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Category: Life Insurance

The Genetic Non-Discrimination Act and its Impact on Life Insurance

November 17, 2017Life Insuranceimport

One of the many advancements in medicine has been the use of genetic testing in determining the probability that an individual will develop a life- threatening illness or condition.   Knowing that you or your children are not at risk of…

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Insurance Audit for the Business Owner

October 17, 2017Corporate Insurance, Life Insuranceimport

Many business owners understand the important role that life insurance plays in effective corporate planning.  Whether it is the funding of a shareholders’ agreement, life insuring corporate debt, or protecting against loss from the death of a key employee, life…

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Charitable Gifting with Shared Ownership Universal Life Insurance

August 21, 2017Charitable Gifting, Life Insurance, Universal Lifeimport

Many individuals have realized their charitable aspirations by donating a life insurance policy to the charity of their choice.  In situations where that donation is a Universal Life policy, the use of a Shared Ownership strategy could prove to be…

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What the Wealthy Know about Life Insurance

March 23, 2017Estate Planning, Investing, Life Insurance, Tax Planningimport

If you have ever thought that life insurance was something you wouldn’t need after you reached a certain level of financial security, you might be interested in knowing why many wealthy individuals still carry large amounts of insurance.  Consider the…

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Thinking of Cancelling Your Life Insurance?

February 20, 2017Life Insurance, Life Stagesimport

Have you found yourself wondering if you really need that life insurance policy you pay for every month?  You are not alone. As time goes on we often forget the reasons behind purchasing the amount and type of coverage we…

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Recover Your Long Term Care Costs

October 24, 2016Life Insurance, Living Benefits, Long Term Careimport

Will your family be affected by the costs of caring for an aging loved one? Statistics Canada states that over 350,000 Canadians 65 or older and 30% of those older than 85 will reside in long term care facilities.  With…

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The Single Premium Insured Annuity

August 22, 2016- Annuities, Estate Planning, Investing, Life Insurance, Retirement Planning, Tax Planningimport

Available until January 1, 2017 A New Approach  A new method of structuring an insured annuity has restored its favourable results.  The new approach involves combining the prescribed annuity with a Universal Life policy. The UL policy is funded with…

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The Clock is Ticking!

June 19, 2016Corporate Insurance, Life Insurance, Tax Planningimport

Don’t Put Off Your Decision to Buy Life Insurance 2016 is an opportune year to buy life insurance.  New laws affecting the taxation of life insurance come into effect on January 1, 2017. After this date new policies will not…

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Do You Need Individual Life Insurance?

May 16, 2016Employee Benefits Program, Estate Planning, Life Insuranceimport

Canadians may need to rethink their risk management In a recent study conducted by the Life Insurance and Market Research Association (LIMRA), it was reported that 61% of Canadians hold some form of life insurance.  Surprisingly, it also revealed that…

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Family Business Planning Strategies

April 18, 2016Business Succession Planning, Corporate Insurance, Life Insuranceimport

67% are at Risk of Succession Failure If you are an owner in a family enterprise, the chances of your business transitioning successfully to the next generations is not very good.  This has not changed over the years. Statistics show…

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