimely demise. It is estimated that nearly 70% of Canadian households are covered by either individual or group health insurance plans While most Canadian households have […]
What perks can I give my employees?
Being the owner of a start-up or small business can bring with it a multitude of challenges. No matter how sound your business plan may be, there are always unforeseen obstacles that can stand in the way of success. One such obstacle, faced by many Canadian business owners, is the issue of attracting and retaining […]
How Can Business Owners Use Life Insurance To Their advantage?
Having a life insurance policy helps cover the financial burden that inevitably befalls a family in the event of a policyholder’s untimely demise. This form of protection offers financial compensation to grieving families and assists them in paying off outstanding liabilities, funeral expenses, daily living expenses, tuition fees, and much more. In a survey conducted […]
What Are 5 Examples Of Employee Benefits?
Let’s face it, most of the time, people are looking for jobs, either, because they don’t have one, or are searching for one that offers higher pay. However, for many Canadian job seekers, higher pay isn’t always the most attractive incentive for choosing one company over another. Employee benefits can in many ways outweigh a […]
The Top 7 Factors That Create Happy Employees
Why do happy employees matter for a business? Well, studies have shown that happier employees are a lot more engaged, productive, and dedicated than unhappy employees. If you are looking around your office and are seeing sad unhappy faces this is bad for business. Employees who are depressed, stressed, worried, and/or unhappy are much more […]
What Should Be Included In A Benefits Package?
An excellent group benefits package can act as a great incentive for attracting potential talent as many employees, especially after the recent pandemic, put greater value on employer benefits that include health insurance, disability insurance, life insurance, and even retirement benefits. In fact, many employees would consider taking a pay hit if it means landing […]
What Are The Advantages & Disadvantages Of Group Plans?
After the Covid-19 pandemic, many people have realized just how beneficial health insurance can be in combating unexpected illnesses and hospitalization. This is why most employees today seek work in companies that offer excellent Group Health Insurance Plans that cover the cost of expensive healthcare treatments, prescription drugs, hospitalization, and much more for both them […]
How Much Do Benefits Cost Employers?
For business owners that are struggling with employee retention or finding ways to boost employee morale, offering a group benefits plan can be a great way to solve both these problems. There is a lot more to keeping an employee happy than just paying a salary. Added benefits and perks can make a job offer […]
Life Assurance vs. Life Insurance
In many parts of the world, life assurance and life insurance are terms that are used interchangeably, which can get confusing. Even though they are pretty similar, these two insurance types aren’t the same. While the primary purpose of both policies is to protect your loved ones’ financial futures in the case of an untimely […]
Is It Better To Buy Insurance Through A Broker?
At a certain point in life insurance becomes almost a necessity to safeguard against unforeseen circumstances. Buying any type of insurance whether it be auto insurance, life insurance, health insurance, disability insurance, home insurance, business insurance, or even group benefits requires information and knowledge of the industry to better understand what deals would work best […]
The Difference Between Life Insurance & Critical Illness
Insurance is essential. As you grow older you realize that you have dependents who rely on you financially. If something were to happen to you what would happen to them? To safeguard against such unforeseen tragedies considering life insurance and or critical illness insurance is certainly worth it. No one can predict the future. We […]
Group Registered Retirement Savings Plan (RRSP)
Over the past few years, I have started offering Group Registered Retirement Savings Plans (GRRSP) to my benefit clients. Group RRSPs are a great way to help your employees start funding their retirement. They are flexible, easy to administer and provide no setup fees to the employer.What is a Group RRSP?A group Registered Retirement Savings […]
Manulife Vitality: Life Insurance meets Rewards
Manulife Vitality is one of the most unique products in the insurance industry. Term life insurance has not changed much over the years until vitality was introduced. When you think about it, promoting healthy living, physical activity & rewards makes a lot of sense from the insurance providers perspective because they want you to live […]
Disability Tax Credit: Medical Conditions That Qualify
Do you have a health condition that is hampering your ability to work or perform daily tasks at your fullest potential? If so, did you know that being a Canadian you could very well be eligible for a disability tax credit of over $25,000? Yes, you read that right! What’s more, you don’t have to […]