Why is it Crucial to Regularly Review and Update Life Insurance Policies?
A life insurance policy is an essential financial tool that helps provide peace of mind to policyholders by ensuring the financial security of their loved ones in the event of their untimely death. But, just having life insurance isn’t enough. Life circumstances can change over time. Getting married, having children, buying a home, retiring, getting […]
What tax planning strategies can be employed with life insurance payouts?
Life insurance is a powerful financial tool that offers more than just financial security to loved ones. If used correctly, life insurance can help reduce your tax liability both during your lifetime and after your death. Not only are life insurance proceeds or death benefits not taxable in Canada, but certain policies, such as permanent […]
What life insurance coverage is most appropriate at various life milestones?
After the Covid-19 pandemic, the popularity of life insurance has only grown in Canada, and for good reasons. Today, more than half of the Canadian population has some form of life insurance according to a report by PolicyMe. There is no denying that life insurance is the most effective financial tool for Canadian families looking […]
What additional coverage should be considered with disability insurance?
Your ability to earn income is your most valuable asset. However, the likelihood of you having a disability that prevents you from working is much higher than you think with up to 40% of Canadians experiencing disability for 90 days or longer before the age of 65. The right disability insurance policy can be a […]