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Insurance

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Buy Sell Agreement Life Insurance: Guide for Partners

A buy sell agreement life insurance policy provides business owners financial protection and business continuity benefits. It ensures that the business remains operational after a partner’s death and offers financial security for the remaining partners and the deceased’s family. Key Takeaways Life insurance policies fund buy/sell agreements, which determine how a business’s remaining partner(s) will …

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Creditor Protection Life Insurance: A Guide for Canadians

As a business owner or self-employed individual, you may be worried about protecting your assets from creditor claims. Perhaps you are concerned about the risks of personally guaranteeing a loan and jeopardizing your assets. If so, this guide on creditor protection life insurance is for you. It will help you understand how life insurance can provide the …

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10 Best Home Insurance Companies In Canada [Ranked]

Looking for the best home insurance company in Canada? When it comes to buying home insurance, you want to choose a company that’s top-rated and has high customer satisfaction ratings. It’s also important to compare coverage options and find a company that offers affordable premium rates. In this article, we’ll guide you in finding the …

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How Soon Can You Borrow Against Life Insurance in Canada

Are you wondering how soon you can borrow against life insurance in Canada? It’s important to know the timeline and requirements before making a life insurance loan. In this article, we’ll explore how soon you can borrow against your policy and the factors that determine your eligibility. Understanding these details will help you make informed …

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Is Critical Illness Insurance Taxable in Canada?

Is critical illness insurance taxable in Canada? This is one of the many questions that we get from clients who are considering implementing critical illness insurance. Like most of our clients, you’re probably asking this exact question before finalizing your decision as to whether or not critical illness insurance is worth it to implement. In …

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Life Insurance Review: How Often Should You Have It?

When exactly was your most recent life insurance review? Did you know that most of the life insurance sold in Canada today was never reviewed or revisited after they where sold? Are you still certain that your life insurance coverage still has your loved ones fully protected? As you may already know, life is full …

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What Happens To Life insurance With No Beneficiary

So, what happens to life insurance with no beneficiary?  Life insurance serves as a fundamental tool to safeguard the future well-being of your loved ones. Understanding the intricacies of life insurance beneficiaries is essential to ensure that your financial affairs are in order and your family is well protected. Without a named beneficiary, the life …

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does the canadian government help with funeral costs

Does The Canadian Government Help with Funeral Costs? 5 Ways

Does the Canadian government help with funeral costs? There are some government benefits that may help provide financial assistance to cover some of the costs associated with a funeral. Below are some options that you may consider in helping ease the financial burden of paying for funeral costs: The Canada Pension Plan (CPP) Death Benefit …

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Funeral Cost Breakdown 2022: Why Planning is Important

The loss of a loved one is an emotionally and financially difficult time. It can be hard to think about the financial aspects, especially when you’re dealing with the emotional side of things. But it’s important to know what you are dealing with so that you can be prepared, both emotionally and financially. In this …

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