Any Occupation: Why Group LTD Is Almost Never Enough for Professionals Group LTD vs Individual Disability Insurance: Why “Any Occupation” Matters A recent Global News article highlighted a harsh reality for many Canadians on long-term disability: at the two-year mark, benefits are often reassessed and, in many cases, terminated. Not because someone’s health has [...]
Why Policy Design Matters More Than the Illustration When people look at permanent life insurance, especially Whole Life Insurance, the conversation often focuses on illustrated values, premiums, or projected returns. What’s discussed far less often is how the policy is actually designed and why two policies that look similar on paper can produce very different [...]
When Return of Premium Actually Makes Sense Return of Premium (ROP) features in insurance often get criticized, and sometimes for good reason. They are frequently misunderstood, oversold, or positioned as “free money.” That said, ROP is not inherently bad. In the right situation, and with the right expectations, it can make sense. The key [...]
Return of Premium on Critical Illness Insurance: When It Helps and When It Hurts I recently came across a situation that perfectly highlights how confusing Critical Illness (CI) insurance can be, especially when Return of Premium (ROP) is involved. Someone was advised to cancel an existing CI policy, take a sizeable ROP payout, and [...]
Can You Really “Over-Insure” Your Income? One of the most common concerns I hear when discussing Disability Insurance is the fear of being “over-insured.” People worry they might be paying for coverage they don’t truly need, especially if their expenses today are relatively low and their income is high. I think that concern is [...]
Critical Illness Insurance Contestability Period: Why Transparency Matters When Canadians purchase Critical Illness Insurance, they do so with the expectation that if they suffer a serious medical event (such as cancer, a heart attack, or a stroke), their policy will provide a lump-sum payout to help cover recovery costs, time away from work, and [...]
Disability Insurance Contestability Period: Why Transparency Matters When purchasing disability insurance, most people expect that if they become injured or ill and are unable to work, their policy will provide income replacement when they need it most. In most cases, that expectation is correct. However, there is a critical provision many policyholders overlook: the [...]
Whole Life Insurance in Canada: A Smart Long-Term Strategy for Financial Security When Canadians think about protecting their families and building long-term financial stability, Life Insurance is often one of the first tools considered. While term policies are popular for short-term needs, Whole Life Insurance stands apart as a permanent solution that offers lifelong [...]
Top 20 Eligible Health Spending Account (HSA) Expenses Most Canadians Don’t Know About Most Canadians know that a Health Spending Account (HSA) can reimburse common medical expenses like dental cleanings, eyeglasses, and prescriptions. But far fewer realize just how broad the list really is - and how many specialized, high-value, or alternative expenses are [...]
How to Choose the Best Health Spending Account (HSA) in Canada: A Complete Guide for Business Owners and Professionals For incorporated professionals, entrepreneurs, and small business owners in Canada, a Health Spending Account (HSA) is one of the most tax-efficient ways to cover health and dental expenses. When set up correctly, an HSA allows [...]
