Brian So Insurance

Critical Illness Insurance: The Definitive Guide --- Did you know that nearly 1 in 2 Canadians will develop cancer in their lifetime? Or that every year there are 70,000 heart attacks and 50,000 strokes in Canada?... The good news is that the survival rate for people suffering from these illnesses is on the rise. The bad news? They may end up in major financial distress due to time off work and extra medical expenses, Critical illness insurance fills this gap by paying a tax-free lump sum amount in the event you suffer from 1 of 25 covered illnesses. This comprehensive guide will tell you everything you need to know about critical illness insurance. Check out the post here: https://briansoinsurance.com/critical-illness-insurance/ Here's what you will learn: -Why do you need critical illness insurance? -What illnesses are covered -How much coverage you should get -Sample quotes for smokers and non-smokers And much more. --- #criticalillness #cancer #heartattack #stroke #illness #lifeinsurance #disabilityinsurance #vancouver #financialplanning #retirement

5 Questions to Ask When Buying Life Insurance --- When you first set out to buy life insurance, you may have many questions. The two main questions you must ask is:... 1) How much insurance coverage do you need? 2) What type of insurance should you get? After that, you'll want to find out how much it costs, compare different types of insurance, and more. What are some of the questions you might ask? https://financialpost.com//five-questions-to-ask-when-buyi --- #lifeinsurance #permanent #term #family #debt #mortgage #wholelife #financialfreedom #life #financialplanning #money #retirement

What is the Difference Between Disability and Critical Illness Insurance? --- How do you qualify for benefits for each? How long is the waiting period after the disability or critical illness occurs before you receive benefits?... Which one pays a monthly benefit and which one is a one-time lump sum payment? Most importantly, which one should you get? https://www.moneysense.ca//disability-insurance-preparing/ --- #disability #criticalillness #life #insurance #financialplanning #stroke #heartattack #cancer #accident #vancouver

Number of Canadians in Need of Disability Leave Increasing --- A study shows that 50% of working Canadians would have liked to take time off work because of a disability. Yet the number of working Canadians with disability coverage has dropped to 50%.... When faced with the possibility of becoming disabled and unable to work for 3 months, 67% of working Canadians surveyed agreed there would be "serious financial implications" for them and their family. This means financial hardship to cover living expenses such as your mortgage, bills and groceries. How will you get by if you weren't able to work for 3 months due to a disability? https://insurance-portal.ca//number-of-canadians-on-disab/ --- #disabilityinsurance #insurance #riskmanagement #accident #sickness #work #income #retirement #vancouver

# #ForLifeAsYouKnowIt #MyCanadaLife... https://youtu.be/Rw0ffopu3zY See more

Life insurance can offer your family protection while you're alive and after you die, and help support a sound financial plan. Learn more: https://www.canadalife.com/insurance/life-insurance.html

Life Insurance: 10 Things You Need to Know --- Life insurance is one of the biggest purchases in your life. And while your chances of passing away prematurely may be slim, there are major financial consequences to your family if you do so without any life insurance. So, why not spend some time understanding the role life insurance plays in protecting the financial well being of your family?... This post will explain: -How much coverage you need -The difference between term and permanent life insurance -The different types of permanent life insurance (whole life, universal life, term-to-100) https://www.thestar.com//life_insurance_10_things_you_need --- #lifeinsurance #wholelife #savings #family #term #permanent #mortgage #wholelife #financialfreedom #life #financialplanning #estateplanning #money #retirement #vancouver

What Your Family Should Know About Your Life Insurance Policy --- Life insurance isn't a 'set it and forget it' deal. Many people who get insurance end up either not telling their families or forgetting about its existence.... When they pass away, the death benefit is unclaimed by their families. How do you prevent this from happening? Simple, talk to your family about your existing assets; not just your life insurance policies, but also your bank accounts and investments. That way, you ensure that your family members receives what you intended to leave for them. https://www.sunlife.ca//what-your-family-needs-to-know-ab/ --- #lifeinsurance #financialplanning #family #insurance #money #vancouver

Strong, flexible and built on a foundation of guarantees. Learn how participating life insurance can help give you lifelong protection: https://www.canadalife.com//participating-whole-life-insur

