Lost and FOUND - Jack’s Story
Back in the early 1990s, when I was just getting started in my career, Jack was already a retired entrepreneur and senior citizen.
We met through a mutual acquaintance (my late mother of blessed memory), and soon became friends. Jack was an active widower with grown up children and grandchildren who didn’t live in Toronto.
I remember accompanying him to his bank branch where he introduced me to the bank manager. They added me to the approved list for access to his safety deposit in case something happened.
ROP RIP?
It’s no secret that I love Critical Illness Insurance (CI), and it continues to amaze me that most insurance advisors in Canada have NEVER sold a policy! In my professional opinion, any insurance advisor who isn’t telling clients about CI is negligent.
When illness strikes, having CI often means the difference between losing a mortgage and losing the family home. It happens all the time.
The statistics are scary - you’ve probably seen them - 1 out of 3 Canadians will get cancer (and that’s just one of about two dozen covered conditions)
Huge Changes
The life insurance industry in Canada is undergoing huge changes while attracting little mainstream news coverage.
RBC Insurance recently cancelled their distribution contracts with most of their Managing General Agencies (MGAs). They went from 83 MGAs to just 14.
105-year-old Toronto woman forced to wait 10 years for long-term care told to wait two more
Why Key Person Insurance is important
Canada's Healthcare system is sick (and costing us lots of money)
It's no secret that our healthcare system forces Canadians to wait in line for medical treatments.
We developed ELITE U.S. Healthcare™ to provide funding and help people get immediate access to the world's best healthcare .
(Everyone knows someone who was forced to wait to see a specialist, or begin treatment.)
Buying insurance products online can be risky
Buying insurance products online can be risky – it is absolutely not the same as booking a theatre ticket or a buying some music to download. We live in a world of MISinformation, and much of that is available online. Canadians really need the advice of Trusted Advisors. Many online insurance sellers suggest otherwise. I disagree. Read THIS .
What do you think?
RBC will exit the market on many insurance products
I’ve been telling people there will NEVER be a better time to buy critical illness insurance, life insurance and other living benefits. Just last week Manulife raised premiums on Critical Illness insurance by as much as 30%.
Now comes RBC Insurance announcing major changes: they have decided to exit the market on many great products - see this article in the Financial Post " RBC latest to pare insurance products"
Insurance premiums are heading in one direction: UP
Welcome to My Blog
I want to personally welcome you to my blog. The purpose of this blog is to provide readers with my professional insights and observations coupled with the latest industry information to keep you informed. This is where you can have your own questions answered to help you make well informed decisions to protect yourself and those you love.
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Take care,