insurance resource

Life Insurance

Get Help from an Insurance Broker – It’s Already Paid for

I have covered the basics of 4 types of insurance in a quick but hopefully helpful way.  However as I was writing this I left out many points I could have made to keep things simple, and because many of these points only apply to specific people in specific situations, but can be crucial to… Read more

Life Insurance Guide

Life Insurance is an economical way to financially protect your family from not having enough time to complete your plans.  It is part of an overall strategy of Financial Planning (video).   Life insurance can replace the income you would have earned to your family in case of an early death. The buying of life insurance… Read more

Save Money on Bank Mortgage Insurance – 3 Reasons

Enclosed is a brief video showing 3 ways and reasons to save money on your bank mortgage insurance.  If you are a non-smoker, it is in your interest to compare your bank mortgage insurance to what you could be paying.    

How Insurance Companies are Rated

Life insurance companies are rated by agencies such as A. M. Best, S+P, Moody’s and Fitch. Enclosed is a recent listing of ratings, and a link to the homepage of each major insurance company in Canada. However I would not put too much stock in these ratings for two reasons. 1. These ratings reflect the… Read more

Points to Consider about Life Insurance

There are 3 stages of life insurance needs – Family Protection, Accumulation of Assets and Estate Preservation Needs will shift as a client moves through these 3 stages and the amount of life insurance needed generally changes due to exposure to capital gains, taxes due in the year of death, RRSP/RRIF tax, etc. Term insurance… Read more