Joint First to Die Life Insurance: A Canadian Guide
Planning ahead keeps your money safe and happy. When dealing with Canadian finances, checking out joint first-to-die life insurance really helps. This smart type of coverage covers two people but only pays out after the first person passes away. Imagine having a safety net that kicks in exactly when you need it, giving peace of […]
How to Build Wealth as a New Canadian: 7 Steps That Actually Work
Moving to Canada takes courage. You leave behind familiar systems, familiar banks and often a financial reputation you spent years building. Then you arrive here and discover that your credit history did not come with you, the account types have strange acronyms and everyone keeps talking about something called a TFSA. I have spent over […]
Is Your Employer’s Life Insurance Enough? What Every Canadian Needs to Know
If you have workplace benefits, there’s a good chance a life insurance certificate is sitting somewhere in your onboarding paperwork. Most Canadians see it, feel a small sense of relief, and never think about it again. I get it. After 13 years of helping Canadian families protect their income and build wealth, I can tell […]
Is Critical Illness Insurance Taxable? What You Need to Know
A critical illness diagnosis can be life-altering. Financial worries shouldn’t add to the burden. One common question is: Is critical illness insurance taxable? We’ll explore this, covering various scenarios and tax implications so you can make informed decisions about your financial security. What is Critical Illness Insurance? Critical illness insurance offers a lump-sum cash payment […]
Life Insurance Underwriting: What You Need to Know
Having worked in the Canadian insurance industry for over 13 years at Thomas C. Chan Financial Services, I’ve guided countless clients through the intricacies of underwriting. Let’s break it down and help you make informed decisions about your coverage. Table of Contents What Is Underwriting in Insurance: A Deep Dive Underwriting is the evaluation process […]
What is Creditor Protection for Life Insurance?
Do you have assets you want to safeguard from creditors? For business owners, professionals, and anyone exposed to financial risk, creditor protection is an important tool in preserving wealth. Insurance products such as life insurance, annuities, and segregated funds offer unique benefits that can shield your assets from creditor claims, providing financial security for you […]