Permanent life insurance provides guaranteed, lifelong coverage that protects the people you care about. It offers cash values that can grow over time to either increase the value of your death benefit or help pay for future goals like an education fund, starting a new business or supplementing your retirement income. There are two types of permanent life insurance: participating life insurance and universal life insurance.
Participating life insurance provides lifelong insurance coverage and pays the person you choose a tax-free payment when you die. Your policy is guaranteed to grow in cash value as long as you make your payments.
Term life insurance helps you meet short-term protection needs over a set period of time. It’s ideal if you’re looking for a cost-efficient way to cover large debt for a specific term – for example, a mortgage.
Another video appearance on Brian Manko's Rocky View Entrepreneur Series. We talked about the preservation of assets using insurance products. Recreational properties, capital gains liability, funding the buy/sell among children, insurance trusts, and types of insurance for estate planning are covered in this interview. Watch this video to learn more.
Recently, I made a guest appearance on Brian Manko's Rocky View Entrepreneur Series. Watch this video to learn more about Buy-Sell insurance.
Couples generally plan and work together to improve their financial future, but what happens to their accounts if they divorce?...
To rent or to own? For many Canadians looking to buy their first house, this is a big – and often challenging – question...
With rising interest rates and inflation should you be considering different investment options? Value investing could help provide you with both risk mitigation and the potential for long-term gains...
For the month ending May 31, 2023...
Is charitable giving a part of your financial planning? Find out how you can take your donation dollars further...
From financial planning to estate planning, there are many aspects to financial wellness that are unique to 2SLGBTQI+ individuals, partnerships and families. Here are some considerations for your individual 2SLGBTQI+ financial planning...
Don’t break the bank on your home landscaping...
For the month ending April 30, 2023...
Learn what could be offered and how your confidentiality is protected with an Employee Assistance Program. This free service could provide help for financial, caregiver, health, or relationship concerns...
Most financial service companies and bill providers give customers a paperless option. My Canada Life gives you 24/7 access to information about your individual Canada Life insurance and investments products, including statements and tax documents....