Category Archives: Insurance

What Is The Best Type of Life Insurance?

If you’re not familiar with life insurance, it can seem like a different language. You’ll hear things like whole life, universal life, critical illness, term insurance, and temporary and permanent needs. Understanding a bit about insurance can help you make an informed decision about the coverage that’s right for you, your family or your business.Continue Reading

Tips to save on your life insurance costs

There’s an old joke: “If I was walking down the street and saw my insurance agent, I’d cross the road so I wouldn’t have to talk to him.” I handle life insurance as part of my financial-planning practice and I get it. People don’t like insurance. Most don’t understand it, and certainly don’t like toContinue Reading

Facts of life: creative uses for life insurance

Life insurance protects our loved ones from financial disaster should a family lose a bread winner due to a premature death. In fact, insurance often is an essential part of your financial planning, perhaps far more important than investing. However, there are other innovative uses that can make life insurance a low-cost solution to certainContinue Reading

Understanding the Capital Dividend Account

What is a Capital Dividend Account? The Capital Dividend Account, or CDA, is a notational account that small business can use to pay out tax free income to its shareholders.  Small business must be a Canadian controlled private corporation (CCPC), in order to use this notational account. The Capital Dividend Account makes note of certain incomeContinue Reading

3 ways to Build a Financial Safety Net

“To expect the unexpected shows a thoroughly modern intellect” – Oscar Wilde Life throws curves. Sometimes those curve-balls lead us to amazing opportunities, sometimes they lead us through tremendous stress and heartache. When those curve-balls impact our financial well-being our stress levels tend to be amplified and the amount of time it takes us toContinue Reading