5 Questions to Ask When Buying Life Insurance --- Did you know that 1 in 2 Canadians wouldnt ask their life insurance carrier to provide details of their policy? They either think insurance is too complicated, feel embarrassed or theyre simply uninterested.... Instead of being left in the dark, here are 5 quick questions to ask to help you understand what you are getting. https://financialpost.com//five-questions-to-ask-when-buyi --- #lifeinsurance #insurance #term #permanent #wholelife #retirement #riskmanagement #vancouver

Whether you're operating a startup or a long-running business, here's how life insurance can help you achieve your business goals https://www.canadalife.com//l/business-life-insurance.html

Did you know that a life insurance policy can cover more than 1 life? One of these types of policies, joint last-to-die, pays out on the last death of 2 or more people. The other, joint first-to-die, pays out on the first death between 2 people.... This post is your comprehensive guide on the latter: joint first-to-die life insurance. Check out the post right here: https://briansoinsurance.com/joint-first-to-die-life-insur/ Here's what you'll learn: -What joint first-to-die life insurance is good for and who should use it. -Advantages and disadvantages of using it over 2 separate individual policies. -Is joint first-to-die life insurance right for you? --- #lifeinsurance #mortgage #incomereplacement #couples

How Long Can Term Life Insurance 'Terms' Be For? --- The most common terms that all insurance companies offer are 10 and 20 years. But did you know that you can choose between 10 and 40 years.... There are age restrictions. For example, a 60-year-old would be too old for a 30 year term. You can also choose a length that isn't in increments of 10 years. So if you had a mortgage with 18 years left in its amortization, you can buy a term-18 policy to cover it. What term is right for you? https://www.moneysense.ca//lif/term-life-insurance-length/ --- #lifeinsurance #term #family #debt #mortgage #wholelife #financialfreedom #life #financialplanning #money #retirement #vancouver

After much controversy and debate, it is now illegal for insurance providers to use or require genetic test information to make decisions about an applicant’s insurance eligibility or coverage. You don’t have to choose between receiving potentially life-saving information about your health and purchasing insurance and that is definitely a big relief. https://brianso.thelinkbetween.ca//the-genetic-non-discrim

Protect Your New Family for Life --- Life insurance is traditionally only bought on the life of the income earner of the family. But the stay-at-home parent is essential to the maintenance of the household.... If the stay-at-home parent isn't around or capable, who will do all the housework from shopping and cooking to cleaning and childcare? That's where insurance can help. The lump sum payout from the death or critical illness of the stay-at-home parent can be used to maintain the family's lifestyle. Does the stay-at-home parent in your family have insurance? https://ivari.ca/protect-your-new-baby-for-life-with-insura --- #lifeinsurance #criticalillnessinsurance #family #children #protection #riskmanagement #financialplanning #mortgage #vancouver

How to Cover The Cost of Cancer --- Nearly 1 in 2 Canadians will get cancer at some point in their lives, according to a report by the Canadian Cancer Society. The cost of cancer depends on the type of cancer, the stage, and the type of treatment you receive.... You may even have to take extended time off work and pay for someone to take care of you while you recover. All these costs add up and dramatically affect your finances and delay your retirement. A critical illness insurance policy pays out a tax-free lump sum amount if you are diagnosed with cancer. It can be the difference between attaining your retirement goals and being in financial ruin. How will you pay for the cost of cancer? https://www.sunlife.ca//u/how-to-cover-the-cost-of-cancer/ --- #criticalillness #cancer #heartattack #stroke #illness #lifeinsurance #disabilityinsurance #vancouver #financialplanning #retirement

# #ForLifeAsYouKnowIt #MyCanadaLife... https://youtu.be/Xzp2Bimx1uc See more

Needs Based Planning: It’s All About You! http://ow.ly/3mEw30r2PcD

Important Milestones for Buying Life Insurance --- When is the optimal time to buy life insurance? There are several milestones that should trigger a review of your life insurance needs.... For example: -Starting a job (income protection for your family) -Buying a home (to cover the mortgage) -Starting a family (to take care of your family) Basically, anytime there's a lifestyle change that increases your debt or the cash flow needed to maintain your lifestyle, you should revisit your coverage needs. Do you have an upcoming milestone that should trigger a review of your life insurance needs? https://www.theglobeandmail.com//article-important-milest/ --- #lifeinsurance #insurance #mortgage #family #debt #retirement #marriage #children #riskmanagement #financialplanning #money #vancouver

