Copyright © 2024 Brian So Insurance
Has the rapid spread of the novel coronavirus got you thinking about life insurance?
You might be wondering if your existing policy covers you, or what happens if you apply for coverage now.
On average, small business owners have 80% of their assets tied up inside their corporations.
The challenge for them is to do the following in a tax-efficient manner:
Invest the funds
Withdraw the funds to supplement their retirement
Transfer the assets to their heirs
This post explains how the corporate insured retirement program can help you achieve all the above.
When looking for a credit card, most people value rewards and low annual fees. But there is a lot more that your credit card can offer, like included insurance coverage at no extra cost.
To settle a worrisome mind, added insurance coverage could be just what you’re looking for to have that extra bit of protection without having to go looking for it.
So what could you be missing out on?
Let’s take a look at all the different insurance coverage offered by Canadian credit cards.
I analyzed 15 life insurance calculators to answer the burning question:
How much life insurance should you get?
I looked at the recommended amount to buy. I looked at the ease of use. I even looked at the design of the calculator.
What did I learn? More importantly, which one should you use?
Let’s get started.
Did you know that life insurance for smokers is double to triple the price of non-smokers? That can add up to thousands or even tens of thousands of dollars more that smokers pay over the life of the policy!
But not all life insurance companies treat smokers the same way. The trick is to find the one that views you as low risk and offers you the best rates.
This comprehensive guide will reveal how smoking affects your life insurance rates and how you can get the best life insurance policy as a smoker.
Do you use marijuana?
You might know that cannabis usage can affect your ability to buy life insurance. The good news is, there are plenty of ways to get affordable coverage if you use marijuana.
In this post, we reveal how life insurance companies treat marijuana users. You will also find out how much insurance will cost for them.
In the end, you can make an informed decision about getting the right policy to protect your family.
Did you know that one in two Canadians lives paycheque to paycheque? How can they meet their financial commitments if they suddenly lose their ability to earn an income due to a disability? Can they afford to pay their bills or keep their home?
That’s where long-term disability insurance helps. It works when you can’t by providing a monthly benefit to pay ongoing expenses. Best of all? The benefit is tax-free.
Several insurance companies offer long-term disability insurance, including iA Financial Group, also known as Industrial Alliance. How does iA disability insurance stack up against the competition? Read on to find out.
Did you know that one-in-three Canadians will become disabled for at least 90 days before reaching age 65? Although some disabilities only last a few months, many last for several years. How will you pay your bills if your income stops for a few years?
That’s where long-term disability insurance comes in. A disability policy provides valuable coverage to help you cope with the financial costs of an injury or illness. It pays a monthly benefit so you can continue making mortgage payments, saving for retirement, and keeping your household finances healthy.
One of the providers of long-term disability benefits is Manulife Insurance. What type of disability plans does it offer? How do its insurance policies stack up against the competition? This review tells you all you need to know about Manulife disability insurance.
What is your most valuable asset? Is it your home? How about your investment portfolio? In reality, neither is true. Your most valuable asset is your ability to earn an income. If you can’t work, you won’t be able to pay your mortgage or rent, buy groceries, pay your bills, or save for retirement.
That’s why you need long-term disability insurance coverage to protect your earning ability. Even if you become disabled due to an illness or injury, you would still receive a tax-free monthly income for as long as you cannot work.
Canada Life is the largest of the life insurance companies that offer individual disability plans. But how do its insurance policies compare to the competition? Read on to find out.
Long-term disability insurance ensures your financial security while you’re off work for a significant period of time. But did you know that many Canadian insurance companies offer long-term disability insurance? How do you know which one is right for you?
In this post, we take a deep dive into RBC disability insurance policies. We examine the variety of products and their advantages and drawbacks. In the end, you will know which disability benefit is right for you.
Long-term disability insurance replaces your income if you can’t work in your occupation due to an injury or illness. But while many people understand the importance of it in protecting their financial plan, many neglect it because of its cost.
But did you know there is a way to lower your initial cost? Besides level premiums, for which premiums remain constant throughout the lifetime of the disability policy, there are also graded premiums.
In this post, we pit graded vs level premiums to see which one comes out on top. Then you can decide which one is suited for you.
Long-term disability insurance protects your income by paying you a monthly benefit while you can’t work due to an accident or illness. Many factors affect your premiums, including age, gender, occupation, and benefit amount. A good disability insurance policy usually costs 2-3% of your annual income.
But did you know that you can get back the money you paid for the coverage? With return of premium disability insurance, you receive part of the premiums back if you don’t claim benefits.
Read on to find out how return of premium disability insurance works and whether it’s worth it.
Facing a critical illness diagnosis can lead to significant financial strain due to medical bills, treatment costs, and potential loss of income. The burden can be daunting, but there’s a way to secure your future and protect yourself against these risks.
