Is Life Insurance Taxable In Canada?

Whether you’ve just bought a life insurance policy or are interested in getting one, it’s natural to have questions. And one of those might be – what the tax implications are of your life insurance policy. In other words, is life insurance taxable in Canada? What Is A Life Insurance Policy? Let’s start with the … Read more

How To Compare Life Insurance

child smiling into camera with parents behind

Canadians have been having difficult conversations with their family since the global pandemic hit, according to a survey by Ipsos. 56% of parents have been talking over the future of their children, debt and how secure the family finances are in current conditions. Over 25% of those surveyed said they didn’t believe their family would … Read more

How Much Does $1 Million in Life Insurance Cost?

How Much Does 1M of Life Insurance Cost

The answer to “What does a million dollar insurance policy cost?” is: “It depends.” Life insurance premiums are based on a number of factors. If anyone tells you they can provide you with a million dollar insurance policy without first gathering some key information about you, be very skeptical! But if you keep reading, you’ll … Read more

Top Canadian Life Insurance Companies – Why use a Broker?

Why use a Broker?

We get to enjoy all sorts of benefits from living in Canada. We have freedoms and options for almost anything, and this is especially true with Canadian life insurance. We’ve compiled a list of the top Canadian life insurance companies for you. But first, let’s talk about the insurance industry and how life insurance works. … Read more

Life Insurance for HIV-Positive in Canada

Insurance with HIV

The life insurance industry always tries to keep up with what’s going on in the world. This is why non-medical insurance was introduced and why certain changes in life insurance for people with HIV came to be. Thankfully, in 2016 Manulife Financial began accepting life insurance applications from individuals who had tested positive for the … Read more

Whole Life Insurance as an Alternative to an RESP

Whole Life Insurance as an Alternative to an RESP

Parenthood is the best part of life. Children are amazing, and dynamic! This is why we make them a top priority when it comes to financial planning. We want them to have every opportunity they possible can, and this includes post-secondary education. However, education is expensive, so the quicker you begin to save for it, … Read more

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