It is no secret that there are benefits to funding your client’s shareholders’ agreement with life insurance.
It is less well known, however, that a significant number of agreements are drafted incorrectly, being either out of date or inadequate to deal with insured buyouts. The following are 5 common errors and omissions your clients should avoid in their shareholders’ agreement.
Continue reading “5 Common Mistakes to Avoid When Drafting Shareholders’ Agreements”
Applets are used by Advisors in PPI’s Toolkit Direct (Advisor login required) to create professional, straightforward presentations for clients.
The Income Replacement applet (Advisor login required) can be used to answer the daunting question, “What would you do if you could no longer work due to disability or sickness?” While this may not be a question that you want to ask your clients out-right, it is something very important for them to consider. Continue reading “Applet ABCs: Income Replacement”
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Insuring your Most Valuable Asset
Introducing ADVISOR TALK. AN INSURANCE BLOG.
Ever wonder how a great conversation gets started and how to keep it going? One person starts it, another responds, and others get interested and engaged. In the social media world, this can be achieved quite easily. Be that person who starts that dialogue and increase your practice’s online visibility, build your brand, and drive traffic to your website. Get talking, get heard, get known, and get down to business.
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.
Applets are used by Advisors in PPI Toolkit Direct 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 (Advisor login required) 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.
Continue reading “Applet ABCs: Bridging Risk with Critical Illness Insurance”
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A critical step towards fighting critical illness
As of December 2022, there were 1.22 million employer businesses in Canada*. Guess how many were small businesses.
Whatever your guess, we recommend you make it a little higher because, as of 2022, more than 98% of Canadian businesses employed less than 100 employees*. There are over 1,190,000 small businesses in Canada that, notably, contribute slightly more than 35% to Canada’s GDP*. Additionally, as of 2022, small businesses employed 8.2 million individuals in Canada or 67.7% of the total private labour force*. They may not be multimillion dollar corporations, but their worth should not be underestimated. Continue reading “Why Life Insurance Advisors Are Making It Their Business to Investigate the Business Insurance Market”
LinkedIn can be a valuable tool for growing your business – now is the time to open the door to the world of social media and client networking opportunities. Below are three easy tips for linking you and your business into the LinkedIn network. Continue reading “Linking-In to the Life Insurance Market”