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Group-Life-Insurance

Group Insurance – Only Part of the Solution

Ownership of individual life insurance at its lowest level in 30 years

The Life Insurance and Market Research Association (LIMRA) 2013 study shines a light on a developing problem for Canadian households:

  • Individual ownership of Life Insurance was at its lowest level in 30 years;
  • 3 in 10 households did not have individual life insurance at all;

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audit

Is it Time for your Insurance Audit?

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

Are you a little sketchy 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

money bag

The Stability of the Life Insurance Industry in Canada

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?  It is a fact that over the past decade the number of life insurance companies operating in Canada has decreased dramatically.  This decrease is mainly due to the mergers and acquisitions of the existing companies.  For example, those individuals who maintained policies issued by Maritime Life, Commercial Union, North American Life, or Aetna Life, now find themselves insured by Manulife Financial.  Today, insurance is one of the most closely regulated industries in Canada.  Unlike the United States, in Canada, there is a government organization that supervises all of the federally incorporated and foreign insurers to ensure that these companies operate in a prudent manner.  This organization is the Office of the Superintendent of Financial Institutions (OSFI).  For those companies that are provincially chartered their oversight is provided by the province in which they do business.  The major life insurance companies are federally regulated by OSFI.

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ARTICLES OF INTEREST

24
Mar
iStock_000013521039XSmall

What to do after selling your business

The contract is signed. The cheque is cashed. Your business has been sold or you’ve been given a golden handshake. Now what?

It’s a question many former company owners have a tough time answering. Whether you’re looking to sail around the world, start a new enterprise, or spend time with your family, you must now figure out what to do with your money—and with your life.

Here are 13 things business owners should do after leaving.

  • Relax

Shifting gears in a rush increases the likelihood of missteps, financial and otherwise. Take some time to reflect on what’s happened, and what’s to come. You don’t need to accomplish everything at once.

  • Define your goals

Do you want to spend time with family? Travel? Get involved in a charity or a community cause? Start a new business? Write it down.

 

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5
Feb

Lonsdale Wealth Partners

Lonsdale Wealth Partners, a division of Newport Private Wealth Inc., is a unique and new alternative for investors and Advisors tired of the ‘same-old, same-old’ strategies, high market volatility and heavy load fees of traditional mutual funds.

Lonsdale Wealth Partners allows investors to benefit from the investment advantages enjoyed by high net worth and large institutional investors, with an accessible entry point of $50,000.

Lonsdale Wealth Partners Portfolios will be managed by Newport Private Wealth, one of the largest independent wealth managers for high net worth individuals in Canada. Newport Private Wealth has more than $1 billion of assets under management.