You might wonder whether premiums for life insurance are tax-deductible when you file your taxes. Sorry, there is no one-word answer. The most useful 2-word answer is “Usually – No”. Are Life Insurance Premiums Tax-deductible? Canada’s Income Tax Act, (ITA) allows for the deduction of insurance premiums. However, this complicated maze of rules is applicable…
Please fill out the enclosed information to get a disability insurance quote. We will send out a quote based on the information you have provided. Disability insurance many variables that impact how it is paid out. That is why there is not an automatic online calculator for disability. We have specialized in disability insurance for…
Getting the benefit of the opinion from an independent broker who knows the basics of your situation is invaluable, and you have already paid for it. Every insurance policy in Canada is by law sold through a licensed agent, and that generates a commission or salary, even if the policy is bought online. So you…
Here is a guide I put together for my clients to help in understanding and purchasing disability insurance. If you would like an individual quote for disability insurance using your information, please fill out and submit the short form here. Disability Insurance is referred to as a Living Benefit policy because it is something that…
Waiver of premium on a life insurance policy is a rider that you can optionally add and which may pay the premiums of a life policy for you during a period of disability. This can help keep your valuable life insurance in place for your family during a time when you are already vulnerable because of…
An individual can purchase disability insurance with a return of premium benefit that allows them to be protected from disability, as well as receiving a return of premium if the individual remains healthy. There are numerous disability insurance providers with provide return of premium such as; AXA Assurance, Canada Life and Manulife. They offer disability…