I was recently asked to review the Canadian Bar Insurance Association term life insurance plan that if offers to its members. Below is a copy of the memo I wrote about the plan. It isn’t comprehensive and doesn’t compare all of the facets of the plan but it does highlight some of the most egregious […]
“Look, insurance companies are bastards. It’s not that they’re evil and trying to screw the little guy out of their money. It’s that they are totally, morally, apathetic. The same companies that make some of the best, most beneficial, positively incredible products for the public also sell some of the worst and most predatory products […]
Here are 9 reasons you should buy life insurance: Replace lost income and guarantee the standard of living for your loved ones should you die too soon. Cover final burial/cremation expenses. Create or cement your legacy (your legacy could involve or be aimed at family, community, charity, church, almost anything that you want to be […]
Begin by protecting what you most need and value: Define your “risk of ruin”. Identify the risk of ruin factors. Utilize reasonable risk containment measures. Through appropriate risk transfer planning, reduce the risk of ruin to as near 0 as possible. From now on, when making any decision regarding a product or strategy: Determine the […]
This is one of the most frequent misapprehensions we come across and unfortunately, it is one that is regularly encouraged by well-meaning but misinformed (or occasionally less than scrupulous) accountants, advisors and lawyers. We’ll get into the details below but to summarize: You cannot get out of paying the capital gains tax on a property, […]
