How Do Life Insurance Payouts Work? Understanding Life Insurance Payouts and Death Benefits When someone takes out a life insurance policy, it’s more than a contract—it’s a promise. A promise that, upon death, there will be a financial safety net waiting for loved ones. But how does a life insurance payout work? Let’s break down [...]
Life Insurance for Nurses: What Type of Life Insurance Is Best? Choosing the Right Life Insurance for Nurses in Ontario Nursing is a demanding career, and as a nurse, you carry the responsibility of caring for others—often under stressful conditions. That commitment makes having the right life insurance especially meaningful. Whether you're just starting [...]
How Life Insurance in Canada Has Changed Over the Last 50 Years From Paper Policies to Digital Simplicity: A Look at 50 Years of Life Insurance Evolution in Canada</h2> Fifty years ago, buying life insurance in Canada was a slow, paper-heavy process that often involved a firm handshake, a stack of forms, and a [...]
Comparison of Health Spending Account vs Traditional Group Benefits Choosing Between a Health Spending Account and Traditional Group Benefits When it comes to employee benefits, business owners and HR professionals often wrestle with what’s better for their team: a health spending account or traditional group benefits. Both can be valuable tools—but their structure, flexibility, [...]
Addressing the Life Insurance Coverage Gap in Canada Understanding and Closing the Life Insurance Gap Among Canadians Despite the growing awareness of life insurance's importance, a significant number of Canadians remain underinsured. Studies indicate that approximately 31% of Canadian adults acknowledge having a life insurance coverage gap, leaving their families vulnerable in the event [...]
Who Should Get a Life Insurance Policy? Understanding When and Why a Life Insurance Policy Makes Sense Most of us don’t wake up thinking about life insurance. It’s one of those topics that tends to sit on the back burner until something—or someone—makes us stop and consider it. But if you’ve ever asked yourself, [...]
The Top 10 Reasons Every Canadian Should Have Life Insurance Why Life Insurance in Canada Is About More Than Just the Death Benefit When it comes to financial planning, life insurance isn’t always top of mind—but it should be. Whether you’re just starting a family, building a business, or preparing for retirement, the right [...]
The Chronically Under-Insured: Canadian Life Insurance Coverage Gaps Why Millions of Canadians Are Still Missing the Mark on Life Insurance Protection Despite living in one of the most developed and financially secure countries in the world, many Canadians are still falling short when it comes to protecting their families with proper life insurance coverage. [...]
Should You Self-Insure or Get Disability Insurance? Why Relying on Savings Might Not Be the Best Plan Many people ask whether it’s better to self-insure rather than purchase disability insurance. The idea makes sense on the surface—why pay premiums when you could just save money in case you ever become disabled? But when you [...]
Is Shared Critical Illness Insurance a Good Idea? What You Need to Know Before Saying Yes If you own a business in Canada, you've probably been approached about a Split Dollar Critical Illness (CI) Policy at some point. On the surface, it seems like an attractive way to get critical illness insurance while also [...]
