infomemo’s

Five Common Misconceptions When Purchasing Life Insurance

November 16, 2018 If the thought of purchasing life insurance overwhelms you, this article will provide you with tips to give you clarity on some of the fundamentals of life insurance planning. Since confusion can lead to missing key information, we will discuss how to avoid five common life insurance misconceptions. #1      Group […]

Stress Less About Your Future with Life Insurance

October 2, 2018 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 […]

Life Insurance for Financial Protection

September 25, 2018 How much Life Insurance do I need? If you’ve decided that you need life insurance, how do you know how much is enough to protect your family financially in the case of premature death? The amount of life insurance you need can be a difficult question to answer, but this article will […]

TFSA vs RRSP vs both. What’s best for me? June 4, 2018

Updated June 5, 2018 By Chris Nicola of WealthBar I recently read an in-depth analysis by David Chilton (AKA The Wealthy Barber) looking into a specific question: TFSA vs RRSP? I was inspired to do some in-depth analysis on my own. One end result of doing all that research: I went ahead and created WealthBar’s […]

Cognitive Decline and Vitamins: As Simple as C and E

Posted on May 9, 2018 Underwriting for older lives remains a challenge and cognitive decline is the hardship most often seen among our aging population and client base. Asking the right questions and looking at emerging data continue to be underwriting cornerstones. Researchers continue to study whether alternative therapies may help stave off the earliest […]

Binges, Blackouts, and the Risky Drinker

Posted on April 18, 2018 Alcohol use varies greatly among insurance applicants as does the impact on health and mortality. In North America, almost 100,000 deaths annually are attributed to alcohol and the cost is in excess of $250 billion*. How much is too much is a perennial question and current thinking pegs healthy drinking […]

How Insurance Provides Security – and Opportunity – for your Business

Your life, your family and your business deserve protection and if you’re a business owner, insurance can provide that security in a number of ways that may surprise you. It can also provide opportunity to help build assets – and your business – in a tax-effective way for your retirement or estate plan. The Purchase […]

Genes, Testing, and the Angelina Jolie Effect

Posted on March 14, 2018 In May 2017, the Canadian parliament passed the Genetic Non-Discrimination Act (GNA) – formerly known as Bill S-201 – that precludes, under certain conditions, the insurance industry’s ability to use genetic tests for underwriting. The GNA, an Act to prohibit and prevent discrimination, states that genetic test information can no […]

Is Joint Insurance Coverage Right for You and Your Spouse?

You and your spouse may share a bank account, a home, or a business. How about an insurance policy? There are good reasons to consider joint insurance coverage – commonly known as ‘joint last-to-die’, a single contract based on the lives of two or more individuals. This type of coverage makes sense when the individuals […]

Should You Consider Using a Robo-Advisor?

  What is a robo-advisor? Robo-advisors give advisors and their clients the tools to manage investment portfolios online. The investments included in their portfolios can vary, but their general purpose is to provide efficient, low-cost portfolio management. Does that mean my current advisor is obsolete? Not at all. Your current advisor already knows your situation […]