Tag Archives: Universal Life Insurance

Life Insurance for Seniors

When we reach the age of “only” 50 we may start to find it difficult to get approved for life insurance.  For many of us there is considerably less of an insurance need but we might be concerned about not leaving a financial burden for things like funeral costs, or helping your beneficiaries cover any […]

Life Insurance and Tax

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 […]

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 […]

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 […]

Universal Life – When and Why?

Over the years there has been much debate between insurance sales people offering their advice on Universal Life Insurance.  You’ve no doubt heard the “buy term and invest the difference” company say that it’s always better to buy term insurance and invest your extra cash flow in a solid investment portfolio.  You may have also […]