In Part I of our Disability Insurance 101 series we explore what Disability Insurance is. Most people understand what life insurance is: In the event of death of the life insured on the policy, a tax-free death benefit will be paid out to the beneficiary. However, when it comes to living benefits, particularly disability insurance […]
When it comes to life insurance we naturally first look to cover the breadwinners. Often overlooked are stay-at-home parents. Although the number of stay-at-home parents in two-parent homes has been in sharp decline since the 70’s, according to Statistics Canada 18% of households choose to have one parent stay-at-home. In another study it showed that […]
Although you may be fortunate enough to be working for an employer offering benefits such as life insurance and long term disability through group coverage, it’s imperative that you recognize the difference between participating in your group benefit plan at the office versus owning an individually owned policy yourself. The commonly held belief by those […]
Much has been made over the last year or so about IA Excellence’s Acci-Jet. It’s a unique offering in the world of disability insurance, designed specifically for workers in the event of total disability resulting from an accident or soft tissue injury. If you are an individual concerned about the impact to your lifestyle as a […]
Manulife’s Synergy provides comprehensive bundled coverage for life insurance, critical illness and disability insurance. There are several carriers out there who provide these hybrid type products, however, Manulife has taken a slightly different approach with Synergy. The main distinction is Synergy’s unique pool of money concept. How the unique pool of money concept works When […]