Life Insurance Canada News

Disability Insurance – Why Do You Need it: Expert Opinions

A number of industry experts and thought leaders weigh in on why disability insurance is important for Canadians. Click on the thought leader’s picture below to explore their perspective or click here to see the summary. Cory Budovitch: “A machine that would produce 10 million over the next 25 years” Many people feel like their...
Read more

Participating Life Insurance – Everything You Must Know

What is participating life insurance? Participating life insurance is a policy that pays dividends to a policyholder, allowing them to benefit from the profitability of an insurance company. Typically, a participating life insurance policy is a whole life insurance policy that comes with both an insurance component and cash accumulation component (unlike term life insurance...
Read more

Corporate Owned Life Insurance: Everything You Must Know – and More

Life insurance sounds boring and straightforward right? Not so fast! When you have corporate owned life insurance, it gets a lot more interesting. Why? Because it directly involves reducing and eliminating tax. Now that I have peaked your interest let’s do a deeper dive into the ins and outs of corporate owned life insurance. Corporate...
Read more

Top Life Insurance Mistakes: Experts’ Perspectives

What are the top life insurance mistakes? A summary: There are numerous life insurance mistakes Canadians are making, and who qualifies better to talk about these mistakes than life insurance experts? We asked numerous life insurance experts to weigh in on the top life insurance mistakes they have seen throughout their careers. You can find...
Read more

Why Is Life Insurance So Important? An Industry Perspective

A number of industry experts and thought leaders weigh in on why life insurance is so important. Click on the thought leader’s picture below to explore their perspective. “Financial instrument that creates such powerful leverage…” Neil Paton Partner, President and Chief Executive Officer at The Edge Benefits As someone who has spent the vast majority...
Read more

Term 100 Life Insurance without a Medical Exam: What is This?

In today’s publication we discuss one of the newer products, Term to 100 without a medical exam. We’ll be using Humania’s Term to 100 without a medical as an example. What is Term to 100 life insurance? Term 100 is a permanent life insurance policy because it covers a lifetime without expiring. The premiums never...
Read more

Buy/Sell Agreements and Insurance: What You Must Know

What are buy/sell agreements? In a way, a business partnership can be compared to a marriage. It may help to think of a buy/sell agreement as a sort of “prenup” between business partners. The buy/sell agreement is a contingency plan that outlines the conditions under which a partner’s interest in the business will be bought...
Read more

Life Insurance in Canada and COVID-19: Industry Perspective

A number of industry experts and thought leaders weigh in on how COVID-19 is impacting the life insurance industry, and what can be expected in the future. Click on the thought leader’s picture below to explore their perspective. Terri Botosan Chief Executive Officer of HUB Financial Inc. Doug Paul Vice President, National Sales and...
Read more

Immediate Financing Arrangement | Key Things to Know

Every business owner is familiar with the old saying, cash is king. When you have it on hand, cash provides stability and the capacity for growth when opportunities arise. Since cash is the lifeblood of any business, shareholders struggle when it isn’t close by. Frankly, many view the purchase of life insurance as a...
Read more

Mortgage Insurance: Everything You Must Know

There have been many articles written about mortgage insurance vs life insurance, but many of them reflect only on particular aspects of this topic. In many cases, it is a lending institution (e.g. your bank or credit union) that offers mortgage insurance. We spoke to Amir Eny, an independent life insurance broker, to highlight key...
Read more