Tom Castonguay 
Does shareholder insurance seem like such a confusing topic you don’t even know where to start? You’d have that in common with many other Canadians. The ins and outs of shareholder insurance deserve a thorough explanation — which is exactly what we intend to provide in today’s post. Let’s start with the basics. What is … Read more
The Government of Canada’s latest data, Key Small Business Statistics, shows that small businesses are the heart and soul of the nation’s business landscape. Last year, out of the 1.17 million employers in the country, 1.14 million were small businesses (1-99 employees). Less than one percent were large enterprises (500+ employees). With those numbers, chances … Read more
We are all familiar with life insurance, where the beneficiary receives a sum of money when the life insured passes away, but not as many people are familiar with how critical illness insurance works. Critical Illness Insurance 101 Critical illness insurance (CI) is a lump sum cash benefit that is paid to the insured when … Read more
You may think the main risk to your small business, partnership or corporation is the unexpected death of the founder or key person, but there’s another risk you may not have considered. While the death of a shareholder or key person is tragic and presents a number of challenges, the same situation exists with a … Read more
Do you have enough life insurance? More importantly, how do you know if you have enough? The right amount of life insurance differs for everybody. Â In order to figure out how much life insurance is enough for you, consider the following: Risk factors to consider with life insurance The first step to figuring out how … Read more
Many people put off life insurance because they don’t understand it. Don’t worry; life insurance really isn’t complicated. As evidenced by many accounts online, life insurance is often the one thing that allows a grieving family to work through the months ahead without worrying how to pay the mortgage or where the next meal comes … Read more
What is underwriting? It is an important part of the life insurance application process where the insurer (aka the underwriter) accepts the financial liability of your death and assigns a premium to the risk. Underwriting is used to evaluate the insurance company’s risk of loss. Here is how underwriting works during the application process: An … Read more
If you don’t know what a life annuity is, you’re not alone. In this article, we’ll look at what an annuity is, how it can be used in your portfolio and who should be using annuities.An annuity is an income for life. You trade an insurance company a lump sum and they guarantee you a … Read more
Business continuity planning is the process of preparing for future events that can cause an unexpected business interruption. For example, let’s say your startup took off and your company was successful from the get go.Now it’s two years later and you’ve expanded across the country, and just landed the big contract everyone was waiting for. … Read more
One popular option, you would never get from a mortgage lender, is a term ladder or the option of layering your life insurance protection. Below, we’ll look at how you can do this in the most cost effective way. Term Life Insurance Life insurance protects you and your family from financial loss due to a … Read more
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