Category Archives: Life Insurance

Why Should I Review My Life Insurance?

    It’s important to review your life insurance regularly to ensure your policy is up-to-date and see if you require any coverage changes. Here are some reasons you may need to update your life insurance:
    • You’ve gotten married or divorced or had a baby.
    • You’ve changed jobs.
    • You’ve taken on some debt.
    • You’re supporting additional family members.
    • You’ve bought a new home.
    • A loved one has a change in their health.

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    When should I buy life insurance?

      Life insurance is something you can use at any age. Whether you’re in your 20s or approaching retirement, you can benefit from having life insurance. Our article, “When should I buy life insurance”? can help you understand:
      • What the two main types of life insurance are – term and permanent
      • When term insurance is better for you and when permanent insurance is
      • How life insurance can benefit you at different ages
      • What costs life insurance can help your loved ones’ cover

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      Group Insurance vs Individual Life Insurance

        While it’s great to have group coverage from your employer or association, in most cases, people don’t understand the that there are important differences when it comes to group life insurance vs. self owned life insurance.

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        Retirement Planning for Business Owners – Checklist

          As a business owner, one of your challenges is learning how to balance between reinvesting into the business and setting money aside for personal savings. Since there are no longer employer-sponsored pension plans and the knowledge that retirement will come eventually, it’s important to have a retirement plan in place.

          We’ve put together an infographic checklist that can help you get started on this.

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          Accessing Corporate Earnings

            One of the financial planning issues that business owners face is how to access their corporate earnings in a tax efficient way. Please contact us to learn how we can get more money in your pocket than in the government’s.

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            Insurance Planning for Business Owners

              For business owners, making sure your business is financially protected can be overwhelming. Business owners face a unique set of challenges when it comes to managing risk. Insurance can play an important role.

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              Insurance Planning for Young Families

                For young families, making sure your family is financially protected can be overwhelming, especially since there’s so much information floating online. This infographic addresses the importance of insurance- personal insurance.

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                Business Owners: 2019 Tax Planning Tips for the End of the Year

                  If your corporate year end is December 31, it’s a great time to review your business finances. With the federal election over and no major business tax changes for this year, 2019 is a good year to make sure you are effectively tax planning. Please keep in mind that your business may be affected by the recent tax on split income (TOSI) and the passive investment income rules given they came into effect in 2018. These rules can be complicated, please don’t hesitate to consult us and your accountant to determine how this can affect your business finances.

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