Stress Less About Your Future with Life Insurance

What is life insurance?

Life insurance helps protect your loved ones financially if you pass away while your policy is in force. You can tailor your life insurance policy to help sustain your dependents’ current lifestyle, housing and education to name a few typical expenses, using a “death benefit” (a lump sum of money). How does this work? When you purchase life insurance from an insurance company, you designate one or more beneficiaries.

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How Insurance Can Help Build Your Business

Starting and running your own business can be both exciting and terrifying. Every day provides opportunities and challenges and you never know what each morning will bring. If you are a business owner and don’t have the right insurance plan in place because you’ve been so busy trying to grow your business, then there’s an opportunity waiting for you right now.

In addition to providing protection and mitigating risks, business insurance can also provide opportunity when it comes to building your business. For example, did you know that a life insurance policy can be used as collateral for a bank loan? It not only protects shareholders, family members, key persons to the business, and the corporation itself, it opens up new doors. Just imagine what you can do.

Take a look at this short video to learn more then reach out to your advisor to see what plan is best for you and your business.

To learn more read our article on How Insurance Provides Security – and Opportunity – for your Business

Your Genes, Your Business

In May 2017, the Canadian parliament passed the Genetic Non-Discrimination Act (GNA) – formerly known as Bill S-201. This Act, meant to prohibit and prevent discrimination, states that genetic test information can no longer be requested or used in rendering underwriting decisions. How this bill will impact underwriting and product pricing remains to be seen.

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