Learn how living benefits, specifically critical illness and disability insurance, can safeguard you from the unknown and help to cover everyday costs in the event of an injury or illness. Together, they can provide you with peace of mind knowing that you don’t need to worry about mounting bills while you focus on recovery. https://brianso.thelinkbetween.ca//smart-talk-about-living... #insurance #disability #criticalillness #cancer #heartattack #stroke

New post: Disability Insurance For Real Estate Agents / Realtors --- This is the definitive guide to disability insurance for realtors. In it, you will learn: -Why realtors need disability insurance... -How disability insurance works for realtors -Comparing an individual policy with Manulife's disability insurance plan -What is the best disability insurance policy for realtors Check out the post here: https://briansoinsurance.com/disability-insurance-realtors/ --- #disability #insurance #realtor #realestateagent #income

Stat: 44% of Canadians choose term life insurance It's easy to see why so many Canadians choose term insurance - it's simple to understand, affordable and provides flexible coverage amounts. Want to learn more? https://www.canadalife.com//life-/term-life-insurance.html

Is Joint Insurance Coverage Right for You and Your Spouse? --- You and your spouse may share many assets under joint names: a bank account, a home, or a business. How about an insurance policy?... One of the main reasons to get joint last-to-die insurance - where the death benefit is paid upon the death of the survivor - is for estate planning purposes. It's a common strategy in tax planning to roll assets to the surviving spouse on a tax-free basis. That means when the survivor passes, there is usually a much larger tax liability. A joint last-to-die insurance pays out a tax free death benefit that can be used to pay off the tax liability. This lets you leave a much larger legacy for the next generation. Have you considered joint last-to-die insurance as part of your estate plan? https://brianso.thelinkbetween.ca//joint-insurance-coverage --- #lifeinsurance #insurance #jftd #jltd #family #marriage #taxes #estateplanning #legacy #riskmanagement #vancouver

Juvenile Insurance - Why You're Never Too Young to Secure Your Future --- While life insurance is typically bought for the breadwinner of the family, that's not its only use. You can also buy life insurance on your children.... Why would you do this? Because besides protection, permanent policies like whole life and universal life also have a cash value component. They can be used to supplement your children's financial plan by combining both savings and insurance in one policy. And because they are young, the cost of insurance is low, which means more of the premium is going into the investment. This results in a significant amount of cash in their policy when they're older. Money that they can use for a down payment on a home, for their education, their wedding or even their own retirement. Besides the RESP, how else have you planned for your children's financial future? https://brianso.thelinkbetween.ca/insura/juvenile-insurance --- #lifeinsurance #children #lifehappens #wholelife #savings #resp #criticalillness #vancouver

5 Smart Ways to Prepare for Your New Baby --- The average cost to raise a child is over $200,000, according to a recent study by MoneySense. There are several ways to reduce the financial strain on you, like opening an RESP account and applying for the Canada Child Benefit.... But have you prepared for the unexpected as well? Your income is more vital than ever for the support of your growing family. You need to make sure your family can maintain its lifestyle in the event your income is interrupted. That's why having a baby is a good time to review your insurance needs: life, disability, and critical illness. You'll want to review how much coverage you have, when the insurance expires, the features of the policies, and more. Then you should analyze your needs now and in the future to see if your current policies match up. What financial steps are you taking to prepare for your new baby? https://www.sunlife.ca//5-smart-ways-to-prepare-for-your-/ --- #lifeinsurance #disabilityinsurance #criticalillnessinsurance #baby #family #riskmanagement #RESP #CCB #vancouver

Worried About Taxes At Death? --- There are only two things certain in life: death and taxes. And in Canada, taxes payable on death can be massive.... There are ways to delay or minimize the tax bill, but there's no avoiding it completely. Unless you have a life insurance policy, your estate will have to liquidate some of the assets and investments to pay the tax. How will taxes affect your inheritance for the next generation? https://blog.empirelife.ca/blog/worried-about-taxes-at-death --- #lifeinsurance #insurance #permanent #taxes #death #riskmanagement #inheritance #estateplanning #vancouver