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
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
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
Being a high life insurance risk means that life insurance will cost you more, but it doesn’t mean you won’t qualify for affordable rates. Life insurance companies base their rates on how risky you are to insure (the likeliness that you will die and they will have to pay out the death benefit). It’s not … Read more
When it comes to term life insurance, the most important thing (beyond the necessity of it) is buying the right policy for your situation and getting that policy at the right price. This is why you should always use a broker to compare term life insurance policies. Term life policies are the same in concept. … Read more
For most Canadian families, term life insurance offers sufficient protection at an affordable rate; and it expires when they no longer need it. However, many people still wonder if they should convert their term policy.In a word, YES. Everyone should have at least a minimum amount of permanent life insurance. Most term policies offer you … Read more
The insurance industry is always changing to keep up with lifestyle changes and technology; they continually perform research and adjust accordingly. BMO Insurance has recently made changes to their rules, and effective immediately, will consider occasional marijuana smokers at non-smoker rates. Research and Infrequent Marijuana Usage As research by insurance company’s increases, the life insurance … Read more
Life insurance companies want to bring their own spin to the types of life insurance they sell to try to differentiate themselves in the market place and this tends to create a lot of confusion for Canadian consumers. Ultimately, the person buying the policy wants their beneficiaries to have money if something happens to them but … Read more
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