Here is a Canadian Disability Insurance Guide I put together for my clients to help in understanding and purchasing disability insurance. If you would like an individual quote for disability insurance using your information, please fill out and submit the short form here. Disability Insurance is referred to as a Living Benefit policy because it…
Canadian Critical Illness Insurance Guide Critical illness insurance is a living benefits policy that pays a benefit to the person who owns the policy, as opposed to their beneficiaries. This is insurance that provides owners with a lump sum of money if they experience a critical illness that is covered under their critical illness policy. …
Life Insurance is an economical way to financially protect your family from not having enough time to complete your plans. It is part of an overall strategy of Financial Planning (video). Life insurance can replace the income you would have earned to your family in case of an early death. The buying of life insurance…
Long Care Term Insurance is designed to help pay for the care that people may need as they get older, especially after retirement. Many disability policies now have the feature that after a certain age, the disability benefit can be converted to a long term care benefit, determined by the policy. The cost of long…
Foresters Financial has a long history of being a society that helps its members. Foresters Financial is an international financial service provider that has more than three million members and clients in Canada, the United States, and the United Kingdom. Foresters Financial members are only those who are insured by a life insurance certificate issued…
No matter your health status, getting affordable life insurance policy made for seniors can be easy. There are many affordable life insurance and plans that cater to seniors. You can find the very best life insurance solution plan that will protect your future and provide for your family’s needs. Many seniors may have sufficient savings…
Industrial Alliance, Canada’s fourth-largest life and health insurance company, purchased iA Excellence in 2008. This was a Montreal-based life insurance company that had been around since 1962. After the Group management announced the merger of Industrial Alliance and IA Excellence into a single entity, IA Financial Group, the logical conclusion to this strategic acquisition was…
Over its long history, Ivari (formerly Transamerica) has helped millions of Canadians make informed financial and insurance decisions. It has approximately 18,000 representatives in Canada today who strive to offer innovative, customized and affordable solutions. Transamerica Life Canada changed its title to Ivari in 2015. Wilton Re, owned by its management and CPPIB – Canadian…
Manulife Financial Canada is one of the leading financial services providers in the country. As a result, they are always looking for ways to innovate, improve and stay ahead of their competition. In this article, we will be taking a look at Manulife Financial Canada’s plans for 2023 and exploring what’s new. From changes to…
You might wonder whether premiums for life insurance are tax-deductible when you file your taxes. Sorry, there is no one-word answer. The most useful 2-word answer is “Usually – No”. Are Life Insurance Premiums Tax-deductible? Canada’s Income Tax Act, (ITA) allows for the deduction of insurance premiums. However, this complicated maze of rules is applicable…
RBC Life Insurance continues to be one of the leading providers of life insurance and disability insurance in Canada. With a history dating back over 160 years, this well-established financial institution has long been trusted by Canadians for their insurance needs. RBC Life Insurance Canada provides customers with an extensive range of products and…