(250) 752-4712
stan@moneymanfinancial.com
MONEYMAN FINANCIAL
  • HOME
  • ABOUT
    • ABOUT
    • PRIVACY & TERMS
  • SERVICES
    • INVESTMENT PLANNING
      • TAX FREE SAVINGS ACCOUNT
      • REGISTERED RETIREMENT SAVINGS PLAN
      • REGISTERED RETIREMENT INCOME FUND
      • ANNUITIES
    • LIFE STAGES
      • STARTING YOUR CAREER
      • GROWING FAMILIES
      • MATURE FAMILIES
      • PREPARING FOR RETIREMENT
      • RETIREES
      • ESTATE PLANNING
    • BUSINESS STAGES
      • FINANCIAL ADVICE FOR BUSINESS OWNERS
      • FINANCIAL ADVICE FOR PROFESSIONALS
      • BUSINESS CONTINUATION
      • BUSINESS SUCCESSION
      • EXECUTIVE BENEFITS
    • INSURANCE PLANNING
      • LIFE INSURANCE
      • MORTGAGE LIFE INSURANCE
      • DISABILITY INSURANCE
      • CRITICAL ILLNESS INSURANCE
      • NEED FOR PERSONAL LIFE INSURANCE
      • NEED FOR CORPORATE LIFE INSURANCE
  • RESOURCES
  • BLOG
  • CONTACT

BLOG

Estate Equalization for Family Business Owners

March 9, 2023Moneyman Financial Inc.

In the planning of their estates, most parents might prefer to leave their assets in equal shares to their children. Often, the only complication in this scenario could be how to divide up the family home.

For owners of a family business, however, the concept of treating the children equally can often be much more problematic. This can especially be the case where one or more children are active in the business while others are not.

Read More

Is the Life Insurance Industry in Canada Stable?

February 1, 2023Moneyman Financial Inc.

Given the problems encountered by some large financial institutions in the United States, how concerned should we be about the state of the life insurance industry in Canada?

Read More

Don’t Wait Too Long to Convert Your Term Insurance

January 2, 2023Moneyman Financial Inc.

If you require permanent life insurance coverage for family, estate planning, business, or tax planning purposes or you just wish to accumulate money in your life insurance program it may be time to look at a permanent, level-cost solution.

Read More

Has Purchasing Life Insurance Changed Since 2020?

December 1, 2022Moneyman Financial Inc.

During this stressful and challenging time, many are wondering what effect COVID-19 could have on their life insurance. Some may be worried that the insurance companies would make changes to their existing policy due to coronavirus concerns, resulting in an increase in their premiums or a restriction to their coverage. It should be reassuring to all that insurance companies are generally not able to change the contractual provisions of the insurance policies that are in force.

Read More

Now May Be a Good Time to Review your Estate Plan

November 1, 2022Moneyman Financial Inc.

It has long been an accepted strategy to provide sufficient estate liquidity to pay taxes due at death from the proceeds of a life insurance policy. In Canada we are fortunate to have permanent life insurance policies that insure an individual for their entire life with a premium that is guaranteed not to increase. It is feasible to be able to use these policies in an effective estate plan.

Read More

Shielding Your Family From Your Creditors With Life Insurance

October 5, 2022Moneyman Financial Inc.

Naming a beneficiary of a life insurance policy provides a significant benefit in planning and protecting one’s estate. With a named beneficiary, the death benefit is paid directly to the beneficiary and is received tax-free. It bypasses the policyowner’s estate and is not subject to probate or any other administrative fees.

Read More

Group Life Insurance – Only Part of The Solution

September 1, 2022Moneyman Financial Inc.

If your goal is to replace income for your family for more than 2 years, you may want to add an individual policy to your group insurance coverage.

According to the same LIMRA study, on average, households with only group coverage can replace the household’s income for less than 2 years. Households with both group and personal life coverage can replace income for more than 5 years.

Read More

Is it Time for Your Insurance Audit?

August 1, 2022Moneyman Financial Inc.

Has it been awhile since you last looked at your insurance portfolio?

Are you a little vague in your recollection of all the coverage you have and why you have it?

Are you uncertain as to whether or not your portfolio reflects your current situation?

Just like going to the dentist for regular checkups is a necessary evil, reviewing your financial plan and products on a regular basis is also recommended. Circumstances can change over time and making sure your protection is keeping pace is a worthwhile exercise.

Read More

Estate Planning for Blended Families

July 6, 2022Moneyman Financial Inc.

In today’s family, it is not unusual for spouses to enter a marriage with children from previous relationships. Parents work hard at getting these children to functionally blend together to create a happy family environment. Often overlooked is what happens on the death of one of the parents. In most cases, special consideration for estate planning is needed to avoid relationship loss and possibly legal action.

Typically spouses leave everything to each other and when the surviving spouse dies, the remainder is divided amongst the children. The problem? Even with the best of intentions, there is no guarantee that the surviving spouse will not remarry and inadvertently disinherit the deceased’s children.

Read More

A Lifetime Gift for Your Grandchildren The Cascading Life Insurance Strategy

June 1, 2022Moneyman Financial Inc.

If you are a grandparent wishing to provide an asset for your grandchildren without compromising your own financial security, you may want to consider an estate planning application known as Cascading Life Insurance.

Read More

1 in 3 Canadians Will Become Disabled Before the Age of 65

May 2, 2022Moneyman Financial Inc.

Having a source to replace your earned income in the event of an illness or accident is vital considering that on average, 1 in 3 Canadians will become disabled for a period of more than 90 days at least once before the age of 65. For those that are disabled for more than 90 days the average length of that disability is 2.9 years.

If you are one of the approximately 10 million Canadians covered under a group Long Term Disability plan (LTD) it’s important to understand what your coverage provides. Don’t wait until after you’re disabled to read the employee handbook because you could have a few surprises!

Read More

Get Your Corporate Dollars Doing Double Duty

April 1, 2022Moneyman Financial Inc.

Owners of very successful private corporations are well aware of the importance of cash flow. Many are protective of how they allocate corporate capital so that business ventures are adequately funded and investment opportunities are not missed.

The Immediate Financing Arrangement offers an opportunity to provide life insurance coverage and accumulate wealth on a tax-advantaged basis without impairing corporate cash flow.

Read More

Posts navigation

1 2 3 4 … 19 >
© 2019 Financial Tech Tools