Category Insurance
Universal life
Universal Life Insurance: Are there tax advantages? YES; is it advantageous for your wealth? UNLIKELY! (Originally published October 27, 2008) What is a Universal Life Policy? It is a combination of term insurance and an investment vehicle which is tax-deferred to the investor or even tax-free on death to the beneficiary of the estate. Situation […]
Vanguard GLWB vs. other decumulation strategies
Vanguard’s GLWB: Credit to Vanguard for delivering on the promise (Originally posted November 7, 2011 and re-hosted in March 2012) In a nutshell Vanguard’s GLWB finally meets the promise of the value inherent in GLWB/GMWB-like strategies. We can only hope that Vanguard will also offer this product eventually in Canada. Vanguard’s GLWB is a great compromise […]
Longevity Insurance
(Originally posted July 24, 2007) The uncertainty of one’s age at death, results in the biggest fears of retired persons, i.e. that they’ll run out of assets before they die. The risk of living too long constrains spending during “active” retirement years. Actually living too long reduces or eliminates the estate. A Longevity Insurance product, […]
Individual Health Insurance Considerations for Canadians
(Initially posted March 17, 2010 and re-hosted in February 2012) In a nutshell -There are at least three options that you can choose from: (1) a comprehensive policy for about $4,000 (age<65 when provincial drug coverage kicks in typically) that covers some of the dental, drugs, hospitalization (semi-private differential) and extended health nursing, vision, hearing, […]
Insurance: Insure or self-insure? Public or mutual?
Insurance: Insure or self-insure? Public or mutual? In a nutshell Are you getting good value for your insurance dollar? Some are wondering why things seem to have deteriorated over the past decade. Why are load-factors (the percent of premium not paid out in claims, typically 10-55%) so high? Insurance: how it used to be historically […]
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