Why Using Private Medical Clinics May Cost you More for Life Insurance

private medical clinic

Using Private Medical Clinics May Cost you More for Life Insurance. If you use a private medical clinic –  like Medcan, Medisys or The Cleveland Clinic –  it may cost you more for life insurance. In some cases, it may cause a postponed decision or an outright decline by an insurance carrier.  This may not seem significant to some, but … Read More

Did You Know These 7 Assets are Safe From Divorce?

division of assets divorce ontario

There are very few savings, assets or investments that are safe from divorce.  Depending on how proactive you are in addressing some of these items will determine how much you get to keep in the future versus what you may need to share if your marriage dissolves down the road.  Another potential opportunity is looking at something today with no … Read More

Split Dollar Critical Illness: Would You Play the Lottery if you were Guaranteed to Win?

I’ve had some interesting discussions over the years with Business Owners about insurance in general. I’ve often heard, ” it’s expensive”, “it rarely pays out”, “nothing is going to happen to me”, “I’ll self-insure instead” (I didn’t say they were all sound arguments). Whatever the argument, no one really wants to buy insurance unless they know they will get sick. … Read More

10 Simple Ways to Pay Less Tax Through Your Business?

tax strategies

This week’s federal government budget illustrated that the federal government might be easing off its assault on small business owners.  They are moving forward with the proposal to eliminate the tax on split income (TOSI) for dividends paid to non-participating family members within a business.  They have eased off on the passive investment income that a business owner can keep … Read More

Why You May Want to Consider Split Dollar Critical Illness Insurance

Split Dollar CI

Split-Dollar Critical Illness Insurance or Shared Ownership refers to a concept where more than one party owns an interest in an insurance policy. ┬áThe most common of these arrangements is where the corporation is the owner and beneficiary of the death benefit and the shareholder, and an employee owns the cash value of the policy. What is Split Dollar Critical … Read More

Critical Illness: What Awaits You and Your Business if You Get Sick?

Critical Illness Insurance

Why a Doctor Invented Critical Illness Insurance Dr Marius Barnard invented Critical Illness insurance. Marius assisted his brother Dr Christiaan Barnard in performing the first successful heart transplant in 1967 in South Africa. Through his years of dealing with cardiac patients, Marius observed that those patients that were better able to deal with the financial stress of their illness recovered … Read More