The tax laws regarding life insurance in Canada are not terribly complicated, but there are certain tax strategies that use life insurance that can be very complex. It’s always recommended to consult your certified tax professional for any tax matter. This article will discuss the basic components of taxes and life insurance and they are […]
Tag Archives: Life Insurance Rates
Helpful Hints for Buying Life Insurance
1. Determine How Long You Need Insurance For. Term insurance is the most affordable and more widely available than permanent insurance (UL, T-100, Whole Life). As a result the prices can be pretty competitive. Insurance companies will require that you get a medical exam to assess your health and their risk to insure you. There […]
Guaranteed Life Insurance
Guaranteed life insurance (or guaranteed issue life insurance) is a life insurance policy that is literally guaranteed to be issued regardless of your health. Sounds good right?? Sort of…but it comes at a price. If you’re considering guaranteed issue insurance, then be absolutely sure that it’s your only option. An independent insurance advisor might be […]
Getting Reliable Life Insurance
Getting life insurance that you can rely on may seem like an oxymoron to many Canadians. Can you breathe easy knowing that your policy will definitely protect your loved ones? Or will they have to fight tooth and nail to process a claim in their most trying of circumstances? Firstly, ensure that you have an […]
Considerations for Your Business
Business owners will attest to the hard work it takes to establish a successful business. The years of hard work personal investment is just too valuable to not be insured When you die, what will happen with your business? Do your plans take into account estate taxation, legal issues, and liabilities? If a key person […]
How Much Life Insurance Do You Need? (part 1)
What is your life insurance “need”? Well, to get things started off I think that a distinction between “needs” and “wants” is important. For the sake of simplicity I won’t be discussing other forms of insurance (i.e. critical illness, disability insurance). An insurance “need” arises where there are definite, identifiable risks to the people that […]
“Smoker” Life Insurance Rates – Say Good-Bye and Save
It used to be that 50% of the adults in Canada smoked, but times have changed since that statistic was released in 1965. Today between 15% and 20% of adults admit to smoking some form of tobacco on a regular or occasional basis, and many Canadians are thinking about quitting or have quit altogether. This […]