Life insurance is an important tool that helps you protect your loved ones from financial distress if you die. There are also advantages to life insurance beyond the death benefit.
It might feel morbid to talk through your legacy plan, but it’s worth having that protection in place if the worst happens. Here are four types of people who are best suited for it.
Without a doubt, life insurance is valuable protection provided by your employee benefit plan, but should it be the only life insurance coverage you have? Probably not, if you want to ensure you have long term protection sufficient to cover all your family’s financial needs should you die unexpectedly.
Many young people have never had discussions with their parents about matters related to matters such as the transfer of family assets, designation of power of attorney, or other money and financial affairs.
Executives need to carefully plan for retirement, especially as their ongoing expenses may be higher and they will need to save more to support their lifestyle in retirement.
When it comes to uncomfortable conversations, matters of inheritance may be near the top of the list.
But as the cost of living rises and the generational wage gap grows wider, experts say it is now more important than ever to open up that dialogue.
About 67 per cent of Canadians have private insurance, but your employer’s group benefits likely won’t cover all scenarios.
Can a Living Trust save taxes and fees on your estate? The short answer is Yes!
If you are living with someone who you are not married to, you need to make sure you don’t lose everything if he dies suddenly.
Adding a child’s name to your assets won’t accomplish your goal of reducing capital gains tax.
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