What happens when the time comes and your beneficiary needs to claim the proceeds of your life insurance policy? It will already be a difficult time for your beneficiary and you want to ensure that the process does not add more stress…more
Did you know that nearly 10 percent of Canadians ages 12+ are affected by a mood disorder (1)? A mood disorder refers to a general emotional state or mood that interferes with one’s ability to function – major depression disorder (MDD), anxiety and bipolar disorder (BP) are all commonly recognized mood disorders. However, did you know that seasonal affective disorder, a form of depression, is also a mood disorder? more…
Mental health itself is nothing new. However, the ways in which we understand and approach issues related to mental health in society, and in the workplace, are constantly evolving. This is especially visible in the insurance industry, where mental health challenges account for a high percentage of long-term disability (LTD) claims, and are therefore a costly expense for many businesses – does this sound familiar to your business? more…
When you apply for life insurance it pays a benefit upon death while a living benefit product pays a benefit upon a disability or illness. The insurance company’s analysis of your risk, and its impact on the insurance premium you pay, depends on the type of product you choose. Let’s take a look at how an insurance underwriter may assess your risk for the different coverage types…more
The words Canada Revenue Agency have the tendency to make any of us a little nervous when it comes to debts owed and tax collection…more
Yes, at times picking the right insurance plan can seem overwhelming, paralyzing even. With so many insurance options available, what is the ‘right’ solution? more…
A Registered Education Savings Plan (RESP) is one way you can help lay the groundwork for a lifetime of learning. There are many financial benefits to consider as well, including government grants and tax-deferred growth of the investments within the RESP video…
Term insurance is an excellent short-term insurance option, but there are a few things to consider when the time comes to renew. Be sure to understand your needs and know your insurance options, as well as the varying insurance underwriting guidelines – being aware will allow you to make the right decisions. more…
How can you protect your assets and ensure that they go directly to your designated beneficiary? When working with your Advisor on estate plans, make your intentions crystal clear and have ample documentation to support these intentions. Communication and meticulous planning are key! more…
You’ve been diligently stashing away some money from every paycheque, contributing to your RRSP and/or TFSA. Perhaps you have a defined contribution pension or, if you’re one of the lucky ones, the defined benefit version. Whatever your process, when it comes to planning for your retirement, there are two distinct stages – accumulation and decumulation…more