What Does An Insurance Broker Do?
An insurance broker is a qualified professional whose job is to guide individuals and organizations to find the best insurance policies based on their specific needs. An insurance broker offers expert advice and recurring service to ensure that you and your assets are safeguarded against unforeseen circumstances. But this is not all an insurance broker […]
How Do Group Benefits Impact The Payroll Department?
Healthy and energetic employees are productive employees. Group insurance assists employers to maintain a staff of healthy personnel in all of their departments. The presence of a healthy workforce delivers a boost in employee morale. It also becomes easier for all of the employees to successfully perform their basic duties. A business can perform better […]
Life Insurance For Cancer Patients
From the point of view of an insurance company, life insurance premiums are evaluated based on the risk an applicant poses based on different demographic factors. Insurance companies specifically question the risk of potential policyholders that suffer from cancer. Thus, insurance underwriters structure policies based on statistical data from the Canadian Cancer Society. In this […]
Does Life Insurance Pay For Suicidal Death In Canada?
Canadians are looking deeper into specific aspects of life insurance due to volatile international economic conditions. Every person wants to secure their monthly budget and leave behind a sense of financial security for their loved ones. Canadians purchase life insurance to leave behind funds and resources for their loved ones in the event of their […]
Can Insurance Companies Deny Coverage?
The Canadian health care system set up in 1967 was a huge success. The health care system, also known as Medicare in Canada, is a publicly funded system that provides health services to Canadian citizens. The government aims to implement federal standards in the country so that people with all types of medical history, the […]
Is Life Insurance Worth It?
Understanding the twists and turns of life insurance is one of those tasks that always gets cast aside until it’s too late. There might have been earlier moments when you considered is life insurance worth it? The simple answer is yes! Especially if you have dependents. After all, no one can put a price tag […]
Life Insurance Policy For Parents
Most Canadians are enthusiastic about getting home and auto insurance policies set up and scratched off their list. But what about life insurance? Getting life insurance is important when it comes to the crunch, but not always for everybody. Because let’s face it, life is just so busy! People with loved ones depending on your […]
Deducting Health Insurance Premiums If You’re Self Employed
Being self-employed means you need to get your own personal health insurance. You can no longer take advantage of your employer’s plan. You could potentially make use of your spouse’s plan if they have a good one. But the chances of that are often slim. Being self-employed means that you are now on your own […]
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?
Understanding Your Life Insurance Policy Understanding your life insurance policy is important, especially when it comes to the financial benefits it provides for beneficiaries. After all, life insurance policies are an essential contingency plan if something untoward happens to you. The death benefit of your policy can help your family to cover their financial expenses, […]
The Difference Between Critical Illness & Long-Term Disability Coverage in Nova Scotia
There are many types of insurance coverages in the marketplace, and it can be overwhelming to decide which coverage is right for you. There’s Life, Health, Home, Auto, Dental & Liability insurance just to name a few but only two specific types of coverage options can pay yourself in the event of an illness or […]
How Much Life Insurance Do I Need In Canada?
A financial advisor will recommend every person accumulate financial resources of at least seven to ten times their annual income. The life insurance options and benefits you choose will have an impact on the exact death benefit your loved ones will receive at the time of your demise. Different factors like any debts, loans, mortgages, […]
What Are The Typical Life Insurance Premiums In Nova Scotia?
It is important to understand what is life insurance in order to correctly analyze different life insurance products and life insurance premiums charged by life insurance companies. Life insurance provides a death benefit to the life insurance beneficiary when you pass away. Some types of life insurance policies have cash value while others don’t. Cash […]
Traditional Life Insurance compared to Non-Medical Life Insurance
What is traditional life insurance in Nova Scotia? Life insurance pays a tax-free lump sum payment to your beneficiary when you pass away. This can be used for final expenses, income replacement or leaving money for the children’s educational fund. Life insurance comes in two forms with a variety of product offerings, Term & Permanent […]
The Differences Between Term and Whole Life Insurance
A term life insurance policy and a whole life insurance coverage policy are two of the most common types of life insurance policies. The financial protection offered by life insurance companies can help beneficiaries meet financial obligations such as funeral expenses as well as make the right legal and financial decisions after the death of […]