Copyright © 2024 Brian So Insurance
Life insurance premiums—the monthly or yearly fees for your policy—are intended to be affordable. After all, you buy it to protect your loved ones’ financial future.
But what if you can take that security further by finding more ways to save, like deducting those premiums from your taxes? Wouldn’t that make life insurance that much more attractive?
But not all premiums are deductible. In this post, we explore situations where CRA will allow you to write off the cost of life insurance from your income tax.
Are you looking for a life insurance policy to motivate you to become more healthy and lead an active life?
How about one that rewards you with lower premiums and prizes like a free Apple Watch?
Now you can with Manulife Vitality.
In this post, I’ll explain to you what Manulife Vitality is and how it works.
You’ll also learn if it’s the right kind of insurance for you to protect your family and achieve your health goals.
Let’s get started.
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.
Group long-term disability insurance is the most common way for companies to provide income replacement coverage for employees. It pays a monthly benefit if an employee can’t work due to an injury or illness.
But did you know there are many shortfalls with these types of plans? For example, higher earning staff may not be adequately compensated because of low benefit amounts. Premiums can also increase if there are lots of claims.
For these reasons, employers that want better disability coverage for their high-income earners and executives have to look elsewhere. And the most suitable option is a wage loss replacement plan (WLRP). This post explains how these plans work and the advantages for employers and employees.
The success of a small business depends largely on the productivity of its owners. If one of the owners in a partnership becomes disabled, the company will suffer financially.
That’s why small businesses should have a buy-sell agreement that details what happens to the shares of the disabled partner. Who will purchase their shares? How will the shares be valued?
Perhaps most importantly, where will the funding come from? A buy-sell disability policy is the crucial piece that completes the buy-sell agreement. Learn more about how it works and why you need it to protect your business.
Any successful business owner will tell you that its key employees are the company’s backbone. If they suffered a disability, there would be a severe financial impact on the business. It may not even be able to survive over the long term. That’s what makes them the key people in a company.
If your business is dependent on one or more key people, you need to protect it with key person disability insurance.
Learn more about how key person insurance works and how it can ensure the survival of your business in the event of the disability of a key employee.
Although long-term disability insurance has been around for a long time, many misconceptions still exist. People don’t understand how it works or why they need it. As a result, they have a hard time separating the facts from fiction and end up believing disability insurance myths.
Before getting disability insurance, learn about the facts that dispel these 15 disability myths.
Did you know that more than one billion people worldwide live with a disability? Even in a developed country like Canada, disability prevalence is more common than you may realize.
We gathered 13 shocking disability statistics that highlight the prevalence of disability and the financial impact of a disability.
The government of Canada provides millions of Canadians with disability coverage. But did you know that these programs have glaring deficiencies that prevent them from fully protecting your income?
In this post, we explain why you can’t solely rely on government-sponsored disability insurance. We’ll also show you how a private long-term disability policy gives you the best income protection.
Have you ever stopped to wonder what impact a critical illness could have on your finances? Consider this: a serious medical condition can not only disrupt your health, but also throw your financial security off track. Medical bills, lost income, and additional caregiving needs can quickly add up.
Critical illness insurance can be a powerful tool to provide financial assistance in the face of such challenges. But with so many options from different insurance companies, which is the best for you?
This blog post will examine the details of Industrial Alliance’s critical illness plans, look at the pros and cons, compare them to competitors, and equip you with the knowledge to make informed decisions about protecting your financial future.
Considering critical illness insurance? BMO Insurance is a major player in the Canadian insurance market, but is their critical illness product the perfect fit for you? This post will be your one-stop shop for everything you need to know about BMO critical illness insurance policies.
We’ll take a deep dive into its features and the pros and cons of its product. By the end, you’ll be equipped to decide whether BMO critical illness insurance offers the right protection for your needs and financial goals. So, buckle up, and let’s explore if critical illness insurance from BMO Insurance is truly worth it!
Imagine facing a life-changing diagnosis while worrying about medical bills and lost income. Critical illness insurance can be a lifesaver in such situations, providing a financial cushion during a difficult time. Sun Life is a prominent provider in Canada, but with various options available, are their plans the best fit for you?
This blog post will be your one-stop guide to Sun Life’s individual critical illness insurance plans. We’ll explore their comprehensive coverage, weigh the pros and cons, and compare them to competitors. We’ll even offer tips on choosing the best plan for your situation.
Don’t wait until it’s too late. Keep reading to ensure you’re financially prepared for anything life throws your way.
Life throws unexpected curveballs, and major illnesses can be some of the most challenging. The financial burden of a critical illness diagnosis can be immense, adding stress to an already difficult time. Critical illness insurance can be a powerful safeguard, offering a financial safety net when you need it most.
In this post, we examine Canada Life’s critical illness insurance policies. We explore the pros and cons and coverage details, pointing out where they have a competitive edge or disadvantage compared to other insurance companies’ products. So, let’s take a look at how Canada Life can protect yourself and your loved ones from the financial impact of a critical illness.
Imagine facing a critical illness. Suddenly, medical bills soar, income dips, and unexpected expenses arise. Critical illness insurance from Manulife can be your financial safety net, providing a lump sum payout to ease the burden and empower you to focus on recovery.
This guide explores Manulife’s critical illness insurance plans. We’ll examine their options, key features, and benefits, helping you understand if they’re the right fit for your financial security. Whether you’re new to critical illness insurance or comparing quotes, this post equips you to make an informed decision.
A critical illness diagnosis is a life-altering event. The medical costs, combined with lost income, can create a significant financial burden for you and your family. Critical illness insurance can be a lifesaver, providing a lump sum payout to help manage living expenses.
Many insurance companies in Canada offer critical illness insurance. In this post, we’ll explore TD Insurance’s critical illness plan. We’ll examine its key features, the advantages and disadvantages of the product, and how it compares to offerings from other insurance providers in Canada.
Whether you’re considering critical illness insurance for the first time or looking to compare different options, this post will equip you with the information you need to make an informed decision.
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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.