Canada Protection Plan (CPP) offers an array of critical illness insurance plans tailored to provide you with financial security and peace of mind in such challenging times. CPP distinguishes itself by catering to diverse needs, including those with pre-existing conditions and people involved in high-risk activities.
CPP’s critical illness insurance provides specialized plans like Cardiac Protect CI, Cancer Protect CI, and combined plans covering both cardiac and cancer-related illnesses. These plans feature lump sum benefits, no medical exam requirements, and guaranteed premiums for the first five years, allowing you to concentrate on your recovery without financial worries.
Secure your financial future today by exploring CPP critical illness insurance and choosing the plan that best fits your needs. Don’t wait for the unexpected—gain peace of mind with accessible and reliable insurance options from Canada Protection Plan. Read on to learn more and get started.
Facing a severe illness can be overwhelming, both physically and financially. Critical illness insurance offers a financial safety net during these challenging times, providing support for you and your loved ones. With numerous options available, selecting the right plan can be daunting.
Foresters Financial offers critical illness insurance plans that stand out for their affordability, comprehensive coverage, and unique member benefits. Their two primary plans, Live Well and Live Well Plus, cover a wide range of conditions and come with additional membership perks like scholarships and discounted legal services.
Picture this: not only are you covered for major health crises, but you also gain access to scholarships, volunteer grants, and member discounts on products and services. Foresters doesn’t just sell insurance; they invest in their members’ well-being and community engagement. These added benefits can provide peace of mind that extends beyond health coverage, making your policy work for you in more ways than one.
Secure your future today. Explore Foresters’ critical illness insurance plans and protect your health and financial stability.
Imagine being diagnosed with cancer or a heart attack. The medical bills can pile up fast, adding stress to an already difficult situation. Critical illness insurance can be a financial lifeline, providing a lump sum payment to help cover expenses and focus on recovery.
ivari, formerly known as Transamerica Life Canada, is a Canadian life insurance company offering critical illness plans. But with so many options on the market, how do you know if ivari’s product is the right choice for you?
This blog post will explore ivari critical illness insurance plans, look at their pros and cons, and compare them to competitors. We’ll also provide tips to help you choose the right plan for your needs.
Stay tuned to learn more about securing your financial future in the face of critical illness.
Are you prepared for life’s unexpected health challenges? Imagine the peace of mind that comes with knowing you’re financially protected against the costs of serious illnesses.
Equitable Life’s critical illness insurance plans offer this security, providing comprehensive coverage that allows you to focus on recovery rather than worrying about expenses. With options tailored to your needs, including coverage for 26 conditions, Equitable Life stands out as a robust choice in the market.
But is an Equitable Life critical illness insurance policy the right choice for you? This post will help you decide by highlighting the strengths and limitations of its plans and comparing them to similar offerings from other leading insurance companies. By the end, you will be able to make an informed decision on ensuring that a health setback doesn’t derail your financial stability.
Imagine facing a critical illness without financial worries. Critical illness insurance from Empire Life can make this a reality, offering peace of mind during challenging times.
Empire Life provides tailored plans like CI Protect for the most common illnesses and CI Protect Plus for comprehensive coverage of 25 conditions. These plans ensure your financial stability, letting you focus on recovery.
Empire Life stands out with guaranteed premium payments, high coverage limits, and valuable benefits like medical concierge services and return of premium options. These features provide robust financial security, meeting your specific needs.
Don’t wait—secure your financial future today. Read on to explore Empire Life’s critical illness insurance plans, and learn how they can protect yourself and your loved ones from the unexpected.
A critical illness diagnosis can turn your world upside down. Between managing treatment and navigating the emotional rollercoaster, the last thing you need is the added burden of financial worry.
Critical illness insurance can be a lifesaver, providing a lump sum benefit to help cover medical bills, lost income, and other expenses. But with so many insurance providers offering critical illness plans, how do you know if Desjardins Insurance is the right fit for you?
This comprehensive guide will equip you with everything you need to know about Desjardins’ critical illness insurance plans. We’ll explore their coverage options, weigh the pros and cons, and compare them to competitor offerings. We’ll even provide valuable tips on selecting the best plan for your specific situation.
Don’t wait for a critical illness to hit before taking action. Take charge of your financial security today! Keep reading to learn how Desjardins’ critical illness insurance can provide peace of mind when you need it most.
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Copyright © 2024 Brian So Insurance
Brian So Insurance is an insurance advisor licensed to sell life insurance products in British Columbia, Alberta, and Ontario. We are not available in other provinces. Insurance policies described, quoted, shown, and illustrated throughout this website are not an offer for the sale of any particular insurance policy or product, only an invitation for application for insurance coverage and may not be relied upon. There are many variables in different insurance coverages and companies, including various insurance company standards and offerings and underwriting requirements. Please see policy documents for full terms, conditions, and exclusions. The logos and trademarks used here are owned by the respective entities.