As one of the ‘living benefits’ in insurance, we often speak of income replacement in the event of disability. We look to coverage through group benefits at work, and the benefits of a personal policy cannot be underestimated. However, there are people whom would typically be missed by such coverage. The newly self-employed, unemployed, those with [...]
You spend time worrying about risk management for your company, but do you periodically review your personal financial risk management needs? Knowing that the answer is often, “no,” here are a number of areas that you may wish to consider and discuss with an insurance/financial advisor. Buy-Sell Agreements As a shareholder or a partner in [...]
Filed in Financial Planning, Insurance, Uncategorized
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Also tagged Alberta, business overhead expense, buy-sell, critical illness, disability income, Edmonton, financial advisor, group benefits, key person, living benefits, long-term care insurance, Lunch 'n Learn, personal financial risk management, travel insurance
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I was asked a question the other day as a little thought was being given to the retirement years. The question was regarding the value of continuing a disability insurance policy, assuming it would no longer provide a potential benefit. This assumption may not be correct! If you have group or association coverage, it likely terminates when [...]
Nancy Zimmerman, @moneycoach, is one of my Twitter friends. We discussed guest blogs, and I was pleased to write a post on Living Benefits for her and her readers. It can be found at NancyZimmerman.com. I hope you take the time to read it and have a look at other entries in her blog. As for this entry [...]
I am pleased to announce that I completed my Registered Health Underwriter (RHU) designation this past week. As you may know, I have become quite passionate about the living benefits. This program provided further depth into the topics of disability income replacement, critical illness and long-term care insurance, and group benefits. These are topics that [...]
Filed in Financial Planning, Insurance, Risk Management, Uncategorized
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Also tagged critical illness, disability income replacement, Edmonton, group benefits, health insurance, living benefits, long term care, Registered Health Underwriter, RHU
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Wednesday, February 11, 2009
I posed a question on Twitter last night asking, “What is your most valuable financial asset?” Thanks to those who replied! The answers included car, house, horses, business, education, and job. Each is a valuable asset. However, I would like to extend the thought a little further. Is your most valuable asset not your ability [...]
Filed in Financial Planning, Insurance, Risk Management, Uncategorized
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Also tagged critical illness, Edmonton, financial hardship, living benefits, long term care, protect assets, Tony Ratcliffe, Twitter
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