We want to help you understand exactly how the RBC’s “Group / Association Offset amendment (A670)" works. In this example, you are eligible for and purchase $10,000 of coverage based on your income. However, you also have $5,000 of Group LTD already in place. Because of overlapping coverage, your individual policy is issued with [...]
I had someone reach out to me wondering what the monthly cost is for Permanent Life Insurance for a healthy 35-year-old. They were thinking they preferred Permanent Insurance as opposed to Term. There are so many options when it comes to Permanent Life Insurance, and the cost can change substantially. There is Term 100, [...]
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 [...]
Did you know that the EI Sickness Benefits payout recently increased from 15 weeks to 26 weeks? You may want to ask yourself how this recent change impacts your Group Disability Coverage. Ultimately, it’s up to the employer to decide how to proceed given the changes. What does EI Provide? 55% coverage to a [...]
A resolution is a firm decision to do or not to do something . . . which is often easier said than done. The New Year is an opportunity for us to implement some positive changes to better our lives, and the lives around us. We often make a promise to ourselves to do [...]
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 [...]
I have heard people refer to buying insurance as gambling. The thought is, if we end up using it, we win, and the insurance company loses. If we never end up using it, we lose, and the insurance company wins. However, here is another way of looking at insurance . . . . . [...]
