Donate, Don’t Surrender: When a client no longer wants their life insurance policy

Our lives are arguably the most valuable “possessions” we own, and because we are quick to insure our cars and our homes, insuring our lives should be a no-brainer! This being said, instances arise in which your client’s current life insurance policy may no longer be required.

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Donate, Don’t Surrender: What to do when you no longer need your current life insurance policy


Applet ABCs: Bridging Risk with critical illness insurance

Applets are used by Advisors in PPI Toolkit to create professional, straightforward presentations for clients.

Is your client considering critical illness insurance but is not completely convinced that it is necessary? The Bridging Risk applet showcases the need for critical illness insurance by presenting five risks and the likelihood that each will occur in your client’s lifetime. As each risk is mentioned, its likelihood increases until you and your client are left with “Critical Illness: a one in three chance.” It makes sense to cover the greatest risk to both income and lifestyle, so if your client is insuring their care and their home, they still have the greatest risk exposed.

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A critical step towards fighting critical illness




What your clients need to know about the updated Exempt Test for Insurance

The exempt test rules for life insurance policies are being modernized to reflect more recent mortality tables, to provide standardization across insurance companies and products, and to take into account the new products that have emerged in the marketplace over the last 30 years, specifically universal life and level cost of insurance. These rules exist to ensure that the favourable tax treatment of exempt policies is not available to a policy that is mainly an investment vehicle with only an ancillary insurance element. The proposed changes to the exempt test rules were first announced in the 2012 Federal Budget and, after consultations with the life insurance industry, were passed into law in December 2014.

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Getting prepared for the tax changes governing your life insurance policy