Income & Asset Protection

Income and Asset Protection

by Bev Moir on January 22, 2010

Living Benefits Critical Illness Insurance One of the great advantages of modern technology is that it’s allowing more people to survive once fatal medical conditions. However, the unfortunate reality is that many survivors must bear a heavy financial burden for things like medical treatment outside Canada, or ongoing care at home or in a facility. [...]

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Keyperson Insurance

by Bev Moir on November 13, 2006

Q. My two partners and I are all in our mid thirties and we have a computer consulting corporation where we are equal shareholders. We have ten employees and we service medium and large size corporations. I am the technical expert, Mark is the project leader and administrative coordinator, and Kim is our marketing specialist. [...]

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Living Benefits are Important for Your Protection

by Bev Moir on July 31, 2006

Following last week’s column on the basics of critical illness, several additional questions were asked. Q. What happens if the person insured for critical illness passes away before the benefit is used? – Shane B. A. Critical illness insurance pays a lump sum benefit after the diagnosis of the first occurrence of a critical illness [...]

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Getting Sick Doesn’t Mean Your Finances Have to Suffer Too

by Bev Moir on July 24, 2006

Recent media reports have highlighted the cost of specialized medications and treatments that aren’t covered by provincial health plans, and are generally unavailable except for those with personal savings or private health plans. Have you stopped to consider what would happen to you and your family if you needed expensive treatment or care and did [...]

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Protecting Your Residence

by Bev Moir on May 1, 2006

Q. We have recently bought a larger home using the appreciated value in our first property to make a substantial down payment. However, we still have a large mortgage and we’re concerned about what would happen should either of us die prematurely. What do you recommend? Marianne and Bill N. As perhaps your largest investment, [...]

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Seg Funds Worth Your Consideration

by Bev Moir on February 13, 2006

Q. As a retired person concerned about preservation of retirement savings, I am wondering if “seg funds” are an appropriate investment to get both diversification and security? – Bob H. A. Segregated funds are pooled funds similar to mutual funds with an insurance feature. Segregated funds offer a guaranteed return of principal after a specific [...]

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‘Insuring’ Your Future Important for Self and Family

by Bev Moir on August 8, 2005

I’ve had a number of questions since my last column on critical illness insurance about protecting oneself and one’s family, should the breadwinner become disabled and unable to work. Can anyone get disability insurance? Is it costly? Does one even need it? What is it and what does it cover? Knowing the answers to these [...]

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Getting Sick Doesn’t Mean Your Finances Need to Suffer Too

by Bev Moir on July 18, 2005

Many readers have been following the recent media reports about the high cost of specialized breast cancer medications that have been unavailable up until recently for Canadian women. I’ve recently had some questions from women about what would happen to them and their financial situation if they needed expensive treatment or care and did not [...]

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