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Author Archives: Terry Zavitz

Life Insurance – An Affordable Plan for Cardmembers?

credit-and-debit-cards

Terry Zavitz

Terry Zavitz

Term Life Insurance can be purchased from many different providers such as through an insurance broker, from big box stores, and even through major credit card companies.

I recently received an offer for term life insurance through one of the major credit card companies titled “An Affordable Plan for Cardmembers”. I know what you’re thinking… What’s the catch? And how is this different than purchasing my life insurance policy through a broker? I thought it would be interesting to compare the rates offered against what is available on the open market through a broker.

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Are Life Insurance Proceeds Subject To US Estate Tax?

Terry Zavitz

Terry Zavitz

 

It is possible that life insurance proceeds can be subject to US estate tax regardless of whether the life insurance is issued by a Canadian or US insurer, even if you are not a US citizen.

Canadian citizens or residents, who are not US citizens or resident aliens, whom own US-situs assets can be exposed to US estate taxes. US-situs assets include tangible property such as:

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Negotiating Healthcare and Fixing Ontario’s Primary Care

 

The following two videos are created from a live interview done Feb 23/15 on TVO’s “Agenda”.   The first video relates to the negotiations between physicians in Ontario represented by the OMA and the Ontario government.   The second video is a panel discussion on how primary care is delivered in Ontario and the fee structures and changes made.

I hope you find them as interesting as I did.   

Terry

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How Should I Handle a Disabled Employee and Termination of Benefits

Termination of Disability Benefits
Terry Zavitz

Terry Zavitz

If an employee is off work for two years due to a disability, should the employer terminate benefits if there is a company policy that states benefits will be terminated for an employee on leave longer than two years? The points to consider and a review of relevant legal cases was the basis of the webinar presented by Empire Life last month, with speaker George Vassos LLB of Kuretzky, Vassos and Henderson from Toronto.

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What You Need to Know if You Don’t Have a Will

Terry Zavitz

Terry Zavitz

A will is a legally binding document that lays out how you want your assets divided when you die. If you die without a will, you are said to be intestate, and a provincial formula is used to dictate who will inherit your assets, and the share of the estate that each person is entitled to. Most people assume that their spouse will inherit everything, but this is rarely the case. Estate law falls under the province you are resident in and/or have property in and varies from province to province.

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