The Biggest Mistakes Parents Make When it Comes to Life Insurance
Many parents rely solely on the life insurance provided through their employee benefits. This is very concerning to me as an advisor. Most Group Life plans offer minimal coverage, sometimes only $25,000. While this will cover final expenses, it wouldn’t be sufficient to replace [...]
Why do so many people buy creditor insurance to protect their mortgages & loans when there are better options out there?
After 15 years in the business, I have lost count of how many times a client told me that it was "required" to purchase life insurance with their mortgage - which is not the case, it is optional. Just the other day, my client [...]
How Critical is Critical?
Critical Illness Insurance can give you a tax-free payment if you’re diagnosed with a serious condition. The three main conditions that a Critical Illness Policy covers is: Life Threatening Cancer Heat Attack Stroke While you may not know someone who has claimed on Critical Illness Insurance, [...]
Should My Parents Sell Me Their Cottage for $1???
This summer you and your kids have been fortunate enough to laugh, splash, and create many special memories at the family cottage. Your parents approach you, as they are aging and feel they no longer want the responsibility of caring for the cottage. With [...]
Video: Should I Keep My Disability Insurance Contract or Should I Cancel it?
Have you ever asked yourself the question, should I keep my disability insurance contract or should I cancel it? First, how important is your income? How important is your income to your family? If your answer is: "My income is still important", [...]
Dear Jeff: I have group benefits through work and I am looking to getting an additional coverage. Who and what would you recommend?
My reply: Typically, RBC Insurance, Manulife or Canada Life are the three carriers that offer high quality disability contracts that can supplement your Group Long Term Disability (LTD). All three companies are good companies, however, you need to first find out which company offers [...]