The Cost of Waiting: Why Delaying Life Insurance Can Hurt Your Financial Future Procrastination Comes at a Price For many professionals, buying life insurance tends to sit on the “someday” list. Between busy careers, family obligations, and competing financial goals, it’s easy to delay making the call. But what most people don’t realize is [...]
Corporate-Owned Life Insurance (COLI): A Strategic Tool for Business Owners and Executives Protecting Both Business and Legacy For many Canadian business owners and incorporated professionals, personal financial planning and business continuity are deeply intertwined. You work hard to build a company that provides income, security, and legacy - but what happens to all that [...]
Why Corporately Owned Life Insurance Should Name the Corporation as Beneficiary Corporate-owned life insurance is a vital tool for business owners, providing liquidity for debt repayment, funding buy-sell agreements, and supporting estate planning objectives. However, a key decision (who to name as beneficiary) can have significant tax and legal consequences. The general guideline is [...]
10 Benefits of Life Insurance That Every Canadian Should Know Understanding the Top Reasons to Get Life Insurance in Canada If you’ve ever wondered whether purchasing life insurance is worth it, you’re not alone. While many Canadians put off the decision to purchase life insurance, thinking it's something to deal with later, the truth [...]
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 [...]
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 [...]
Whole Life Insurance vs. Investment Property: A Unique Comparison When planning for long-term financial success, Whole Life Insurance and Investment Properties often come up as two of the most powerful wealth-building tools. Both have unique advantages, but they also share some interesting similarities. Let’s take a closer look at how these two strategies compare [...]
Keep in Mind, Health Buys Insurance – Not MoneyWhen considering the timing and importance of purchasing insurance, there's an important adage to remember: "health buys insurance – not money." This statement underscores a fundamental truth about obtaining insurance coverage, particularly health insurance. Often, when someone recognizes the necessity for coverage due to a sudden change [...]
Be very careful when it comes to buying life insurance as an investment . . . if it looks too good to be true, it likely is! A broker can make a policy illustration look really good, potentially better than what you should actually expect. Unfortunately, based on this article, (Ontario’s insurance regulator orders [...]
Have you ever had a financial/insurance advisor recommend using life insurance to save on taxes? Or you may have never heard of this option. Many people do not understand how this type of tax shelter works. While many are familiar with how Term Life Insurance may work, there is a different type of insurance [...]
