Category: Insurance Education
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What Is A Participating Policy?
Read more »: What Is A Participating Policy?Participating policy – What to expect. A participating policy is an insurance contract that pays dividends to the policy holder. Dividends are generated from the profits of the insurance company that sold the policy and are typically paid out on an annual basis over the life of the policy. Most policies also include a final…
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What Is Permanent Life Insurance
Read more »: What Is Permanent Life InsuranceInsured Retirement Plans (IRPs) allow you to have your cake and eat it too. In the article, we’ll be exploring what IRPs are, how they work, plus the pros and cons of getting one. Finally, we’ll tell you what kind of individual is best suited for this strategy. Insurance can be complicated. So, before we…
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What Are The Financial Risks of Having Only One Primary Beneficiary?
Read more »: What Are The Financial Risks of Having Only One Primary Beneficiary?Why Do I Need A Primary Beneficiary? When you have a life insurance policy, you may be concerned with dividing up the benefit amount and who will take responsibility for your children or other dependents after your death. Additionally, there will be many obligations that need to be dealt with when you pass away. Therefore,…
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What is Liability?
Read more »: What is Liability?Understanding liabilities isn’t just about balancing your books — it’s about protecting your income, your family, and your future. From debts like loans and credit cards to the often-overlooked final tax liability, knowing how to manage and plan for these obligations is critical. Learn how life insurance and proper financial planning can provide peace of…
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How Can Termination of Employment Affect Your Group RRSP?
Read more »: How Can Termination of Employment Affect Your Group RRSP?From losing employer matching to understanding transfer and withdrawal options, this article helps Canadians navigate their RRSPs post-employment—and why now might be the perfect time to take back control of your retirement strategy.
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Is A Group RRSP Considered Employee Benefits?
Read more »: Is A Group RRSP Considered Employee Benefits?Group RRSPs are a common but often overlooked employee benefit that can offer a convenient way to save for retirement—especially with employer contributions or matching incentives. While the automatic payroll deductions can simplify investing, there are often eligibility rules, restrictions on access, and limited investment options. Understanding how your group RRSP fits into your overall…
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How To Handle Beneficiaries During Divorce
Read more »: How To Handle Beneficiaries During DivorceDivorce is a major life transition—and amid the legal and emotional complexity, updating your life insurance beneficiaries often gets overlooked. Whether your ex is still listed as your primary beneficiary or your children need a trustee, now is the time to ensure your policies reflect your new reality. Learn how to protect your assets and…
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Beneficiary of inheritance: What to do, Pay debts
Read more »: Beneficiary of inheritance: What to do, Pay debtsCanada is in the middle of an unprecedented $1 trillion wealth transfer—and if you’re a beneficiary, what you do next matters more than ever. Inheriting money is more than a financial event; it’s a moment to pause, reflect, and plan with purpose. Learn how to preserve and grow your inheritance while honoring the legacy behind…
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What Insurance premiums are tax deductible?
Read more »: What Insurance premiums are tax deductible?Understanding which insurance premiums are tax-deductible in Canada can be complex. While most are not, exceptions exist—particularly in corporate structures and lender-required policies. This article breaks down the nuances, including how business owners can strategically use life insurance in buy-sell agreements and when deductions truly apply.
